The process to complete Paytm KYC verification online from home in 2021 | Paytm KYC online update with Aadhar: Reserve Bank of India (RBI) has issued an advisory regarding KYC verification of all the UPI apps in the form of e-wallets including Paytm, Mobikwik, PhonePe, etc early by February 28th, 2018.
The advisory has been issued by RBI following the directives by the Government of India to avoid fraudulent activities. As we all know that these e-wallets have nowadays become a part of our routine transaction activities including mobile recharge, online shopping, money transfer (wallet to wallet), money transfer (wallet to bank and vice versa) and other several transaction-related activities.
Paytm is one of the most widely used UPI apps in the smartphones of almost all Indian citizens who prefer digital transaction activities in comparison to the physical transaction.
Wallets have taken the form of e-wallets whose entire activities can simply be performed via an app inside our smartphones. Money is directly transferred to these e-wallets by the concerned customer via their bank accounts simply by adding a few details about the customer's account.
The transaction is extremely secured and encrypted and hence the transaction-related activities can be even be considered safer in comparison to physical transaction activities.