One of India's biggest payments and wallet brands, covering UPI QR payments, transfers, bills, recharges and ticketing. For foreigners the practical entry point is NPCI's UPI One World prepaid wallet rather than Paytm's own full-KYC wallet.
!Not a bank. The Paytm wallet is a Prepaid Payment Instrument (PPI) regulated by the Reserve Bank of India; its affiliate Paytm Payments Bank is only a payments bank (it cannot issue loans or credit cards). Wallet balances are not bank deposits and are not insured by the DICGC.
Short-stay tourists generally cannot open a full Paytm wallet — Full KYC normally needs Aadhaar/PAN plus an Indian mobile number. The correct route for visitors is NPCI's UPI One World prepaid wallet: passport + valid Indian visa + foreign mobile number, with physical KYC at an airport or designated counter, loaded with an international debit/credit or forex card, then scan any UPI QR to pay, and encash or refund the remaining balance before departure. NRIs with NRE/NRO accounts can use UPI on their international number in apps such as Paytm.
UPI One World: zero onboarding fee and zero transaction fee, load what you need by card or cash. Paytm minimum-KYC wallets cap the monthly balance at INR 10,000｜UPI One World: officially zero onboarding and zero transaction fee. The Paytm wallet itself is free to open; certain bill payments or withdrawals may carry service charges, and transfer fees are shown in-app.
Paytm minimum-KYC wallet: INR 10,000 monthly balance cap and no transfers to bank accounts. Full KYC: INR 100,000 balance with no spending limit. UPI One World is a prepaid wallet whose per-transaction and cumulative limits are set by the issuer under its PPI terms. Wallet balances are not deposits and are not insured by DICGC.
Short-stay tourists generally cannot open a full Paytm wallet — Full KYC normally needs Aadhaar/PAN plus an Indian mobile number. The correct route for visitors is NPCI's UPI One World prepaid wallet: passport + valid Indian visa + foreign mobile number, with physical KYC at an airport or designated counter, loaded with an international debit/credit or forex card, then scan any UPI QR to pay, and encash or refund the remaining balance before departure. NRIs with NRE/NRO accounts can use UPI on their international number in apps such as Paytm.
Local bank account: Only for some features. Items typically needed: Valid passport; Valid Indian visa (tourist, business, OCI, etc.); A working international mobile number; An international debit/credit or forex card for loading funds; NRIs additionally need an NRE/NRO account with completed bank KYC.
Typically: Valid passport; Valid Indian visa (tourist, business, OCI, etc.); A working international mobile number; An international debit/credit or forex card for loading funds; NRIs additionally need an NRE/NRO account with completed bank KYC.
How to sign up: Hybrid: visitors register in-app then complete physical KYC at a counter; NRIs can do it fully online with an NRE/NRO account and an international number (App registration about 10 minutes; in-person KYC is completed on the spot (usually within 30 minutes)). Steps: 1) Download a UPI One World partner app (such as Paytm) 2) Sign up with your international mobile number 3) Take your passport and valid visa to a partner counter at the airport or a tourist hub for physical KYC 4) Activate the UPI One World wallet 5) Load INR with an international debit/credit card or foreign currency 6) Scan merchant UPI QR codes to pay; encash or refund the balance before you leave Fees: UPI One World: officially zero onboarding and zero transaction fee. The Paytm wallet itself is free to open; certain bill payments or withdrawals may carry service charges, and transfer fees are shown in-app.
Paytm minimum-KYC wallet: INR 10,000 monthly balance cap and no transfers to bank accounts. Full KYC: INR 100,000 balance with no spending limit. UPI One World is a prepaid wallet whose per-transaction and cumulative limits are set by the issuer under its PPI terms. Wallet balances are not deposits and are not insured by DICGC.
E-wallet rules change often — always follow the latest instructions in the official app.