Which is better Google Pay or Paytm Quora?

Ease Of Recharge/Bill Payments
So, both PhonePe and Paytm win this round. To sum it up, although Google Pay and PhonePe hold their own well in the payment apps market in India, Paytm outperforms the two when it comes to the overall user interface, app speed, and payment facility.
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Is Paytm or Google Pay better?

However, both Paytm and PhonePe offer wallet services that let users store money for prepaid payments. On the other hand, Google Pay offers no wallet, and the money continues to get deducted from the bank. A digital wallet may also help in keeping overall bank statements less cluttered.
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What is difference between Paytm and Google Pay?

Well here Paytm has an advantage over Google Pay. It allows you to pay your bills and mobile recharge via credit card. For Google Pay, you don't have an option to pay through credit cards. So if you are running out of cash and your bill is due, you can pay the same via Paytm using a credit card.
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Is Google Pay and Paytm safe?

Due to security concerns, Google Pay is not offering wallet services so it makes Google Pay very much secure. Google Pay provided Scratch Card and through it users earn cashback. Google Pay supports UPI payments which are considered a Secure Payments System.
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Which is more secure Paytm or PhonePe or Google Pay?

What is more secure: Google Pay, Paytm, PhonePe? Experts suggest that all the three digital transaction apps,more or less, are equally secure. While the Google's brand image definitely does some good to Google Pay, Paytm and PhonePe continue to be an easy pick for others due to their many features.
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Which is Better, Google Pay Vs Phonepe Vs Paytm | By Ishan



Which UPI is best?

Best 5 UPI Apps in India:
  1. PhonePe – UPI Payments, Recharges & Money Transfer. PhonePe stands first in our list of best UPI apps in India. ...
  2. Google Pay (Tez) – A simple and secure payment app. ...
  3. Paytm – BHIM UPI, Money Transfer & Mobile Recharge. ...
  4. Amazon Pay. ...
  5. BHIM App.
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Which payment app is best?

The 6 Best Payment Apps of 2022
  • Best Overall: PayPal.
  • Best for Friends: Venmo.
  • Best With No Frills: Cash App.
  • Best for Banking: Zelle.
  • Best for Google Accounts: Google Pay.
  • Best for Social Media: Meta Messenger.
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Can Paytm be hacked?

Yes, if your Paytm account is compromised. When the hacker gets access to your wallet or UPI APP, the hacker can access the bank details or credit/debit details and misuse it to withdraw money.
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Is Paytm going to shut down?

Paytm Canada App will be shutting down permanently from March 14; scheduled payments and top-ups for Paytm Cash have already been disabled. Indian fintech major Paytm has announced permanent closure of its consumer app in Canada five years after starting services in the country.
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Does GPAY need KYC?

Unlike other digital wallets, the application does not require money separately in its wallet or KYC to be done. You simply have to link your Bank account to Google Pay and it will automatically deduct or add money to your Debit/Credit card, according to the transaction you make.
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Which wallet is best in India?

Here is the list of best 10 mobile wallets in India for online payments.
  • JioMoney. ...
  • Airtel Money. ...
  • OxiGen. ...
  • MobiKwik. ...
  • Dhani Pay. ...
  • Ola Money. ...
  • FreeCharge. ...
  • More Online Wallet and Payment Gateways in India. Citi MasterPass is a global digital wallet launched by Citi Bank and MasterCard in India.
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Is Google Pay is safe?

How safe is Google Pay? Google Pay protects your payment info with multiple layers of security, using one of the world's most advanced security infrastructures to help keep your account safe. When you pay in stores, Google Pay doesn't share your actual card number, so your information stays secure.
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Does Paytm charge a fee?

No! There are no one-time or recurring charges for setting up and running your Paytm for Business account.
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Is GPAY a loss?

While PhonePe and Paytm saw 100 million and 72 million additional transactions, respectively, during the period, the number of transactions for Google Pay fell by over 100 million from 960 million in November to 855 million at the end of January.
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Is Paytm RBI approved?

Paytm Payments Bank got the approval from the RBI in 2017. For the year-ended March 31,2021, Paytm Payments Bank, which has the largest scale among all payment banks, had recorded net profit of Rs 17.88 crore on sales of Rs 1,987.84 crore, according to Paytm's IPO prospectus.
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Is Google Pay in loss?

Google Pay's revenue from operations declined to ₹1,467.36 crore in 2020-21 from ₹1,497.66 crore in 2019-20, according to the Registrar of Companies filing, shared by market intelligence firm Tofler. Its profit after tax increased to ₹53.22 crore in 2020-21, from ₹32.86 crore in 2019-20.
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Did Paytm stopped KYC?

The RBI had then said in response to a public-interest query that Paytm was in violation of the KYC rules, leading to the ban. Furthermore, RBI's reply to the RTI (Right to Information) question also mentioned that Paytm failed to maintain the end-of-the-day balance limit of Rs 100,000 per account.
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Why is Paytm banned?

The Reserve Bank of India's ban on Paytm Payments Bank from accepting new users came after its servers were found to be sharing information with China-based entities that indirectly own stakes in the fintech giant's unit, a Bloomberg report, citing a person familiar with the matter, said on Monday.
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Is Paytm in trouble?

Paytm's biggest trouble is potential regulatory change. Note that in the past the move to waive MDR on UPI was opposed by payment companies, especially wallet givers. But the resistance didn't hold. Then there are Paytm's own troubles with the RBI.
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Is ATM card necessary for Paytm?

Paytm is fast & safe, with Paytm you no need to carry debit or credit card.
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Can any one hack Google Pay?

Requesting money through Paytm or Google Pay - the major players in the UPI-based payment space is one of the most common frauds that customers lose their money to. In case of a UPI fraud, the fraudsters try to gain remote access to one's mobile device so that they can do bank transactions remotely.
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Is Paytm KYC safe?

Paytm is a safe and secure digital payment gateway and an RBI-approved application. Know Your Customer (KYC), on the other hand, is also an RBI-mandated guideline for cashless payment apps. KYC verifies the identity of the customers with an intent to eliminate the risk of fraudsters and fake identities.
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Which is the No 1 payment app in India?

1. Google Pay. Google Pay started off as an India-first mobile payments app 'Tez' and eventually got rebranded. According to NPCI's latest figures, the platform processed 854.49 million customer transactions worth Rs.
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Does Google Pay charge a fee?

No charge to download: Google Pay is a mobile app available in the Google Play Store. Customers don't pay extra transaction fees when they use Google Pay to make purchases.
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Which pay app is best in India?

India's Top 10 digital wallets and UPI platforms
  1. Google Pay (GPay) A part of the Google network, this is today one of the best UPI apps in India. ...
  2. PhonePe. This presently stands second in the UPI app list with 100 million downloads. ...
  3. Dhani. ...
  4. BHIM Axis Pay. ...
  5. Paytm. ...
  6. MobiKwik. ...
  7. Yono by SBI. ...
  8. ICICI Pockets.
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