In this article, I will show you how to create a Paytm account in Pakistan. Unfortunately, as of my knowledge discontinuation in 2021, Paytm services are not available in Pakistan. Paytm is an Indian mobile payment and financial services company, primarily focused on the Indian market. But there is a way to create a Paytm account in Pakistan.
What Is A PAYTM?
Paytm, owned by One97 Communications Limited (OCL), is a digital payment platform that lets you deposit money into an integrated wallet through online banking, debit cards, credit cards, or even banks and select partners. By using cash in Paytm Wallet, you can pay for multiple items without using cash.
Transactions you can make on Paytm include cell phones, metro cards, DTH cables, data cards, etc., as well as cell phone bills, landline/broadband bills, and more. Electricity, water, gas, etc. Contains postpaid payments. Additionally, you can utilize the platform to purchase tickets for Uber Cabs as well as for buses, trains, flights, movies, hotels, and more. In addition, you can use Wallet to purchase goods on the company’s e-commerce platform and even make offline payments to over 800,000 merchants, Paytm claims.
PAYTM is a digital payment platform that enables you to seamlessly transfer money through online banking, debit, and credit cards or deposit money through a selection of eligible banks and partners. In case PAYTM is abused with cash, you will pay for various products without abusing yourself.
Pay your mobile phone, landline/broadband, electricity, water, and gas bills, etc. Such as mobile phones, rail system cards, DTH cables, data cards, etc. We will make religion in them. You will visually book tickets for buses, trains, flights, movies, extra rooms, etc., and pay for the abuse with the Ober Cab ride on the platform. According to PAYTM, it will buy products in case of abuse with the company’s e-commerce platform and will also pay offline to more than eight major merchants.
What is a Paytm Wallet?
As was already mentioned, Paytm Wallet is a digital payment tool that allows you to transfer funds from your bank account or credit card to use for platform transactions. You must send money to the wallet after creating a Paytm account using your cellphone number and email address. A KYC (Know Your Customer) processor can be obtained if you want to enhance the monthly limit from the maximum of Rs. 10,000 per month to Rs. With this, you can get up to Rs. 1 lakh at any moment in your Paytm Wallet.
Is Paytm Wallet safe?
Everyone is concerned about security when it comes to digital transactions, but Paytm, the RBI-approved wallet, claims to hold the money in its wallet in an “escrow account with a trusted bank”. Paytm uses 128-bit encryption technology that has been verified by Verisign, thus the secret key used in a transaction is a 128-bit sequence and does not reveal anything about the length or content of a password. The platform does not keep unencrypted credit card data because it is PCI DSS 2.0 certified.
What are some Paytm alternatives?
Others are not far behind Paytm, the major player in the field of digital payments. Other well-known names in this market include the FreeCharge owned by Snapdeal, MobiKwik, Ola Money, and PayUMoney, each with a unique selling point. Read our detailed analysis of the mobile wallets offered in India.
The market for digital payments witnessed $5.44 trillion in transaction value in 2020 and is projected to reach $11.29 trillion in transaction value by 2026, growing at a CAGR of 11.21% from 2021 to 2026. Paytm is the third-largest player in the Indian market for digital payments, behind PhonePe and Google Pay.
Paytm Founder Vijay Shekhar Sharma
Paytm was started by Vijay Shekhar Sharma, who also serves as CEO. Sharma is regarded as one of India’s top internet entrepreneurs. When his net worth was determined to be $1.3 billion in 2017, Forbes listed him as India’s youngest billionaire. The Paytm CEO has also been awarded the Yash Bharati, the state of Uttar Pradesh’s highest civilian distinction. Additionally, he was highlighted in Forbes 2020, which rated Sharma as the 62nd richest Indian.
According to its Linkedin site, Paytm presently has a staff of more than 10,000 people. As of July 22, 2022, Paytm has appointed Nakul Jain to the position of CEO of Paytm Payments Services Ltd. Praveen Sharma, who formerly served as the CEO of PPSL, will now oversee the business’s commercial division in addition to taking on some additional duties. According to Jain’s LinkedIn profile, he has been the MD and CEO of PPSL since April 2022. A division of Paytm, Paytm Payments Services Ltd., primarily assists the company in managing the payment gateway and payment aggregator segments.
How To Create Paytm Account In Pakistan
No, you cannot create a PAYTM account with a Pakistani phone number. But if you have Indian SIM, you can use PAYTM for data roaming. For this, you need the help of some of your relatives or friends in India. It is technically impossible to create a PAYTM account in Pakistan, but there is a way
- You can use someone (friend/family member) in India to access the Indian number and then you can use this number to create a PAYTM account. Of course, you won’t be able to verify your YC, but customers can use up to 10,000 transactions per month without YC.
- You can purchase a KYC Certified PayTm account with any service provider in Pakistan. But be sure to buy from a reputable seller, but I do not recommend buying an account.
Question.1 Is Paytm available in Pakistan?
Paytm is mainly available in India. However, people from some other countries can access this service. In Pakistan, you can download the app from Paytm’s official website and Google Play or App Store. But Paytm services are not available in Pakistan.
Question.2 What is the use of a Paytm account in Pakistan?
Paytm Wallet can be used for a variety of payment and financial services, including mobile recharges, utility bill payments, and payments to online and offline digital retail stores. Customers can load funds into their Paytm wallet as cash, bank transfer, or card. But Paytm services are not available in Pakistan.
Question.3 Can we transfer money from Paytm to Easypaisa or JazzCash?
You can transfer money from your Paytm wallet to other wallets as well as your wallet to your bank account for free.