Get paid for paying bills with Paytm

Get paid for paying bills with Paytm

You read the title of this post correctly – get paid and rewards for paying your bills with Paytm (Pay Through Mobile)!

Updated December 2018:

Benefit #1 – Receive welcome bonus points!

Benefit #2 – Pay – Refer – Earn!

Use my promo code below and in doing so, you’ll get rewards and so will I!

Paytm Refer

Paytm Referral

Get it here:


How does it work?

Paytm How It Works

Paytm is new to Canada but not new elsewhere.

Paytm is a large (and growing) company that started in India in 2011 and is short for the phrase “payment through mobile”.  They’ve been expanding rapidly.  They’ve got resources to do that – their largest shareholder is tech giant Alibaba. So they’re clearly not some “off the street” fintech.

As I learned recently, Paytm is a simple all-in-one place to pay a bill, check bill due dates, set-up preferred payments and much more.  It’s a bill payment service that pays you back – and it’s free.

Their online platform is great and easy to navigate.  I’m a new user myself – here is a screenshot from my phone.

Paytm MyOwnAdvisor

Using Paytm, you can set up as many bill payments as you want.

Our recurring monthly billers are there and with 5,000 of them to access, I bet yours are too:

  • Enbridge gas – we pay that every month,
  • Hydro One – same as above, and
  • Rogers internet and cable (yes, cable. I love my live sports and I’ve been very reluctant to give that up!)

As long as we need to pay our monthly bills (or make routine purchases) I might as well get rewarded and that’s EXACTLY what Paytm allows you and I to do.

Learn more and get the app here:


Original Post:

First, how do you get the app?

Get it here:

Second, how easy is Paytm to set-up?


The simple step-by-step set-up process walks you through everything in a handful of steps.

Third, how do you and I get paid?

Now that you’ve got the app installed, you can add money to your Paytm Cash balance through a variety of ways:

  • Go old school by visiting your nearest Canada Post location, show them the QR code on your Paytm app and add money by cash or debit,
  • Make an Interac e-Transfer to Paytm (this is the process I use the most), or
  • Link your bank account to Paytm.

Now that the Paytm cash balance is there – pay a bill.  Get rewarded more over time.  That’s it. You can use your credit card to pay your bills but then you won’t be able to take advantage of their rewards to the fullest.

With the basics in the palm of your hand, here are some answers to some questions I thought you might have about this app, including any further reading you want to take on.

Why should you switch to using a digital wallet like Paytm?

To simplify your bill-payment-life and earn some rewards in the process.  I think users will also enjoy what I’ve been impressed with so far, the customer service from Paytm.  When I had a question or a concern, including my interac money transfer to my account, Paytm responded to me quickly.  If you have a question for them you can find Paytm staff via social media, email and more.

What about this Rewards marketplace?  Is it any good?

I think so.  With the Paytm app and using that Rewards marketplace, you can get up to 15% cashback on purchases from brand-name retailers such as Tim Hortons,, Best Buy, Esso, Indigo, Foodora, Just Eat and more.  I learned they have a BIG announcement coming up soon which should give prospective customers even more reasons to use Paytm. I’m interested to see what this major announcement is…

How secure is my (or your) personal information within the Paytm app?

For me, this is a big concern actually.  Paytm recognizes personal information and security is probably your utmost concern as well.  I asked them about this – I learned their systems and processes follow strict, security standards and requirements for information security management systems.  Paytm uses the same encryption technology that most Canadian banks use.  Combined with the ISO standards they follow, they consider themselves as safe, if not safer, than many of the Canadian banks.

I would suggest if you have any concerns before you try Paytm, ask them as many questions as you want. Including anything related to security.

What if, for whatever reason, you want to leave Paytm – remove the app.  What happens with that personal information and data?

Great question – I thought of that one myself!

This is what they told me:  “…if this app doesn’t work for you (although we think you’ll like it long-term) you can remove the app and stop using our services. Your personal data is securely stored in our servers using bank grade encryption techniques. Consider this similar to closing a bank account at one of Canada’s big banks – where do you think they put that bank information? They need to store your old customer information securely even if you’re not a customer – and we do the same.”

What else can you use Paytm for?

Besides paying your bills, you can consider using Paytm for two other important things:

  1. Use gift cards for personal use to save money:Just because they’re called gift cards doesn’t mean that you can’t use them for personal use!  Like I mentioned above, you could get HUGE cashback amounts on your everyday purchases at Tim Hortons,, Indigo, Foodora, Just Eats and other such brands. So before you buy anything at these stores, just buy the “gift card” on Paytm for personal use and start saving more money.
  2. To instantly send and receive money to friends and family across Canada:Whether you’re sending $1.00 or receiving $500 it doesn’t matter because with Paytm we won’t charge you a transaction fee or a convenience fee. No need to enter a security question or worse try to remember yet another password. Next time when you’re hanging out with your friends and realize that you’re cashless, just open the app and send money to them right there.


Paytm appears to want Canadian business – bad – so they’re after some market share by offering some great incentives in this app.  There is a big announcement coming up and likely more promotions in the future.  Will the promotions slow down?  Will their Rewards marketplace change over time?  Who knows.  If I knew the answer to future questions I would probably be far wealthier and have no mortgage!

