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Paytm also allows you to send money to other people’s Paytm wallets or to bank accounts.
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You will still need a smartphone (or access to a PC) in order to create your Paytm account, and link it to your phone number – and of course to load funds into the wallet.
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To do this, Paytm has launched a toll free phone number – 1800 1800 1234. Paytm on announced a new feature that will allow anyone to make payments using a Paytm wallet without Internet or smartphone. Roll-out for Apple handset users will happen soon after.
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On the Android platform, Paytm will be available in Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi. On Nov 15, 2016 Paytm said on Tuesday that its mobile interface will be available in 10 Indian languages, besides English, to boost adoption across the country.


In Sep 2015,China’s Alibaba Group acquired 20% stake and became the largest shareholders of One97 Communications the parent of Paytm, by investing $680 million Paytm was founded by Vijay Shekhar Sharma under his company One97 Communications in 2010 as a prepaid mobile recharge website.
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Paytm is an acronym for “Pay Through Mobile” with website and Android, Windows and iOS apps. Using the money in the Paytm wallet, you can pay for a number of goods without using cash. Paytm, is a digital payments platform that allows you to transfer money into the wallet through online banking, debit cards, and credit cards, or even by depositing cash via select banks and partners. Wallets that have been inactive for six months and have zero balance won’t be transferred to the Paytm Payments Bank wallet unless their holders specifically consent to the same while logging into the app, web or by e-mail.Ībout Paytm and Paytm Wallet What is Paytm? If a person has a balance of Rs 2,000 in her current Paytm wallet, the same will reflect in her new Paytm Payments Bank wallet. Once Paytm launches the bank, you will be given an option to open a separate bank account. Anyone wishing to open an account will have to go through the mandatory know your customer (KYC) compliance that involves documentation such as Aadhaar and permanent account number (PAN). It does not mean that people with a Paytm wallet will automatically get an account with the new bank. Log in details, wallet balance and user experience will remain the same. Your Paytm wallet will work as it is, even after 15 January. The money in 160 million Paytm wallets will simply be transferred to Paytm Payments Bank on 15 January 2017. Paytm’s digital wallet will now be part of Paytm Payments Bank Ltd in keeping with the directions of RBI Paytm Payments Bank Ltd, an entity majority owned by One97 Communication founder Vijay Shekhar Sharma has received the final approval from the Reserve Bank of India on Jan 3 2017. Paytm, which is likely to launch with a pilot in parts of Uttar Pradesh, has already received investments of Rs220 crore from Sharma and One97. What will happen to PayTm wallets after Paytm becomes payment bank
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