Google Pay is a digital wallet or mobile paying platform. It is a payment processing system created by Google to enable in-app, online, and contactless transactions using mobile phones, allowing users to use their Android smartphones, tablets, or smartwatches to transfer money or for payments.
There is no hassle in using Google Pay, simply unlock your Android smartphone as usual (which also allows Google Pay to verify your purchase), then place it near a purchaser’s contactless terminal.
Google Pay safeguards personal payment information with several levels of protection and is one of the world’s most advanced security systems. For example, Google Pay does not reveal your real card details when you spend in shops.
Thus your information is kept safe. Did you know you can also transfer funds from your Google Pay account to your Paytm account? Follow the steps below to do the same.
Steps To Transfer Google Pay Balance To Paytm:
- Step 1: First of all, open your Google pay application. At the bottom-left corner of the screen, tap the New symbol.
- Step 2: Select UPI ID or QR on the following page. Then, on the pop-up box, hit UPI ID.
- Step 3: Enter the Paytm UPI ID of the account you would want to send money to. One can find their UPI ID on the Paytm app’s taskbar under the Bhim UPI tab.
- Step 4: Then press the Verify button. Then, to confirm, press OK. Finally, choose Pay from the drop-down menu.
- Step 5: Enter the money to be sent as well as a brief note describing the transfer’s purpose. Select the Tick Mark icon.
- Step 6: A list of connected bank accounts will appear. You can also add a new Bank Account. To pay, choose one of the options.
- Step 7: Enter the UPI PIN for the bank account you want to use. Press the Submit button.
- Step 8: It will show a transaction message and payment information of a successful transaction. If the transaction fails, the message Failed will appear.
Google Pay, was formerly known as Tez. Anyone could use Google Pay to transfer money to contacts, spend at restaurants, pay bills, recharge your phone, and accept money immediately to your bank account.
You could also use Google Pay to transfer money from your existing bank account to e-wallets or digital wallets like Paytm, Amazon Pay, and many others.