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Most of the people are not showing interest using Debit and Credit cards because of Frauds noticing everyday by cloning, hacking of credit card details etc.

New technology secures you from theft of credit card fraudulent. For credit or debit card holder’s new system developed where without using credit card online can buy or paying method made available. This facility introduced by ‘PayTM’ for their users.

This is a wallet type service available for Paytm users for new users on subscription to PAYTM using mobile number can avail this service. Nearly 5 thousand and more Paytm outlets are available across the country.

How PAYTM Wallet service works?
When user subscribes to Paytm wallet with mobile number can deposit cash amount in Paytm Wallet. Paytm wallet user can transfer money to any person or near dear who is also subscribed to paytm wallet service. For example to do safe transaction i.e transfer money from paytm account to other paytm account simply go to any Axis bank branch and deposit amount in Paytm account and transfer to any person or make shopping online or pay bills or buy traveling tickets etc.

In future Paytm is planning to increase its outlets from 50 thousand to 75 thousand, says company’s vice president Amit lokahita.

The customer by using this services Paytm not collecting any type charges for transactions it’s totally free of cost services for Paytm users.

Currently 8 crore users subscribed to paytm and nearly 7.5 crore transactions made per month, said lokahita. Bookmyshow, Makemytrip, Uber, Taxi for sure and other thousands of business enterprises accepting payments through paytm wallet.

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