Paytm now launch "Wallet UPI" | Full-KYC Paytm wallets can now make payments across all UPI QR codes

Now find ways to misuse it RIP paytm upi

drupal wrote:

Now find ways to misuse it RIP paytm upi

Means what

What's new in this ?? Or Am i missing something ??

Off topic - phone camera is dead so can't do paytm video kyc for full kyc

Will there be any issue if logged in on another device which already has other paytm account linked

Huh...new roads, new tricks... is it already live?

i am full kyc user. where to check for this wallet upi in app?

Agnivo007 wrote:

Huh...new roads, new tricks... is it already live?

Mostly Rupay card users get benefits

avgn wrote:

Off topic - phone camera is dead so can't do paytm video kyc for full kyc

Will there be any issue if logged in on another device which already has other paytm account linked

Set up your account under the Work Profile (Island app). Since A10+ apps can no longer easily access unique device identifiers. I am no longer using App Cloner to randomize device parameters. 

LIMBO wrote:

Set up your account under the Work Profile (Island app). Since A10+ apps can no longer easily access unique device identifiers. I am no longer using App Cloner to randomize device parameters. 

The other device is Android 8

avgn wrote:
The other device is Android 8

Oh. App Cloner is rather expensive nowadays. I never got the option to do video KYC. Instead had to visit an offline center. The third one I tried was finally free of cost. 

avgn wrote:

Off topic - phone camera is dead so can't do paytm video kyc for full kyc

Will there be any issue if logged in on another device which already has other paytm account linked

No one can do paytm full kyc anyway until rbi lifts its ban on paytm payments bank.
@LIMBO

LIMBO wrote:

Oh. App Cloner is rather expensive nowadays. I never got the option to do video KYC. Instead had to visit an offline center. The third one I tried was finally free of cost. 

So is it like officially there's no charge but stores are free to charge. And how much were the stores asking

guest_999 wrote:
No one can do paytm full kyc anyway until rbi lifts its ban on paytm payments bank.
@LIMBO

I did Aadhaar verification and it took me till video kyc , didn't give any such message

avgn wrote:

So is it like officially there's no charge but stores are free to charge. And how much were the stores asking

The first one had the audacity to demand Rs 200. The 2nd one Rs 50. The third didn't charge anything. After the first one I called ahead instead of wasting my time unnecessarily. 

guest_999 wrote:
No one can do paytm full kyc anyway until rbi lifts its ban on paytm payments bank.
@LIMBO

I saw some thread

RBI provides green signal for onboarding payment bank

Google it for more information

I completed full KYC last year. And while the verification is on the lines of opening a Paytm Payments Bank account it wasn't actually activated. I did it myself a month or two later cuz why not? 

P.S. Afterwards Paytm sends a letter to the address mentioned in Aadhaar containing a QR code which has to be scanned in the concerned Paytm app. So no way out I guess. @avgn Which device by the way? 

avgn wrote:

I did Aadhaar verification and it took me till video kyc , didn't give any such message

RBI placed a ban on paytm payments bank last year in march & till now there is no news of rbi lifting it.
https://rbi.org.in/scripts/BS_PressReleaseDispl...

avgn wrote:

I did Aadhaar verification and it took me till video kyc , didn't give any such message

The ban is regarding onboarding of new customers to paytm payments bank but not other paytm services & some members here mentioned paytm opened their demat acc/postpaid acc after video kyc so don't even attempt it.

@LIMBO

guest_999 wrote:
RBI placed a ban on paytm payments bank last year in march & till now there is no news of rbi lifting it.
https://rbi.org.in/scripts/BS_PressReleaseDispl...

https://www.google.com/amp/s/www.businesstoday....

dlhntr wrote:
https://www.google.com/amp/s/www.businesstoday....

That is license for payment aggregator(in simple terms, payment gateway), nothing to do with paytm payments bank.

guest_999 wrote:

The ban is regarding onboarding of new customers to paytm payments bank but not other paytm services & some members here mentioned paytm opened their demat acc/postpaid acc after video kyc so don't even attempt it.

@LIMBO

Yes that risk is there but don't know if somehow the customers themselves provided consent in some way or there are loopholes which the agent can use. Their FAQ says without otp bank account can't be opened

LIMBO wrote:

I completed full KYC last year. And while the verification is on the lines of opening a Paytm Payments Bank account it wasn't actually activated. I did it myself a month or two later cuz why not? 

P.S. Afterwards Paytm sends a letter to the address mentioned in Aadhaar containing a QR code which has to be scanned in the concerned Paytm app. So no way out I guess. @avgn Which device by the way? 

OP6

I think that QR code scan can be done from gallery if not wrong

avgn wrote:
Yes that risk is there but don't know if somehow the customers themselves provided consent in some way or there are loopholes which the agent can use. Their FAQ says without otp bank account can't be opened

It is RBI ban which is very clear, no onboarding of new customers to paytm payments bank without rbi approval so even if by mistake paytm does full kyc for someone new & open their paytm bank acc then they are violating the rbi ban. Maybe they can do full kyc only for the wallet but then again I have yet to see a paytm customer with full kyc wallet but no paytm bank acc.
@LIMBO

avgn wrote:
Yes that risk is there but don't know if somehow the customers themselves provided consent in some way or there are loopholes which the agent can use. Their FAQ says without otp bank account can't be opened

Yes. That's how it proceeded in my case. Even after KYC was complete PPB account wasn't opened automatically. Although the verification messages and all mentioned clearly about the same. 

avgn wrote:

OP6

I think that QR code scan can be done from gallery if not wrong

I don't remember.

thread is hijacked😄

@guest_999 I'm one without any tied strings like Paytm bank account, demat, whatever else but only a full kyc wallet... Maybe it was around September 22 I did full kyc, asked their online agent not to open other stuff and they double confirmed that only wallet kyc for you...

Agnivo007 wrote:

@guest_999 I'm one without any tied strings like Paytm bank account, demat, whatever else but only a full kyc wallet... Maybe it was around September 22 I did full kyc, asked their online agent not to open other stuff and they double confirmed that only wallet kyc for you...

Were you an existing user of paytm wallet(min kyc) before that?

guest_999 wrote:
Were you an existing user of paytm wallet(min kyc) before that?

Very old account, yes min kyc... I don't use multiple accounts. I saw many such popular wallets of today launch and grow to as they are now... Such old accounts.