How to transfer money from the Mobikwik app to Paytm or Banque

Carter Lumumba - March 11, 2019

How to transfer money from the Mobikwik app to Paytm or Banque - Intertuto

Here is for you a short tutorial in which we will teach you how to transfer money from Mobikwik to Paytm or to a bank

Mobikwik is a virtual wallet designed to help users manage their finances without having to have cash on them. Indeed, Mobikwik services are for people who want to have real-time access to their finances, such as bank accounts, without having to go to the cashiers and queuing. 

This tool is useful for people whose time is of urgent importance. This will give the user the ability to access his money anytime and anywhere, with only his mobile device having access to the internet.

For a new user of the Mobiwik app, it's a bit confusing to handle it at first. Although the developers of this application have made it easy to handle, with a clear interface, it is risky to touch features with which the user is not yet familiar. 

How to transfer money from Mobikwik to Paytm or the bank?

As mentioned before, this tutorial should be quite easy to follow. The developers of the Mobikwik app have done a great job of making the app as comfortable as possible. The first thing to start with is to make sure you have already installed the Mobikwik app from the Play Store. If not, launch the Play Store app on your Android phone and search for the Mobikwik app.

The procedure is the same for an iOS device too. Just go to the App Store on your phone and download the Mobikwik app and install it. It will take you very little time to finish. When the installation is complete, launch the application.

If this is your first use of the app, you must verify your identity. This is very important to prevent other people from accessing your financial information via a smartphone. The first thing to do is enter the mobile number you used to register your Mobikwik account.

Press the "Send OTP" button. It is a one-time password that will give you access to your e-wallet using the smartphone on which you installed the Mobikwik app.

A text message should arrive shortly thereafter. Enter the password for the application to get full access to your account

Now, on the Mobikwik app, you should see some menus available, including the balance available on your e-wallet. Press the 'Pay or Transfer Money' button. On the next page, choose the 'To Bank' button.'

 Below, type the amount of money you want to transfer to your bank account or another person's bank account. Make sure the amount you enter does not exceed the amount currently available on your eWallet.

Then enter the bank account information, including account name, account number and IFSC code.

Once done, click on the button 'Continue': the application will show you the summary of the details you have entered. You can recheck the information one last time before touching the 'Confirm' button. After pressing this button to confirm, you will see the invoice summary of the transaction you just performed. This means that the money is already being transferred to the bank account

And so, how to transfer money from Mobikwik to Paytm

At first glance, there is currently no direct way to transfer funds from Mobikwik to Paytm. And yet, there is always a way to do it. Since Mobikwik and Paytm can be connected to bank accounts, we will use this method instead. That's why we mentioned that learning to transfer money from Mobikwik to a bank is a necessity.

First, you must ensure that you have transferred the money transferred from Mobikwik to the banking process described above.

Once you have done this, you will now, need your paytm account to be connected to your bank account.

Open the Paytm app.

In the main menu, press yhe "Add money" button.

You must then enter the amount you want to transfer from your bank account and then press the "add money" button.

On the next page, choose the bank account from which you want to transfer funds. Under the page, press the "Debit card" button." Then enter the bank account details to confirm the money transfer and press "Pay now".

The application will direct you to secure servers to verify the nature of the transaction or request. You should receive an OTP on your mobile number. When you do, type it in the confirmation page. Once done, press the 'Submit' button and wait a few seconds until the app confirms that you have added funds to your Paytm wallet. Enjoy!

In conclusion

For now, this is the most convenient way to transfer funds from one portfolio to another.
Remember that this only applies if you have both the Mobikwik and Paytm portfolios and are connected to the same bank account.

Here is an important reminder.
 If you transfer funds using data, it is best to use a private Internet connection or Internet data from your smartphone.
Avoid using a public Internet connection, as some people may search your financial activities using this network.

Once done, click on the button 'Continue': the application will show you the summary of the details you have entered. You can recheck the information one last time before touching the 'Confirm' button. After pressing this button to confirm, you will see the invoice summary of the transaction you just performed. This means that the money is already being transferred to the bank account

 

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