Wallet KYC

byPaytm Editorial TeamLast Updated: August 19, 2025

Meaning

KYC stands for Know Your Customer. Wallet KYC is the process of verifying a user’s identity to use the full features of a digital wallet.

Process

Users provide Aadhaar, PAN, or other documents for verification, either online or in person.

Benefits

  • Enables higher transaction limits
  • Secure and regulated usage
  • Mandatory for wallet compliance

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Cooperative BankLast Updated: September 10, 2025

Meaning A Cooperative Bank is a financial institution owned and managed by its members to provide banking services…

UPI Payment ValidationLast Updated: October 21, 2025

Meaning UPI Payment Validation checks the transaction details, account information, and UPI PIN before approving a payment. Purpose…

Payment AggregatorLast Updated: August 12, 2025

Definition A Payment Aggregator is a service provider that enables merchants to accept various payment methods—like cards, UPI,…