1. USE OF PAYTM FOR CASHLESS TRANSACTIONSBy
Abhijeet Balasaheb Naik
Deputy Collector
CPTP-4 (2017)
Yashada, Pune

2. Why Cashless Transactions?
1) Money can be traced to the last penny
2) Reduction in generation and use of Black Money
3) Safety of money
4) Systematic record of transactions

3. Types of Cashless Transactions
Using Debit Cards
Using Credit Cards
Using Internet Banking
Using Mobile Banking
Mobile Wallets

4. What is Paytm Wallet? Paytm stands for “Pay Through Mobile”
Paytm Wallet is a digital wallet or a mobile wallet, designed to make and receive payments digitally
Brief History: Started by Vijay Shekhar Sharma of
One97 Communication Limited in 2010
Objectives: 1) To get rid of cash transactions
2) To make/receive payments on the go

5. Why Paytm Wallet? Simple and user-friendly
Highly secure– use 128-bit encryption technology
Cashback offers
discounts
Extraordinary offers to win gadgets and other products

6. Uses of Paytm Services Details Recharge
Data Cards, DTH, Cable, Metro Cards, Prepaid Mobile Connections
Bill Payments
Electricity, Water, Gas, Broadband, Landline, Post-Paid Mobile Connections
Ticket Booking
Hotel Rooms, Movies, Flights, Trains Tickets, Bus Tickets
e-Commerce
Purchase of products like electronics, home appliances, fashionware
Offline Payments
Useful for merchants
Money Transfer
To Bank Account or Paytm Account
Cashless Rides
Uber, Ola

8. Registering with Paytm
Stages Involved in Registration
Step 1 : Download Paytm App
Step 2 : Registration using Mobile Number and
by clicking ‘sing up’. Password selection.
Step 3 : Verification using OTP Code
Step 4 : KYC Documents– Physical and e-KYC

9. Adding Money to Paytm Wallet
Modes of Adding Money
Using Internet Banking
Using Debit Cards
Using Credit Cards
Using Cash Deposits through Various Partners and Selected Banks

11. Adding Money to Paytm Step 1 : ‘Log In’ using Password
Step 2 : Click on ‘Add Money’ and enter amount. Then
click on ‘Continue’
Step 3 : Select ‘Source of Money’ like internet banking, debit
cards, credit card etc and add details. It take us to
secured payment page depending on source. Then
follow the instructions

12. Sending Money using Paytm to another Paytm
Step 1 : Open Paytm Wallet using Mobile App
Step 2 : Click on ‘Pay’ or ‘Send’ icon
Step 3 : Click on ‘Mobile Number’ and enter mobile number of beneficiary. It can be manual or from Address Book
Step 4 : Enter the ‘Amount’ to be transferred
Step 5 : details of payment (optional)
Step 6 : Click on ‘Send’ button. Money will be sent.
In case of insufficient balance, Paytm give option to ‘Add’ money.

13. Transferring Money using Paytm to Bank Account
Step 1 : Open Paytm Wallet using Mobile App
Step 2 : Click on ‘Pay’ or ‘Send’ icon
Step 3 : Click on ‘Send to Bank’. New window opens
Step 4 : Enter bank account number, IFS Code and
other details of beneficiary.
Step 4 : Enter the ‘Amount’ to be transferred
Step 5 : details of payment (optional)
Step 6 : Click on ‘Send’ button. Money will be sent.
In case of insufficient balance, Paytm give option to ‘Add’ money.

14. Recharging Mobile using Paytm
Step 1 : Click on ‘Recharge or Pay Bills for’ and select ‘Mobile Prepaid’
Step 2 : Enter the mobile number to be recharged
Step 3 : Select ‘Mobile Operator’ like Airtel, Vodafone
Step 4 : Enter the recharge amount
Step 5 : Click on ‘Proceed to Recharge’
Step 6 : Read ‘Payment Success’ message

16. Thank You