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Paytm Allows Transfer of Money from M Wallet to Bank Account

Paytm the organisation known for providing commerce transactions over the mobile platform has announced expansion of its services to transfer money to Bank accounts. The service of transferring the amount from mobile wallet to bank account, inter-alia requires the user to be registered on paytm mobile wallet for at least 45 days and verify the email/ mobile number.

Thereafter, a minimum of Rs 2000/- has to be loaded at all times on paytm mobile wallet and any transaction of transferring money to bank account directly through paytm m-wallet platform should be a minimum of Rs 1000/-. The upper limit of transaction during a month is restricted to Rs 25,000/-and daily limit is capped at Rs 5,000/- . The paytm m-wallet is poised to be a game changer in the m-commerce market and gives the flexibility of providing numerous options to the user to spend money. Also about 50,000 outlets for retail users touching lives of 50,000 users is being rolled out as part of this.

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