Transfer money from PayTm to other mobile wallet: Generally we are using paytm digital mobile wallet in our day to day life. When we need to add money, we are transfer or add money from our bank account. Do you think, when a senario, where I have a ecess money in PayTM wallet and need to add that money in other mobile wallet like Phonepay ot Mobikwik, etc. So, here we are go in detail about how to transfer money from PayTm to other mobile wallet? Like Momoe, PayUMoney, Mobikwik, Citrus, State Bank Buddy, Pockets by ICICI, HDFC Chillr, Freecharge.
Can we transfer money from one mobile wallet to another wallet? (eg paytm to freecharge)
How to add money in PhonePe from PayTM?
No, you cannot transfer money from PayTm to other mobile wallet as wallets are not inter operable i.e. according to RBI guidelines you cannot transfer from one wallet to another.
RBI will also decide on the interchange fees between the wallets for them to be able to access the UPI framework, they said, declining to be identified.
The RBI is very seriously looking at the permission to allow the difference between the opening of the UPA structure and in turn, between the pockets and should be able to be active in 2-3 months
“one of them said. Digital wallets can currently access the UPI network through partner banks to facilitate bank-to-bank money transfers.
Allowing direct access will mean that a PhonePe or a MobiKwik user will be able to send money directly to, say, a merchant with a Paytm or a FreeCharge digi ..
Although digital purses are used more and more widely, the UPI, which currently allows the transfer of money in banks, is part of the government’s efforts to convert the government into a digital economy as part of the government’s high-decible campaign Due to the popularity is achieved. The government is promoting a base-based payment platform and using another QR code is another tool for transactions.
Follow the steps for transfer money from one mobile wallet to another wallet:
Step 1: You’ll need a Paytm account in which your so called cashback is stuck, a registered mobile to login with a mobile phone or laptop in Paytm.
Step 2: Just Click on “Transfer Money to Bank” option as shown in the below screenshot.
Step 3: Fill in the account holder name and account number with respective amount you wish to transfer.
Step 4: Select the bank, state, city and branch or if you know the IFSC code manually type in the code in there(This is very convenient) and Submit.
Step 4: Click “Send Money”.
Step 5: Enjoy your money back into your bank.
Step 6 : Add Money to other Wallet Enjoy…..
Know more about Digital Wallet services,
- Paytm: A to Z Information about popular digital wallet in India at one place.
- Download BHIM App: Aadhar Pay App Launch by PM for E-Payments.
- How to Start Online Business? E-Commerce Business Ideas and Inventory.
- How to Transfer Money Online without Internet Banking: Use UPI or USSD.
- How to Check Bank Account Balance on Mobile Phone with USSD code.
So, friends, this is all about transfer money from PayTm to other mobile wallet. Hope, this information will help your inquiry. And stay tune with use for time to time updates on this subject form our team!