Digital Indian Gov

How To Use Paytm Postpaid Money To Wallet (In Hindi) – Paytm Postpaid Services has been initially launched on 4th January 2019. According to Paytm Terms and Conditions, only very few Paytm Users will be able to use this service or eligible for it.

Later, a credit limit of Rs. 60,000 can be paid next month. Using Paytm Postpaid money is extremely simple. But, first of all, you will have to confirm that either you’re eligible for this or not? Initially, you will have to set your passcode to start using Paytm Postpaid. msnTarGet.com

Step 1: Login to Paytm App.

Step 2: Go to Security and Settings under profile.

Step 3: Click on Set Passcode/ Change Passcode

Step 4: Set Your Passcode. soas.in

1. Check Paytm Postpaid: Go to Profile, Click onPaytm Postpaid.

2. Two Step Application Process: Provide Aadhar & PAN Details. Fun2Ind.com

3. Get your Spends Limit: Based on your Paytm Purchases.

4. Shop Anytime Anywhere: Choose Paytm Postpaid as Payment Mode.

5. View Purchases in Passbook: All your Paytm Postpaid orders will be visible in Passbook.

6. Pay by 15th Next Month: Repay using Wallet, Debit Cards & Netbanking.

A payment gateway is a software application that payment service providers use to process payments or online purchases. MobAsk.com

Originating on a merchants website. It acts as an interface between the merchant’s website and a payment processing bank known as an acquirer. msnTarGet.com

Generally, a gateway can be used for many types of payment methods but for the purpose of this guide on msnTarGet.com media, we will solely focus on online credit card payment.

The gateway encrypts sensitive credit card details to ensure that information is passed securely between the customer, the merchant and the acquiring bank. MobAsk.com

When a customer purchases a product or service on a website that is connected to a payment gateway, the gateway performs a variety of tasks to process the transaction. soas.in

Once the customer places their order on the merchant website they choose to check out or pay and are then redirected to a payment page to enter their credit card details.

If the merchant is fully compliant with the necessary security standards, the payment page can be generated on the merchant servers and the cart information collected and passed on to the payment application in a secure way. Fun2Ind.com

The payment page can also be generated by the payment gateway application itself. And information can be collected there. Either way, the card and transaction details are gathered and stored on the secure surface of the payment gateway.

From there, the payment gateway processes the transaction and sends all information to the issuing bank for approval via the acquirer and the relevant card scheme. msnTarGet.com

Once the payment has been confirmed by the card schemes, the payment gateway sends the approved transaction bank to the merchant’s website and then the merchant informs the customer that the purchase has been successfully completed.

Of course, the payment performs a lot of other tasks as well, but when it comes to credit card payments, these are the main steps to processing a transaction. Cable ease of this entire process only takes around three seconds. MobAsk.com

It took us about ten times the amount of time to explain it to you. Payment gateways add a whole lot of value throughout this process. Here are some of the key features.

A payment gateway is the most common way for a merchant to connect to the payment system. Only the largest merchants are able to connect to an acquiring bank directly. Gateway transaction fees are very small compare to the advantages they offer in helping a merchant connect to an acquirer, manage the business and control the risks associated with accepting online payments. Fun2Ind.com

A good payment gateway will provide the merchant with many customizable reporting options which help the merchant to manage their business. A good payment gateway will be able to get connected and able to process many different payment methods that may not yet be offered by the merchant. A merchant pay has its own highly secured PCI DSS level 1 compliant gateway.

You need to stay update today to all the changes in the payments environment to grow sales in the right manner. There are three new technologies everyone is talking about – EMV Chip Card, Apply Pay and Nearfield Communication (NFC).

EMV stands for Euro Card, Master Card and Visa and this is the gold standard for payment transaction processing. Coming to the US in 2015, EMV chip cards of a small microchip embedded improving security by making a harder to use cards fraudulently.

Instead of a cashier swiping a credit or debit card, the customer will either dip the card into an EVM slot or top the card on the sales terminal. In 2014, credit card fraud losses topped 10 billion US dollars. In typically the card issuer was held responsible. But on October 1st, 2015, everything changes. soas.in

The risk and liability are going to shift to the merchants if they are not set up to accept EMV transactions. Fraudulent Chip Transactions on non-EMV compliant terminals will put merchants business and reputations at risk. MobAsk.com

So, by embracing EMV Chip Card Technology, they will be protecting their business from this liability and their customers will feel more secure about doing business with them. To become compliant, the merchant will need to make hardware changes as most terminals used currently are not ready for EMV payments.

Apply Pay is Apple’s mobile wallet which combines the simplicity of mobile payments with the confidence of keeping your personal information secure. It allows consumers with certain iOS devices to store the credit card or debit card details securely in digital form.

And, then use these devices to make in-store in-app or e-commerce purchases effectively replacing plastic credit cards. Instead of physically taking your credit card out and handing it to a stranger in a store or restaurant, Apple Pay enables contactless payments by tapping a couple of times and hovering the phone to your designated register screen for one or two seconds. Fun2Ind.com

To accept Apple Pay in a store, a merchant needs an NFC capable device and thanks to an encryption system that creates a designated code for each user’s credit card. Merchants actually never get the customer credit card number. Just the encryption code necessary to complete the transaction. msnTarGet.com

Those safeguards along with apple fingerprint identification make apply face safer and more secure than traditional payment methods. Near Field Communication or NFC is a set of standards for smartphones mobile devices to establish radio communication with each other by touching them together or bringing them no more than a few inches apart.

