Day: May 10, 2018

What if you don’t complete your KYC for Paytm, and other wallets

What if you don’t complete your KYC for Paytm, and other wallets

Buzz
Paytm has clarified in a blog that users can continue to use the digital wallet app even without linking their Aadhaar or KYC process. "Paytm is also a commerce platform and we allow users to do any transaction using Credit Cards, Debit Cards, Net Banking & UPI in addition to Prepaid Wallet. Wallet is only required if you want to add money and spend from wallet," the company said in a new blog. How you can use Paytm without completing your KYC While Paytm highly recommends its users to link their Aadhaar with Paytm and complete KYC to unlock all features. Paytm users won't be able to use their Paytm wallets for sending money to others or to transfer money to a bank account. Digital wallet users after February 28 will have their limit reduced to Rs. 10,000 from Rs. 20,000 per m...