Tuesday, March 6th, 2018


Paytm offers non-KYC users option to use gift vouchers

Paytm image

BENGALURU: Consumers can still load money into a Paytm wallet even if they haven’t completed their Know-Your-Consumer (KYC) formalities. Paytm appears to be working around the latest directive of the RBI for mandatory KYC, where users can load money into their accounts through gift vouchers on the platform. But these gift vouchers won’t let you send money to others or send it back to your bank accounts. They also come with an expiry date of one year — a standard practice among players issuing such vouchers. As reported by TOI, prepaid payment instrumentsRead More