KYC and Paytm: Focus Shift from Wallet to UPI

It is important to note that Paytm Wallet operations are no longer available, making the former Wallet KYC requirements irrelevant for new transactions.

For users engaging in UPI (Unified Payments Interface) transactions on the Paytm platform, the rules are simpler:

UPI Transactions on Paytm DO NOT Require Full KYC

• Full KYC is NOT mandatory for UPI transactions on Paytm.

• UPI works by directly linking your verified bank account to the Paytm app. A basic KYC verification is usually completed during your bank account opening process and a one-time verification is done when you link it to Paytm.

• Once this bank account is verified, you can send money via Paytm instantly using UPI without completing full KYC.