Paytm Payments Bank disables international transactions on debit cards (2024)

FAQs

Paytm Payments Bank disables international transactions on debit cards? ›

Paytm Payments Bank has announced that it will be temporarily disabling international transactions on debit cards. “People having debit cards will no longer be able to initiate international transactions using debit cards till further notice,” Paytm said in an email to its customers.

Enjoy making highly secure contactless payments and get exclusive benefits. Paytm Payments Bank account comes with a Free Digital Debit Card so that you easily pay online anytime, anywhere. You can also withdraw cash from ATMs or pay at stores across India and abroad using Paytm Payments Bank physical Debit Card.

Yes, Paytm allows accepting International payments.

In most cases, the bank tries to contact the cardholder by phone. If the customer is not reachable, which is quite likely at international locations, the international transaction gets declined. This can be avoided at the time of card selection and later before leaving for an overseas trip.

The final approval for international payments is provided by Paytm's banking partner. The product will be enabled on your checkout flow and Paytm Dashboard post approval. Note: Certain lines of business such as but not limited to gambling, dating, alcohol etc can not be enabled for international payments acceptance.

In March 2022, the RBI barred Paytm Payments Bank from onboarding any new customers over 'certain material supervisory concerns'. In its latest update, the company said it has already implemented RBI's various recommendations as part of an IT review undertaken in the previous fiscal year.

Paytm is a popular digital wallet and payment app in India, but it is not currently possible to use the Paytm app internationally. So if you're a Paytm account holder looking to make international transfers, you will need to look at alternatives such as Wise.

You need to have an Indian mobile number to use paytm. If you are Indian and you have Paytm in your mobile app then you can use Paytm for domestic Indian transactions even if you are out of India. But, you cannot use Paytm for overseas transactions.

Yes, with Paytm international gateway you can accept payment via international cards, and that too with the convenience of real-time currency conversion.

How do I enable my debit card for international transactions? ›

You can directly approach your bank or its branch and submit a written application, requesting an automatic unblock of the ATM card. To verify your identity as the card's user, you must submit ID and address proof. Once these details are verified, the bank will unblock your card.

Large purchases, charges from sellers in foreign countries, or activity that seems unusual may trigger the bank or credit union to lock down your account to avoid fraud. Before traveling, contact your bank or credit union to let them know you'll be out of town.

We support all major Indian and International Credit/Debit Cards (VISA, Mastercard, Dinars, Amex, Rupay, etc.)

Reasons for Blocking an ATM Card

Incorrect PIN: Entering the wrong PIN multiple times can lead to your card being blocked. Expiration: ATM cards have an expiration date, and once it passes, the card becomes inactive. Theft or Loss: If your card is stolen or lost, it is blocked to prevent unauthorized transactions.

It supports all major card networks, including RuPay, Mastercard, American Express, Visa, integrating various payment methods and empowering merchants to accept digital transactions from a wider customer base.

All you need to do is inform your bank about certain specifics, i.e. the currency, daily usage limit, time period etc. Once you have informed your bank, subject to sufficient funds available in your account, your bank will activate international usage on your card.

Paytm has India only license for prepaid instruments and now payments bank. You need to have an Indian mobile number to use paytm.

Visa and Mastercard are the most widely accepted credit cards, as both types can be used at 100+ million locations in 200+ countries and territories.