Find out how Paytm ensures security of your money

With the recent demonetisation move from Indian government online transactions have increased significantly as expected and one of the major beneficiary from this step are the online wallets. Paytm by far has emerged as most widely used and accepted digital wallet. Though government has introduced few other mechanisms to pay cashless, Paytm continues to be number one as it had a strong user base even before this step was taken and they have put in extra resources to monitor the situation and increase awareness about usage of mobile wallets.

Paytm App Password feature

As we move to digital wallets definitely there are many pros such as no need to carry hard cash all the time, pay exact amount without worrying about change, send money remotely etc, but when we look at the other side where cyber crimes are increasing day  by day and the fact that a small hack can cost us a huge amount which we have saved in our wallets or the thought of the cards added in wallets just force many users to take a step back.  To increase confidence in its users Paytm has implemented a number of security measures to ensure that your money is secure.

As a large payments company, Paytm’s servers and infrastructure are closely monitored by in-house security experts. They have round the clock multi-layered security protocol including IDP (Intrusion Detection and Protection) Layer over all our NOC's. Furthermore, they’ve been using bulletproof WAF's to protect our traffic injection. They also have multi-geography 24X7 SOC which constantly monitors the unique challenges that may occur in India. 

Paytm systems are secure to the extent that even with a username and password it is not possible to login anyone's account owing to the multi-layered protection of OTP and device signature, which is also required for logging into the account. 

Paytm continuously educates its existing and prospective users to not share their details with anyone over the phone. All these messages are reiterated through all communication channels to their users.