Wallets · On request
Paytm
Paytm is the payment app of One97 Communications, launched in 2010 and one of the most installed in India: at checkout the payer is handed to the Paytm app, pays from the wallet balance or another instrument linked there and confirms, and the provider confirms instantly. The wallet is a prepaid instrument under the Reserve Bank of India's rules, there are no chargebacks, and the flow supports recurring charges and refunds.
Key facts
- Countries
- India
- Currencies
- INR
- Operations
- Pay-in · Recurring · Refund
- Settlement
- instant
- Chargebacks
- not possible
How a payment goes through
- 1The checkout opens the wallet app or shows its button
- 2The payer confirms in the app with a PIN or biometrics
- 3The wallet confirms the payment to the provider within seconds
- 4Webhook to the merchant; a refund goes back the same way
How a payment goes through
- The checkout offers Paytm and hands the payer to the app, or shows a QR code on a desktop.
- The payer confirms the amount in the Paytm app with a PIN or biometrics.
- The provider confirms instantly.
- Tranzify writes the result and calls the merchant’s webhook.
Paytm against UPI and cards
The Paytm balance sits in the app before the purchase, so a payment is a single confirmation with no bank in the loop at that moment: useful for small tickets, repeat purchases and payers who keep their spending money in the wallet.
| Paytm wallet | UPI | Cards | |
|---|---|---|---|
| Funds come from | a prepaid balance in the app | the bank account | a credit or debit line |
| Confirmation | instant | seconds | seconds, with 3-D Secure |
| Chargebacks | none | none | scheme rules |
| Recurring | yes, by the mandates the provider supports | yes, AutoPay mandates | yes |
| Limit | the RBI’s wallet limits | set by the app and the bank | per card |
Payouts and refunds
Payouts: no. Refunds: yes, full or partial, back to the payer’s wallet through the same provider. Recurring: yes, periodic charges within the mandate the payer approved.
Who uses it
E-commerce and retail, digital goods and gaming, delivery and on-demand services, education: small and repeat tickets where the wallet’s one-tap confirmation beats typing bank or card details.
How to connect
- 1Onboard with Tranzify and get your network, keys and back office.
- 2Enter your account with the provider in the terminal settings — Tranzify already speaks its API.
- 3Add routing rules: countries, currencies, amounts, BIN ranges, priorities and weights.
- 4Go live. Every payment, callback and retry is in the journal for five years.
Providers offering this method
Industries
Frequently asked questions
How is Paytm different from UPI?+
What are the wallet limits?+
Are payouts possible?+
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