Make cashless payment, send cashless money using Paytm eWallet

Go Cashless With Paytm eWallet And Send Money Easily

The recent demonetization move in India is a welcome decision from our PM. While I am in full support of the same, I also agree that there are problems arising from the same. Even I had to suffer a little because of this but I prefer using digital payment for any kind of financial transaction either small or big. In the past, Digital Payment may not have been feasible with local vendors who lack technical know how but that has all changed with eWallet.

What is eWallet?

To put it simply, eWallet refers to the digital wallet. eWallet is basically an online prepaid account where users can stock money and use it anytime as per their need. Having such online prepaid account makes it easier and quicker for buyers to buy a range of products from airline tickets to grocery without actually swiping a debit or credit card.

Below is a graphic explaining how an eWallet system works on websites which provide eWallet services to their customers.


eWallet offers several benefits. The best of all is the ease of use offered to the customers.

  • No need to enter debit/credit card details every time and heck no more delay with online payments.
  • No limitation as such. You can start with a minimum deposit of Rs.10.
  • No boundaries. Use all your money for your use or transfer it to your friends, family, etc..
  • No declines. Unlike other online payments which gets declined for any reason, eWallet transaction is never declined.

Paytm eWallet

Continuing with eWallet, let’s discuss about Paytm eWallet. Paytm is nothing new in the business. Most of the people are aware of the same especially smartphone owners who have been using Paytm app to deal with mobile recharges on the go. Paytm and mobile recharge is very synonymous. But Paytm is more than a mobile recharge. In my opinion, it is a powerhouse application with features par excellence. And now with the recent demonetization move, Paytm has become invaluable for users who have been dealing with cash crunch or payment issues both online and offline. Paytm eWallet is making life easy for most. While most of us know how to use Paytm eWallet, there still are a lot of people who are clueless about Paytm eWallet.

Let us see how to use Paytm eWallet in your daily life. We will see it all from the beginning to the end.

To get started with Paytm eWallet, you need to first download the Paytm app on your mobile device. You can download it easily from Google Play Store, Apple iTunes Store or Windows Store. Click on the graphical links below to download app from the respective app store.


Once you have downloaded the app, you can sign up for a Paytm account with your mobile no and email id (optional). Below listed is a step by step guide on how to sign up on Paytm once you have installed the app on your mobile device:

Click on the Paytm app icon after its installed on your device.
A splash screen will appear followed by a screen where you can choose your desired language.
Once you have chosen your desired language, you will be taken to the home screen where you can sign up for the Paytm eWallet by clicking on any of the icons shown on top under heading – Your Paytm Wallet is here!
Once you have clicked the icon, you will be taken to a new screen where you can see the option for signup.
Clicking on the signup button takes you to signup page where you need to fill in the details to complete the signup process.
Enter your mobile number which you want to register with Paytm eWallet. It is compulsory. Entering email id is optional. You can leave it. Choose a strong password and click on the signup button to complete the signup process. You will then receive a 6 digit verification code on your mobile device. This verification code needs to be provided to Paytm to verify your mobile number.
If you had provided your email id during the signup process, you will also receive confirmation message from Paytm on the same id.
This completes your overall signup process on Paytm.
* Please note that you can also signup using your facebook or google account.

After signing up, you can simply login to the app and get started with the Paytm eWallet from the main screen. On top of the home screen, you will see all available options to use your eWallet under heading – Your Paytm Wallet is here! You can start by adding money to your eWallet. Simply click on the icon with the text – Add Money and follow instructions to deposit money in your eWallet. You can deposit money from your bank account using debit/credit card details, net banking, etc..


How to add money to Paytm eWallet?


Once you have selected the option to add money to your eWallet, you are taken to the next screen where you enter the desired amount to be deposited in your Paytm eWallet. Simply fill in your amount detail here and click on Add Money to start adding money from your bank account using your debit/credit card, net banking, etc.. The deposited amount gets reflected in your Paytm eWallet instantly which then can be used to make payments or send money anytime to anyone having Paytm account.


Pay or Send Money Using Paytm eWallet

To get started with paying or sending money, click on the main screen icon with text – Pay. Once you click on the same, you are taken to the next screen where you see different option to pay or send money. The different options available are as follows:

  1. Scan Code – Pay money easily by scanning the Paytm QR code available at the merchant side. Very useful if you want to make payment at a local kirana store, petrol pumps, restaurants and more.
  2. Mobile No. – Send money easily by providing the mobile no. of the beneficiary. The beneficiary gets notified instantly when he/she receives money in Paytm eWallet.
  3. Show code – Make payment easily using OTP (One Time Password) or your own Paytm QR code at the merchant counter.
  4. Payment Request – See all your pending payments here.
Now, below is an example of sample payment made to a merchant named Omkar Singh Tak and Sons using Paytm eWallet.
To make the payment to the merchant, user clicks on Pay or Send icon on top of eWallet section of Paytm Home Screen
After clicking on the Payment icon, user scans the QR code belonging to the merchant Paytm Account.
Once the Paytm QR code is scanned, user then enters required amount to be paid to the merchant with an optional note describing the purpose of the payment.
After entering payment details, user then taps on “PAY” to make the desired payment. A confirmation message is sent to the user’s registered number once the transaction is completed. That’s it!

For a better understanding of how Paytm eWallet works, Check out this explanatory video from Paytm. You can also check out everything in detail here –

And the best of all, if you want to move all your money from Paytm to your bank account, it is also very possible. You can find this option under Paytm Passbook. You can transfer money from Paytm to your bank account and this bank account is same as the bank account from where you added money to your Paytm eWallet. Refunds can also done to your bank/card. So, you are never really stuck with Paytm. Instead, you feel free to use money as per your need!!

Paytm in Daily Life

Well, here you go. Paytm does make it look so simple. Now paying, sending or receiving money is as easy as 1, 2,3. Paytm has been truly revolutionary in offering new services, including debit cards, savings accounts, online banking and transfers, to enable a cashless economy. The feature-packed service lets you deal easily with your daily expenses in an efficient and secure manner. From mobile charges to utility payments, Paytm offers exemplary service for its users. I myself have been using it for the last 2-3 years and I am simply in praise of the same. While I have been using it mostly for mobile recharges, I have never been reluctant to try it for online shopping too especially for special offers provided by Paytm. And I am pretty satisfied. I am also thinking to give it a try for my electricity bill payment and even use it to book movie tickets and also bus tickets online. There are so many options to use Paytm in our daily life.

Download Paytm today!

Pin It on Pinterest