For the time being I’ve added this app to my phone.  I’ve started to put some money into the Paytm cash account. I intend to use the app to start paying some common bills around our house – here and there – over the coming year.  In doing so though, I won’t give up on my current bill payment practices just yet but I’m willing to give this a try.  I will use Paytm to put some cash back in my Paytm wallet to shop with the brands they have affiliations with – is one we use often.  I might as well get some deals while the getting is good.

Get it here:

After you get registered with Paytm, you can get your own referral code and share them with your friends.

Have you tried Paytm?  What are your thoughts on using a digital wallet?  Are you currently using any digital wallet?  Why or why not?

My name is Mark Seed and I'm the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, we're inching closer to our ultimate goal - owning a 7-figure investment portfolio for semi-retirement. We're almost there! Subscribe and join the journey. Learn how I'm getting there and how you can get there too!

74 Responses to "Get paid for paying bills with Paytm"

  1. re: …Rewards marketplace, you can get up to 15% cashback on purchases from brand-name retailers such as Tim Hortons,, Best Buy, Esso, Indigo, Foodora, Just Eat and more.

    Is there a complete list available? I can honestly say that most, if not all of these “cashback” apps are partnered with companies I don’t use (such as all the ones listed). Thus, all these apps are useless for me. Unfortunately, you won’t be getting a $10 referral “dividend” from me. 😉

    What will be interesting is to see if they take a bite out of the credit card market share. In the future, if most payments for goods and services are made directly via apps etc instead of with a credit card, we may see the portion of inflation caused by credit card usage negated. However, costs (and profits) of operating those apps have to be covered somehow, and it will always come down to the customer paying for those costs (and profits).

    1. No worries SST and I don’t need any Paytm dividend. Everyone is happy to make their own decisions.

      I too will be interested to see if they can make a dent into the credit card market. Time will tell.

    1. re: Not sure I’d feel comfortable giving my bank info to a company from India.

      Wow. Not sure I feel comfortable reading such an uninformed, non-logical, biased, and, dare I say racist, comment in this day and age.
      How does monster of a hitech country like India differ from a hitech country like the USA…where their giant online companies get hacked ALL the time?!

      Apple, Walmart, eBay, Facebook, Gmail, JPMorgan, TD, Citigroup, Bank of America, Deloitte, NASDAQ, MC/Visa/Amex, the US Fed Reserve(!!!), and of course the latest and greatest, Equifax. Electronic data has no borders!

      Do you know where YOUR bank stores YOUR electronic information? Guaranteed it’s not in Canada. Uh oh!

      Come on Old White Guys — get with the times!!

      1. “Come on Old White Guys — get with the times!!”

        I can’t even program my VCR!

        As to cannew’s point. I think it’s unfair to imply there is racism involved. I too am leery of certain countries and admit it is likely based on perhaps irrational but nonetheless real perceptions. I wouldn’t trust anything in Russia or most of the Eastern Bloc. I would not trust anything in China and several other countries near to there. Now if a Canadian bank utilizes services in those areas, I can’t do much about it but at least I’ve got some legal recourse in Canada. Irrational? Ya, perhaps, but that’s the way humans are sometimes.

        1. re: likely based on perhaps irrational but nonetheless real perceptions.
          Real perceptions of what exactly?

          It doesn’t matter with who or where your data is stored. How is a Russian/Indian server any different than an American/Canadian server which gets hacked by the Chinese (or any combination of the above)?

          It’s not “foreigners” you need to be worried about. Most of the theft you are already experiencing in your daily life is happening in broad daylight right before your eyes, by locals, with no legal recourse whatsoever (e.g. the 15-year bread price fixing scenario).

          1. I am using *perception* as meaning “a way of regarding, understanding, or interpreting something; a mental impression” and “real” as being existing within me. Whether it is acknowledged with facts or not, the “perception” we have is “real” in us. It may very well be an irrational “perception”, but it exists. If it makes you feel any better, I don’t trust a lot things domestically either and those “perceptions” may not be based on factual information as well. But my point was, it isn’t racism.

            BTW, I’m getting my $25 Loblaw card so I’m good with the bread fiasco.

          2. Not sure if you’re trying to be snide but if it matters (and I doubt that it does), a local day shelter asked if we would apply for the card and donate it to them.

          1. I kid you not, I have three of them. Two we use a little, one is a spare and I really do not know how to program any of them. They play movies when I slide one in so I figure that’s all I need to know.

  2. Can’t say I’ve ever had a cheque “hacked”. Dropped one off at Home Depot this am
    Believe you can also pay with cash…I didn’t see the Bitcoin option.

    If “getting with the times” = buying Bitcoin at $25,000 CDN…leave me behind

    1. re: Can’t say I’ve ever had a cheque “hacked”. Dropped one off at Home Depot this am

      And what do you think HD does with that cheque? All the info on that physical cheque is translated to electronic data — by both HD and your bank. Oh, and HD has also been substantially hacked. I’d rethink that whole safety-in-physical ideology.

      re: If “getting with the times” = buying Bitcoin at $25,000 CDN…leave me behind
      Thanks for introducing the bitcoin straw man. Not sure how that fits in, perhaps another “real perception” of sorts?

