Whether you are paying online or at petrol pumps, you can use apps like MobiKwik and Paytm for transferring cash with one touch. No worries, no hindrances, these apps are generated to provide hassle-free services.
About Paytm and MobiKwik
An Indian electronic commerce and payment system, Paytm offers mobile recharges, bill payments, bus travel tickets, movie bookings, and more.
The company has more than 170 million users, and they claim it to be the fastest way to make any digital transaction.
Similar to Paytm, MobiKwik too is a mobile wallet, and online payment system where a user can add money to the wallet and use it for mobile and DTH recharges, online shopping, utility bill payments, and tatkal train tickets. The app has helped vendors from all over India to adapt to a cashless economy.
Both of these apps are also used to transfer cash to bank accounts. So, if you have them installed on your desktop or mobile, you can always go cashless. Users can download these apps on their smartphone as they are available on iOS, Android, as well as Windows.
How to transfer money from MobiKwik to Paytm
Unfortunately, there is no direct way to transfer money from MobiKwik to Paytm or vice-versa. But, there is an indirect way to do that, which we are going to discuss today.
Since both MobiKwik and Paytm allow you to transfer funds from their wallets to a bank account, we are going to use this fact to transfer money from MobiKwik to Paytm-
1. To get started, log into both MobiKwik and Paytm accounts
2. To transfer wallet money from MobiKwik, click on the option Send to Bank
3. Enter the bank details and click on Send
4. Once your account is credited, log in to the Paytm account
5. On the Paytm app, click on Add money to Wallet option and enter the amount you want to add.
6. Once the amount is added, it will be deducted from your bank account and added to your Paytm wallet.
MobiKwik and Paytm are some of the most popular and efficient wallets available today. Adding money to them doesnt just mean that you can send money or transfer it to a seller, it also means that you can use the wallet money on many online merchant websites.
With the option of transferring money back to the bank account, these wallets give us the option of using the money somewhere else or on different platforms. For instance, if you had money in your MobiKwik wallet, but you want to pay someone through Paytm. You can quickly transfer money from MobiKwik to Paytm, and then send money through Paytm.
To make quick transfers we highly recommend downloading both of these apps and syncing them with your bank account.
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