Connectors / Payment methods / Paytm Wallet

Paytm Wallet

#e-Wallet

Paytm Wallet is a very popular electronic payment method in India. It was launched in 2014 by the Indian technology company Paytm. Paytm Wallet allows users to make electronic […]

Certified payment providers 6
Market coverage 1
  • India
Currencies 1
  • India Rupee
Description

Paytm Wallet is a very popular electronic payment method in India. It was launched in 2014 by the Indian technology company Paytm. Paytm Wallet allows users to make electronic payments using their mobile phone.

To use Paytm Wallet, users must create an account on the Paytm app. They can then add money to their electronic wallet using a credit card, debit card, or bank account. Once the money is added, users can make payments for online or in-store purchases, pay utility bills, and transfer money to other Paytm Wallet users.

Paytm Wallet is widely accepted in India, with over 10 million merchants accepting payments through the Paytm app. Additionally, Paytm Wallet offers security features such as a four-digit PIN code to protect access to the app and real-time notifications to inform users of any activity on their account.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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