How To Transfer Money From Paytm Wallet To Google Pay [ Hints ]

how to transfer money from my paytm wallet to google pay

Online payments platforms like Paytm, PayPal, Google Pay and many others, have made financial transactions feasible across the globe  due to their ability to be accessed through mobile phones.

In this article, we will be guiding you on; how to transfer money from Paytm wallet to Google pay, the importance of using the Paytm app, areas where you can use the paytm wallet and others.

It is important to note that it's not easy to transfer money from your Paytm wallet to Google pay wallet, since Google pay is an ewallet. However, you can Transfer Money From Paytm Wallet To a Bank Account that is linked to Paytm app and then from that bank account to google pay. But before you understand these steps, it will be wise to know what Paytm, Paytm wallet and Google pay are. 

What is meant by Paytm?

Paytm is an Indian digital payments and a financial services company which was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. This company is based in Noida, India.

Paytm stands for "Pay through mobile". It is a platform that enables its customers to send money instantaneously to other users using the paytm wallet at no cost. It also helps its users to pay bills such as utility bills, flight tickets, etc. It also enables it users to do online shopping right at the comfort of their homes.

This platform accepts cash from bank account, debit/credit cards, partners such as; Paypal, Bhim pay in to it wallet.

What is A Paytm Wallet?

Before we find out how to transfer money from Paytm wallet to Google pay, it might interest you to know what paytm wallet is and how it works.

Paytm wallet is a secure and RBI-approved digital/virtual wallet that can be used on your mobile  phone to meet up with your financial transactions. 

With this wallet, you can send money to your bank account or to another  user, as well as you can also withdraw money from your bank to the paytm wallet if your bank accept the paytm platform.Money in the Paytm wallet is like ready-to-use cash that you can access at any time and place.And can be used to pay utility payments (such as electric bills), flight tickets, online shopping through paytm Mall, and many other things.

What Does Google Pay mean?

Google Pay is a mobile payment service developed by Google that enables consumers to make online payments by powering in-app, online, and in-person contactless purchases on mobile devices. Users can authenticate through their PIN, passcode or biometrics such as 3D face scanning or fingerprint recognition.

Can I Transfer Money from Paytm Wallet to Google Pay?

Yes, you can transfer money from Paytm wallet to Google Pay indirectly. Firstly, you have to transfer the money from Paytm to bank account and then from bank account to Google Pay. 

To transfer money from your Paytm wallet to your Google pay account, you have to first transfer the money from Paytm to a bank account that is link to Google Pay and Paytm. To do this, please follow the steps below.

  1. Open the Paytm app on your mobile device.
  2. Go to the bottom menu and tab on the "Passbook" option.
  3. Many options will appear but select "Paytm Wallet"
  4. Tap on the " Send Money To Bank" option
  5. Tap "Transfer"
  6. Enter the phone number or bank details you want to transfer the money to.
  7. Enter the amount of money you want to transfer
  8. Tap on the "Pay" or "Proceed" button.
  9. Confirm the details, and enter your Paytm wallet password or one-time password(OTP) to complete the transfer.

Note that a message will be send to you to led you know if the transfer was successful or not.

The steps and layout of the paytm app may vary depending on the version of Paytm and also the device that you are using. When the money is in the bank account, the next step is to transfer the money to google pay.

How to Transfer Money from Bank account to Google Pay

After sending the money to a linked bank account, the next step is to transfer the money from that account to google pay wallet. Follow the steps below;

  • Tap on the UPI(Unified Payment Interface) Money Transfer located on the top menu bar on Google pay
  • Type the UPI ID of the recipient's Google pay account which can be found on the google pay app home screen, which is just below the account name.
  • Enter the amount you want to transfer
  • All link bank accounts will be display. Click on the desired bank account 
  • Tap 'Top Pay" option 
  • Enter the UPI PIN of the bank account tap on the submit button at the bottom-right corner of the screen.
  • A message will be display on your phone screen confirming a successful or a failed transaction. 

What are the Benefits using A Paytm Wallet?

  1. It is safe and secure
  2. Easy and automatic refund of money to Paytm wallet at no cost in case of any product cancellation at a partner store.
  3. Permit bank transfers at any time at a nominal charge of  2.04% currently.
  4. Limit the use of credit cards and debit cards which can easily get missing.
  5. Paytm wallet offers cashbacks, rewards on most stores using paytm wallet.
  6. Less documents are required to upgrade the paytm wallet limit.

Can I link Paytm bank account to Google pay?

No, you cannot link a Paytm bank account to Google Pay. Google Pay only supports bank accounts from banks that are part of the Unified Payments Interface (UPI) in India. Paytm is not a UPI member bank, so its bank accounts cannot be linked to Google Pay.

However, you can use Paytm to make payments to Google Pay users. To do this, you will need to generate a UPI ID from Paytm and then use that ID to send money to the Google Pay user.

To generate a UPI ID from Paytm:

  1. Open the Paytm app and tap on your profile picture at the top left corner of the screen.
  2. Tap on "UPI & Linked Bank Accounts".
  3. Tap on "Generate UPI ID".
  4. Enter a UPI ID of your choice and tap on "Next".
  5. Confirm your UPI ID and tap on "Generate".

Once you have generated a UPI ID, you can use it to send money to Google Pay users by following these steps:

  • Open the Paytm app and tap on the "UPI" icon at the bottom of the screen.
  • Enter the UPI ID of the Google Pay user you want to send money to.
  • Enter the amount of money you want to send and tap on "Next".
  • Confirm the transaction and tap on "Send".

The Google Pay user will receive the money instantly.

Can I Receive International Payments on Paytm?

You have known how to transfer money from Paytm wallet to google pay  and now you are about to find out if you can accept international payments through your paytm wallet below.

Yes, Paytm wallet accepts payments outside India. Paytm All-In-One payment Gateway in India is regarded as the best payment  payment gateway in India that helps merchants accept payments from their international clients. If you have a registered business and aa valid website in India, you can receive international payments.Note that the Paytm App is applicable only to Indian markets. It can be use in the following options;
  • To transfer money to a bank account in India(abroad).
  • To pay for goods and services from Indian merchants
  • Use Paytm in conjunction with a third-party service like; TransferWise to be able to make payments to other countries. This app accepts payments from over 200 countries to India. 

Related post:

  1. How To Transfer Money From Bank Account To Cash App [Ultimate Guide
  2. What Methods Of Payment Does SHEIN Accept ;Google pay, PayPal, AfterPay or Cash App?

Final Thoughts on Transferring Money from Paytm wallet to Google Pay

Note that is it not easy to transfer money from your Paytm wallet to Google pay wallet, since google pay wallet is an ewallet. However, you can Transfer Money From Paytm Wallet To Bank Account that is linked to Paytm app and then to google pay.

To transfer money from Paytm wallet to your Google pay account, the follow steps above as directed.

Online money transfer platforms like Google pay and Paytm have make it easier to do online shopping and transactions at any point but the only limitation with paytm is that you can only used it for transactions that involved India.