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

AutoPayLast Updated: July 31, 2025

Definition AutoPay is a feature that allows users to set up automatic, recurring payments for bills, subscriptions, EMIs,…

Aadhaar-based UPILast Updated: July 11, 2025

Definition Aadhaar-based UPI allows users to send or receive money using their Aadhaar number linked to a bank…

E-MandateLast Updated: August 12, 2025

Definition E-Mandate is an electronic authorization that allows businesses or banks to automatically debit a customer’s bank account…

UPI AutoPayLast Updated: July 16, 2025

Meaning and Definition UPI AutoPay is a feature that allows users to set up recurring payments through UPI.…