Here’s how it works in a retail store example. The customer wants to pay with their mobile wallet stored in their smartphone. Tapping the phone makes it the initiator device that uses a current to create a radio frequency in turn.

That powers a passive target such as the retailer’s NFC enabled terminal that will accept payment. MobAsk.com

The smartphone in the terminal effectively talks to each other to exchange information securely about a transaction. This technology is widely embraced among millennials as it enables contactless payments from a mobile device.

That is significant because of the added convenience and security of payments. So, what does all this mean to the sales agent?

Where there are big changes there are always great opportunities. Most important thing is to start calling business owners and highlight the benefits of switching to EMV chip card. soas.in

Apple Pay and NFC ready terminals to prevent the shift of liability to them reduce counterfeit fraud, increase security, increase revenue through acceptance of international visitors cards and support the way customers want to pay. Better yet, a great way to start the dialogue with merchants about EMV and Apply Pay acceptance is a free terminal programme.

This will allow you to bring up the big talking points for 2015. If you don’t, someone else will. If having any questions regarding How To Use Paytm Postpaid Money To Wallet (In Hindi), do let us know in the comment box below.

With the KYC deadline passed, the digital wallets in India are now facing an uphill task to retain users. As per a recent report, 8 out of 10 mobile wallet users are using a mobile wallet without completing the KYC process. On the other hand, digital payment transactions are estimated to be worth Rs 12,568 crore in the country at the moment, and Paytm has been a major contributor. UPI has played a major role in making money transfers simple and easy. The recent integration of UPI into Paytm Wallet has worked wonders for both UPI and Paytm. Previously, the Flipkart-owned PhonePe had the major share in UPI transactions, and later Google claimed its payments platform Tez was the largest contributor to UPI transactions. But now with the Paytm-UPI integration, country’s largest digital payments company has taken the lead.
Paytm & UPI The total transaction volume rose to 51 million in January and has now touched 68 million in the last month. Paytm, in just within two months of the full rollout of UPI-based payments in its app, has overtaken Flipkart’s PhonePe, Google Tez and government’s BHIM app. Paytm now supports all UPI payments and has driven the overall growth in UPI transactions over the past two months to take the first spot. This rapid growth of UPI transactions on Paytm has been possible due to its vast user base, wide acceptability and multiple functionalities. Paytm has launched its own UPI IDs called Paytm UPI IDs. The Paytm UPI IDs are accepted across all the banks and BHIM UPI. Being the largest mobile payments ecosystem in the country, Paytm has successfully used UPI to make money transfers simple and more convenient.
Paytm’s Physical ATM-cum-Debit Card Paytm initially launched its Virtual Debit Card with Paytm Payments Bank, which can be used like any other debit or credit card, but is only limited to online transactions. The virtual debit card has all the required details such as the name of the account holder, 16 digit card number, expiry date and CVV. But now, Paytm has launched its own physical ATM-cum-Debit card. Users can now order a physical debit card of their own. Firstly, you need to have a Paytm Payments Bank account to get a physical debit card. If you are already an account holder, you can follow the steps to order a Paytm ATM-cum-Debit card of your own;
Step 1 Update the Paytm app to the recent version (6.6.1). Open the app, and tap on the ‘Bank’ icon on the bottom, at the right corner.
Step 2 On the Bank page, you will have your virtual debit card, Savings Account details and more. Now scroll down, and you will get to see the Debit & ATM Card option. Once you tap on it, you will see a “Request For Card” option
Step 3 After clicking on “Request For Card”, you will see a page with your card details. You need to fill in the delivery address and tap on “Proceed to Pay Rs. 120“.
Step 4 Paytm will deliver the physical debit card to your address in a few days time. After you receive the card, you need to scan the QR code on your card from the Paytm app.
Step 5 Paytm will fetch all the details from the QR code. To activate the card, you need to go to Debit & ATM Card option again and click on “Activate Your Card” and create a PIN number.
Paytm ATM-cum-Debit Card – Uses & Charges You can use the Rupay powered Paytm ATM-cum-Debit Card like a regular debit card, starting from withdrawing money from ATM to paying at any POS. The Paytm ATM-cum-Debit card can do everything a normal Debit card does. For now, cash can be withdrawn from any bank’s ATM in any of the metro cities (Mumbai, New Delhi, Chennai, Bengaluru, Kolkata and Hyderabad). The first three withdrawals in a month are free, while for the additional transactions, users will be charged Rs 20/- per transaction and Rs 5/- per Mini Statement, Balance Check or PIN Change. Amidst the KYC struggle, the Alibaba-SoftBank backed company has planned a $500 million investment for KYC operations. Paytm will set up KYC centres across the country to complete KYC for customers and make them eligible for a Paytm Payments Bank account.