Paytm Wallet UPI launched

[Abhishek012]

Paytm Wallet UPI launched:

Activate wallet upi and do any upi/scan n pay transaction using paytm wallet upi for free.

UPI handle - "@paytmwallet"

 

[quino]

I dnt know why Paytm and Amazon like Wallets are not added in-app UPI PIN verification for every Wallet UPI transactions.

so, just to confirm a 10k UPI transaction using paytm wallet balance can be done after 48hrs, without pin?

 

[Abhishek012]

so, just to confirm a 10k UPI transaction using paytm wallet balance can be done after 48hrs, without pin?

Yes . .

 

[quino]

Yes . .

F**k. how is npci allowing this? this behaviour should be violating some or the other guidelines they set for upi, right?

 

[Abhishek012]

F**k. how is npci allowing this? this behaviour should be violating some or the other guidelines they set for upi, right?

I dnt find any proper guidelines for Wallet UPI but ya they should implement in-app UPI PIN option for Wallet UPI.

 

[quino]

I dnt find any proper guidelines for Wallet UPI but ya they should implement in-app UPI PIN option for Wallet UPI.

the source of funds wouldn't be differentiated in the guidelines. just that the pin should be there for every transaction

 

[D₹V]

Kal subah hi post karne wala tha par 🤭

 

[sv004]

I m not getting this option . Only wallet transit card ka option aa rha hai

 

[deep@vie]

which is what my original question was. but i don't think it'll have a limit. cuz at the time of activation of the paytm wallet upi, it didn't ask to set a pin. and obviously our normal bank pin won't be used here too.

Wallet also has a pin,when I pay a credit card bill it asks for it.
There's a certain limit, I'm not sure what it's but for small bills it doesn't ask for it.

 

[deep@vie]

I m not getting this option . Only wallet transit card ka option aa rha hai

I got & activated it.I guess they're rolling it out in phases, please update you app if it's not updated or kyc if it's not full KYC account.

 

[787]

I m not getting this option . Only wallet transit card ka option aa rha hai

same here .

 

[quino]

Wallet also has a pin,when I pay a credit card bill it asks for it.
There's a certain limit, I'm not sure what it's but for small bills it doesn't ask for it.

how much was the cc bill amount roughly?

also, what would be the pin? is it the same as the bank account upi pin?

 

[deep@vie]

how much was the cc bill amount roughly?

also, what would be the pin? is it the same as the bank account upi pin?

Yes, bank account one only.
Generally if it's above thousand it asks for it.

 

[coolanshu1000]

for clean passbook, you can always have a separate payment bank acct like NSDL for UPI payments.

Using NDSL payment bank account? How is the day to day usage, Frequency of server Downtimes/ txn failure rates ? Thinking of opening one with them...

 

[pothi]

Using NDSL payment bank account? How is the day to day usage, Frequency of server Downtimes/ txn failure rates ? Thinking of opening one with them...

Consider it as a tiny bank account for minor payments such as UPI. Avoid using it to pay in lakhs. Accounts are frozen in the past when high value transactions were carried out within a few days of opening the account. For high value txns, use a real / physical bank. NSDL operates completely virtual. As long as you know what you are doing, there is no need to be concerned about the freeze.

Otherwise, there is no bank with 100% uptime and 0% failure rates. Shit happens, even if RBI / NPCI runs its own bank.

 

[panchabhut]

Using NDSL payment bank account? How is the day to day usage, Frequency of server Downtimes/ txn failure rates ? Thinking of opening one with them...

I use it regularly for small value payments (if CC-UPI has been disabled by merchant) and for friday offers. Not faced any issue so far. Never kept more than 5K bal.

 

[coolanshu1000]

I use it regularly for small value payments (if CC-UPI has been disabled by merchant) and for friday offers. Not faced any issue so far. Never kept more than 5K bal.

What are the monthly/ annual charges incurred in maintaining account with them?

 

[pothi]

Monthly: RS.5 + GST. See...

https://nsdlbank.com/advantage_saving_account.php#general_charges

 

[yobro]

how is it different from Paytm UPI? And what extra benefits does it give??

This is useful for those who don't have bank accounts. On 19th Dec 2023 I opened my 1st bank account of life before that I used Paytm wallet.
Problem with wallet was if wallet is of Paytm it can only scan Paytm QR code and same goes with other wallets like phonepe, mobiquik, payzapp etc.
But after launch of wallet upi U can use wallet as upi that means you can scan any qr u want.

 

[Strange]

This is useful for those who don't have bank accounts. On 19th Dec 2023 I opened my 1st bank account of life before that I used Paytm wallet.
Problem with wallet was if wallet is of Paytm it can only scan Paytm QR code and same goes with other wallets like phonepe, mobiquik, payzapp etc.
But after launch of wallet upi U can use wallet as upi that means you can scan any qr u want.

Is Paytm wallet on UPI working for you?

Those frauds debited ₹100 from my wallet citing extra credit in beneficiary account for paying using wallet on upi. They refunded the amount after raising the complaint and now wallet on UPI isn't working.

 

[yobro]

Is Paytm wallet on UPI working for you?

Those frauds debited ₹100 from my wallet citing extra credit in beneficiary account for paying using wallet on upi. They refunded the amount after raising the complaint and now wallet on UPI isn't working.

Unable to understand ur issue.
Please elaborate.