Paytm Electricity Bill Offer

What is Paytm?

What is Paytm: Paytm is a platform for digital payments which is owned by One97 communications. Vijay Shekhar Sharma, the owner of One97 Communication Limited started Paytm in 2010. Paytm started off as a mobile recharge website for prepaid connections and from there, it took off to become a leading e-commerce site.

Paytm stands for "Pay Through Mobile". It allows you to transfer cash into the integrated wallet via online banking, debit cards, and credit cards. You even transfer by depositing cash via select banks and partners. The money in your Paytm wallet allows you to pay for a number of goods without using cash.

What is Paytm Wallet?

Paytm wallet is a digital wallet or a mobile wallet, which has been designed to make and receive payments digitally.One of the most interesting feature of this wallet is it allows people to send money easily to someone.

Inorder to make use of this feature you need to load the paytm account with money. It can be done using any of the methods like debit/credit card, internet banking. Among the transactions you can make on Paytm are recharges for mobile phones, metro cards, DTH cable, data cards, etc, as well as postpaid payments for mobile phones, landline/ broadband, electricity, water and gas bills, etc.
Post demonitisation, we have been hearing a lot about cashless transactions, so the question is, why should we go cashless? How do we do that? The ease of conducting financial transactions is probably the biggest motivator to go digital. You will no longer need to carry wads of cash, plastic cards, or even queue up for ATM withdrawals. It’s also a safer and easier spending option when you are travelling.

You have the freedom to transact whenever and wherever you want. You don’t have to be physically present to conduct a transaction or be forced to do so only during office hours. Also the written record will help you keep tabs on your spending and this will result in better budgeting.
If stolen, it is easy to block a credit card or mobile wallet remotely, but it’s impossible to get your cash back. This is especially true while travelling, especially abroad, where loss of cash can cause great inconvenience.

What can we do using Paytm?

There are a number of things that you can do using this digital wallet or mobile wallet. Here is a quick summary for you.
Recharge - You can recharge your data cards, DTH cable, metro cards, prepaid mobile connecctions

Bill Payments - You can pay bills for your electricity, water, gas, broadband, landline, postpaid mobile .

Ticket Booking - You can book movie, train, bus, flight tickets etc. using Paytm wallet.

Shopping - Paytm has its own e-commerce platform where you can purchase products like apparels, appliances etc.

Money transfer - You can transfer money from your account to some other account, from your paytm wallet to another bank account or can transfer money fom your paytm wallet to another paytm wallet.

How to creating a Paytm account

The easiest way to create a Paytm account is by downloading and installing paytm appfrom google playstore or apple app store. Once you have downladed it you can register. Check this article on how to create a paytm account

Adding money to your Paytm wallet:

Before you add money to your Paytm Wallet you need to set up an account on it by using your mobile number and email ID. Here is a step-by-step guide to help you add money to your Paytm Wallet:

-Open Paytm App

-On the app home screen, tap on the ‘Add Money’ option

-Enter the amount that you wish to transfer to the Paytm Wallet

-Tap on the ‘Add Money’ button to proceed with the transaction

-Select the payment option (Debit card/ Credit card/ Net banking) through which you want to transfer money to the Paytm Wallet

-Enter your bank or card details such as Card number, expiry date, and CVV to with the transaction

-Tap on the ‘Pay Now’ button to complete the transaction

-Use Paytm to Pay or Send money through Paytm Wallet:

How to tranfer money from Paytm to bank account

If you have ever added money to your Paytm wallet by mistake and want to transfer it back to the bank or if you have some money that has been sitting in your Paytm wallet for a long time which you want to transfer into your bank account, this article will be useful for you. read this for the step by step guide on how to transfer money from Paytm to bank account

How to transfer money to Paytm to other paytm account.

Paytm users can easily pay or send money to other users of Paytm services through their smartphones. There are two ways of sending money to another user on Paytm:

Option 1: Scan QR Code

One of the ways of send money is by scanning the QR code displayed by the retailer. Follow these simple steps to use QR code for making payment:

-Open the Paytm app

-On the app home screen, tap on the ‘Pay or Send’ option

-Scan the QR code

-Enter the desired amount

-Tap on the ‘Pay’ button to proceed with the payment

Option 2: Mobile Number

The second and the easier way to send money using Paytm Wallet is through the mobile number of the Paytm user.

-Open the Paytm app

-On the app home screen, tap on the ‘Pay or Send’ option

-Tap on the ‘Mobile No.’ option

-Enter the mobile number of the person to whom you want to send the money