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How To Activate Paytm Wallet Without KYC

🕐 1 Jul 23

How To Activate Paytm Wallet Without KYC

In this article we will show you the solution of how to activate Paytm wallet without KYC, the Central Bank of India's deadline for finishing the "Know Your Customer" (KYC) procedure for digital wallets passed on February 28.

As a result, clients may not be able to use all the features offered by e-wallets such as Paytm and MobiKwik, among others, as of March 1.

To take advantage of all the features offered by digital wallets, customers must complete their KYC, according to RBI requirements.

PPI players have been a significant contribution to realizing the Digital India promise, according to Charlie Lee, CEO of Balance Hero India, who spoke in an interview with Financial Express.

The existing restrictions, while futuristic, will have an immediate impact on both peer-to-peer and bank transactions and will take more time to completely absorb.

What happens next and how PPI customers can reactivate their wallets now that the deadline has passed are the questions that prepay wallet users who haven't finished their KYC are worrying about.

With the exception of cases in which the merchant establishments themselves have not fulfilled the KYC requirements, using the Paytm e-wallet in stores or other merchant establishments could be done just as previously using a QR code scanner.

Step By Step Guide On How To Activate Paytm Wallet Without KYC :-

  1. First from Play Store and App Store, download the Paytm app to your device.
  2. Start the app. Your phone number must be entered and confirmed with an OTP.
  3. You can move on to the next stage if you'd like the add your bank account. If not, select Skip in the top right corner to skip the procedure.
  4. On the main page, find and hit the Paytm Wallet icon.
  5. You must enter the data connected to the government identification documents provided on the screen.
  6. Select Activate My Wallet after selecting the checkbox indicating your acceptance of the Terms & Conditions.
  7. Your smartphone's Paytm Wallet has been successfully activated.

Conclusion :-

Paytm is a digital service & financial service firm with its headquarters in India.

Using the Paytm wallet, money transfers may be made instantaneously.

A digital wallet that can be used for all kinds of digital transactions is what the Paytm wallet is.

There are no fees associated with transactions made using the Paytm wallet.

Up to 10,000 can be added to your Paytm wallet each month. Without a bank account, you may activate our Paytm wallet in a matter of minutes.

I hope this article on how to activate Paytm wallet without KYC helps you and the steps and method mentioned above are easy to follow and implement.