For Android users: How to send money internationally via Paytm
What's the story
Sending money internationally using Paytm on an Android device is a pretty simple task.
This guide will take you through the steps you need to take to make sure the transaction goes smooth.
Be it for family, friends, or business purposes, knowing the process can save you time and prevent mistakes.
With this step-by-step guide, you'll be able to easily navigate the Paytm app.
Account setup
Setting up your Paytm account
Before sending money internationally, ensure your Paytm account is properly set up.
Download the app from Google Play Store, if you haven't done it already.
Open the app and register with your mobile number and email address.
Verify your identity by submitting required documents as per local laws.
Once verified, link your bank account or card to enable transactions.
Transfer navigation
Navigating to international transfers
To initiate an international transfer with Paytm on your Android, first, open the app.
From the home screen, head straight to the "Send Money" option.
Here, look for the feature mentioning international transfers or remittances.
Selecting this will take you to the next step where you can provide details for your transaction.
This is critical for a seamless transfer experience.
Recipient information
Entering recipient details
Ensuring the recipient's details are accurate is vital for a successful transaction.
You have to enter the recipient's full name, their bank account number or IBAN, and the SWIFT/BIC code of their bank (when required).
It's important to double-check these details before you proceed.
Incorrect information can lead to transaction failures or unnecessary delays, complicating the process for both sender and receiver.
Transaction confirmation
Confirming transaction details
After filling in the recipient's details, double-check all transaction details.
This includes the amount in ₹ or $ equivalent according to currency conversion rates Paytm offers at that time.
Also, check any fees levied by the service provider. These may vary according to the destination country selected during the setup phase mentioned earlier.
Now, just so everyone knows what to do next.