Demonetisation has become a familiar word after the announcement of banning Rs. 500 & Rs. 1000 notes by honourable Prime Minister Narendra Modi. In this post I’m not sharing my views on banning Rs. 500 & Rs. 1000, but I will share how you can help yourself & the country to move from cash to cashless payments. There are many ways by which you can make cashless payment – either by just swiping your debit or credit card or using eWallet like Paytm.

Paytm Go Cashless, Paytm app, fight against demonetisation

What is an eWallet?

eWallet is an electronic device, website, software system or database that facilitates commercial transactions by storing a consumer’s credit card, shipping address, and other payment data.

To make it more clear, eWallet is a type of electronic system which is used for transactions made through a computer or a smartphone. eWallet has both a software and information component. The software provides security and encryption for the personal information and for the actual transaction. The information component is basically a database of user-input information. This information consists of your shipping address, billing address, payment methods (including credit card numbers, expiry dates, and security numbers), and other information.

With demonetisation, there is not much cash is available with anyone or in the market, so many are turning to eWallets like Paytm to overcome the cash problems.

What is Paytm?

Paytm is an Indian e-commerce website, headquartered in Noida, India. It was launched in 2010 and owned by One97 communication.

Paytm stated with a mission to create mobile payment system in India and it is an acronym for “Pay Through Mobile”.

In 2014, the company launched Paytm Wallet and now it is the India’s largest mobile payment service platform with over 100 million wallets & 10 million app downloads. By using Paytm, you can make payments by using your mobile phone. In past, have you ever thought about this?

To make a payment from your smartphone, first you have to download the Paytm app.

How to Download the app

First of all, you need an active internet connection to download the app on your smartphone. The smartphone should run on Android, iOS or Windows platform and the app can be downloaded from Google Play Store, iOS App Store or Windows Phone Store respectively.

To download the app on your smartphone, first you have to open the App store (be it Android, iOS, Windows Phone) and type “Paytm” in search bar. As you can see, it will show up all the results.

Paytm App Install, Paytm app, how to use paytm app

Now, click on Paytm, a new window comes out, where you can see the “Install/Open”, just tap on it and it will install the app on your smartphone.

Now, the app is installed in your smartphone and you can use it without any problem. Below you can find step-by-step guide, which helps you to add money/send money/pay money by using your Paytm wallet.

Paytm App Login

How to Add Money/Send Money/Pay Money?

Adding money in Paytm wallet is hassle free. All you need an active internet connection and money into your bank account.

Step 1: Open the Paytm app in your smartphone and tap on the icon “Add Money”.

Add Money Into Paytm App

Step2: As soon as you tap on the “Add Money”, a new window opens as show below. Now you have to enter the amount (it can be any amount like say Rs. 50). After entering the amount, you have to tap on the “Add Money”.

Add Money In Paytm App

Step 3: As soon as you tap on “Add Money”, a new window opens, where you have to make the payment. The payment can be done via Debit card, Credit card or net banking.

Add Money in Paytm Wallet By Entering Bank Details

Step 5: As I choose to pay via debit card. So, I have to fill the required details and as soon as all the details filled up, tap on the Pay now”.

Step 6: As soon as you tap on “Pay now”, it will open a new window. Now, you have to enter the “One Time Password”, which you got it just now on your registered number with Paytm.

Step 7: After entering the OTP, you have to tap on the “Submit” button. As soon as you tap on the “Submit” button, the required amount will be added in your Paytm wallet in no time.

Step 8: In case, if the transaction is declined or the money not credited into account, you can get in touch with Paytm customer support or Bank customer support.

As you see that, adding money in Paytm wallet is hassle free, with just 3 taps, you can add money in no time into your Paytm wallet. In the same way, you can send money from your Paytm wallet to other person Paytm wallet.

Here’s how you can send money from your Paytm wallet.

Step 1: You have to open the Paytm app and tap on “Pay” button as shown below:

Send Money Paytm App

Step 2: As soon as you tap on “Pay” button, a new window opens as shown below. Now, you have to tap on the “Mobile No.”.

Send Money Using Paytm App

Step 3: As soon as you tap on “Mobile No.”, the new window open. You have to fill the required details like “Mobile Number”, “Amount”, if you would you to remind your friend/family member, you can add the message too.

Step 4: After entering the “Mobile Number” and “Amount”, tap on the “Send” button.

Step 5: As soon as you tap on the “Send” button, you’ll see a success message below. In just 2-3 minutes you can easily send money to your loved ones and that too without any problem.

Step 6: As soon as you send the money, you will receive a message on your registered Paytm mobile number. The message confirms the successful transfer of money.

Sending money to loved ones is easy. In same way, you can pay the amount to anyone.

You can use Paytm wallet for offline payments too. You can pay via entering a mobile number or you can scan the barcode and pay them. To find the barcode, you need to follow the above steps, instead of tapping on “Mobile No.”, you have to tap on “Scan Code”. By scanning the code, you can easily pay the required amount to seller/merchant.

What are the different ways in which users can use Paytm in their daily life?

After the demonetisation, Paytm patterned with many merchants and they are accepting the payment mode as Paytm. It’s a good news to everyone and without spending real cash, you are buying daily use necessities items without any problem.

You can use Paytm wallet to book movie tickets, pay the electricity bill, pay your children’ school fee (in some areas of India), book flight, train tickets, etc. and many more. You can use Paytm wallet anywhere and that too without any problem, with the condition provided that the merchant accepts Paytm payment.

How to return money to your bank account
May be you want to withdraw the amount accumulated in your Paytm Wallet. To add money into your bank account, is also easy and with 2-3 taps, you can easily transfer the money.

Step1: Open the Paytm app, tap on the “Passbook”.

Passbook Paytm App

Step 2: As soon as you tap on “Passbook”, a new window opens, with number of options like “Send Money to bank”, “Add money to wallet”. Tap on “Send Money to Bank”.

Step 3: As soon as you tap on “Send Money to bank”, a new window opens. You have to tap on “Transfer” button.

Send Money To Bank Via Paytm

Step 4: As soon as you tap on “Transfer” button, you transfer the money into bank account by just providing the details like “Amount”, “Account Holders Name”, “Account Number”, “IFSC Code”. As soon as you enter the details, the money will be transferred into your bank account within no time.

Withdraw Money From paytm

Now, by using Paytm Wallet, you can easily pay all your bills in no time above all, you can buy daily use items without spending cash.

If you have any questions, check out this link

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