Most of you will agree with me that Paytm has taken India by storm since demonetization. If you are the user of Paytm then, you must be familiar with the list of features it offers, but the question is the app safe? Why knowing whether Paytm is safe or not is in doubt here because soon most of our banking related work will be shifted here and I’m sure you don’t want risk you bank details on the app which you are not so sure about. Therefore, here is our security check up for make your transaction Paytm really safe.
Few doubts that always bother me, will it expose my bank details or my phone number to any potential stalker? A doubt similar to this and more questions cross through our mind while accessing Paytm.
How to use paytm app safely ?
The company recently identified nearly “48 fraudulent users in the physical goods marketplace business, who were trying to game the company’s consumer friendly practices.” But the company has recently wrote on their blog to explain its safety features, that we are listing here for the Gadgetdose users that they can do to stay safe when using Paytm. Here are such 4 tips:
1. Use app password: The company has launched an app password feature for Paytm wallet recently. It will make sure that the money in your Paytm wallet stays safe even if one loses or misplaces the phone.
Here is how to set up a password for Android Users.
To set up the password, first set the Phone’s default Android security password. Go to Phone’s Settings > Security > Screen Lock > Choose Screen Loc/ Pin/ Password/ Pattern or Fingerprint to protect the phone. Now open the Paytm app & click on “Pay” or “Passbook”. You will be prompted to enable this optional feature. Now click on Add Security Feature. User will be asked to reconfirm your Phone’s Pin/Password/Pattern/Fingerprint depending on what is selected as the default protection. Once confirmed, the new App Password is now set.
2. If you are accepting a Paytm payment, do so through QR code. Quick Response Codes or QR codes are unique and encrypted.
3. Don’t keep too much money in your wallet. There’s no such thing as unhackable. Every information you put on web is linked to one another and hacking your Paytm wallet is no rocket science.
4. Don’t save your card while recharging wallet: although little inconvenient it is always better not to save the card info while a transaction.
Conclusion: Paytm Security
Keeping ourselves protected with few simple steps can really avoid further trouble and we should also be more careful when there is money involved. Looking at the popularity of the app, it looks like we will be using this app for the long time, and our steps outlined above will somehow will protect us in long run. So far no news of any major fraud been reported on the app, but we must prepare ourselves from before. Those who have not yet downloaded this app can do it from the Google playstore from their phone.