Once the payment is successful, you will also receive a SMS from the bank confirming the deduction. And the payable amount which was entered in the previous step will get deducted from your linked bank account. Here, you will be required to enter your UPI security PIN. It will then take you to the UPI interface.
Here, specify the amount and choose the option to pay through the UPI-linked bank account. So, once the scanner detects the QR Code, you will be prompted to the payment page. The steps, which you need to follow to launch the scanner are similar to the one mentioned above (payment by scanning the Paytm QR Code). You can also make UPI payments through Paytm by scanning a UPI Code. Please note that even if you don’t have sufficient balance in your wallet, you will be prompted to add money during the transaction without navigating away. Once you pay, the respective amount will be deducted from your wallet. This way you can easily make a payment through Paytm at your local grocery shop, petrol pumps, restaurants, and other areas. Plus, you will also receive an instant message on your phone once the transaction is complete. Once the transaction is successful, you will receive a confirmation on the screen. You can also add comments, if any, which is optional. Here, you will be able to see the merchant detail (probably the name).ĥ. Once the scanner detects the QR Code, you will be landed on the payment page.
Now, bring the scanner close to the QR Code provided by the merchant.Ĥ. Now, tap on the Pay or Send option in the left hand corner.ģ. So, in order to pay for the items you bought through the store, you need to follow some simple steps:ġ. And the store accepts payments through Paytm. Once done, you can pay by either of the two methods: a. You can recharge it through traditional methods such as credit card/ debit card or net banking. In this section we will detail on all the ways.īut before you make a transaction, you should have sufficient balance in your Paytm wallet. And there are multiple ways through which you can make a transaction. Through Paytm, you can send and receive money easily. In this article, we will tell you all you need to know about QR Code payments through Paytm.
You must have made a transaction using Paytm in grocery stores, shopping malls, or to pay for your Uber ride.īesides, with the app, you can shop at Paytm mall, buy air and train tickets, book movie shows, and do loads of other things. It provides cashless payments in a safe and secure environment. And they are facilitated by various apps such as Paytm, PhonePe, and Google Pay.Īmong all, Paytm is the most widely used app for QR Code payments in India. QR Code-based payments are quick, easy, secure, and reliable. One of the most popular applications is the use of QR Codes in payments. These 2D barcodes can easily be scanned via a smartphone and are thus becoming increasingly popular. SoftBank's Vision Fund is cutting its stake by 2.5 percentage points to 16% with a 16.89 billion rupee share sale.QR Codes today are being used across industries and for diverse use cases. Ant Group, which had a 28% holding in Paytm, is selling shares worth 47.04 billion rupees and will be left with a 23% stake. Marquee investors are trimming their stakes via the IPO.
They are not looking for one day gains," said Arun Kejriwal, founder of an independent research firm. "Qualified institutional buyers that have bought into the company know what they are investing in, they will not create panic on day one. Paytm is backed by big investors like Ant Group (688688.SS) and SoftBank's (9984.T) Vision Fund and its anchor investors included big names like BlackRock and Canada Pension Plan Investment Board. "Paytm's valuation is expensive but we think there will be some listing gains," Samsudeen said. Paytm, which offers a range of services from banking, shopping, movie and travel ticketing to gaming, is expected to make its debut on Indian bourses on Nov. The company, formally known as One97 Communications, which had already raised $1.1 billion from anchor investors, has received $2.64 billion worth of bids for the remaining 48.4 million shares on offer, or 1.89 times, according to stock exchange data published on Wednesday. "It was expected that Paytm would price the deal at the top-end as the company's anchor-allotment was oversubscribed by more than 10-times," said Shifara Samsudeen, Equity Analyst at LightStream Research, who publishes on research platform Smartkarma.