      People seem to be having trouble wrapping their heads around the fact that you don’t need to “put your personal/banking information out there” in order to have that information stolen/hacked. If you have even a single piece of electronic-accessed information, it is possible to gain access to ALL your information. Hell, even if you’re standing in line at Starbucks/Timmies with your cell phone you are a very open and easy target for hackers…and that’s happening in your neighbourhood — not India.

      1. Well…without being Cap’t obvious…just assume I only carry a checking account balance to cover cheques. Yes…HD scans cheques as soon as it leaves my hand. I have a PAID hard copy for that month.
        No electronic pipeline into my main accounts from using outside sources. if the bank I deal with want’s to use servers in other countries….that’s their risk…not mine.

        So…ur thesis is…don’t store any info on your cell phone? use it only for phone calls?
        Get with what times?

  3. Careful SST – Lloyd is the only one allowed to change his story – without any of us questioning him. (Would not like to see you get banned –
    as your one of only a few I enjoy reading). From saying: “MY” $25 Loblaw card – to – “a local day shelter asked if we would apply for the card and donate it to them”. – You know what I’m thinking – right? The guy has more stories than Walt Disney!

        1. re: …we are the greatest country in the world.
          Canada is not the greatest country in the world. Switzerland is.

          re: Helping the less fortunate is the Canadian way.
          I guess we like to help the less fortunate in different ways:
          Canada Struggles to Improve Conditions for Indigenous People

          “Indigenous peoples in Canada continue to endure foul water, poor education, bad housing and poor job prospects.”

          UN Urged To Declare Canada’s Treatment Of Aboriginals ‘Genocide’

          But hey, free bread!

          1. Additionally, we recognize that there are some charities that do not fit into the “helping the less fortunate” category so we didn’t want to leave out our very own Community Foundation that supports such things as the local library, palliative care, day cares, homes for the mentally challenged, seniors programs, etc etc etc.


            So yes, helping out is the Canadian way and we are in the best country in the world.

          2. Donations and time to such things as the ….”local library, palliative care, day cares, homes for the mentally challenged, seniors programs, etc etc etc.” is OUTSTANDING. Kudos!

          3. I see Lloyd is a fervent user of facebook…the ultimate collector and seller and manipulator of your personal information. But yeah, beware a payment company from India.

            Better the devil you know than the devil you don’t know.

          4. I wouldn’t go so far as fervent, but all (and I mean every single one) of the charities I support suggested I keep my eye on their facebook page to stay in touch with their requirements. I used to just email them when I was making a trip into the city to see what they might need (they are all generally very small and have little space for storage especially perishables) at that particular time. Even facebook doesn’t work all the time as their needs are very fluid and they don’t have the volunteers/staff to devote to it. I try not to overload them with too much of any one type of donation. Sometimes cash is much better as in the case of the Christmas gift cards Oak Table gives out.


            I do have to admit I am perplexed at the “fervent” need to attempt to discredit or insult me but so far all that has happened in my mind has strengthened my resolve to keep doing what I’m doing even with all my flawed perceptions. So, have at it my friend, it’s kinda entertaining.

          5. Lloyd, just so you know, I don’t tolerate insults on this site – at least for very long!!!!

            I’ve been patient with a few readers and their comments but they are coming to the end of a rope.

            If you find it entertaining, that is fine, but this blog is not about calling others out. I will continue to monitor things and hopefully some readers will choose their words more carefully. They have been warned. Thanks for your patience 🙂

            Folks are welcome to disagree but they must be respectful.

          6. What you are doing Lloyd requires no defence. Our country is a better place because of people like you. The negativity that has come out on this topic astounds me. (It is always easier to be negative than to see the positive.) Be well my friend!

          7. Thanks Gary. I don’t consider these posts as defending, I prefer to think of them as clarifying flawed “perceptions”. 😉

            Heck, there might be some Winnipeg people reading these and learning about some great charities or others applying for the Loblaw’s card and donating it to their favourite charity (one should note that the card does not have to be exclusively used for bread as some might believe). After all, MOA is all about learning.

          8. I just took a few hundred dollars worth of older clothes, gently used furniture and other supplies to the Ottawa Mission. Happy to donate more than money where we can. It’s good to give back – there are so many people in need.

          9. Lloyd said: “I do have to admit I am perplexed at the “fervent” need to attempt to discredit or insult me”

            So its OK for you to insult others? Remember insulting me with these posts?
            1) “You make me laugh Mike…you freely admit you didn’t know how CPP works in some instances yet feel that we should consider your advice on how we should utilize our CPP? Got any medical advice for us too? ”
            2) “Ya, I’ve heard that response lots. Especially from people with a deficit in morals and ethics.”
            3) I’ll cut you some slack. “No need to, I’m a big boy now and I *always* consider the source. The thing with credibility, once you’ve thrown it away, you ain’t never getting it back.
            4) “I try to consider a person’s age in determining their level of knowledge and experience. If I am speaking to a twenty something I cut them some slack”
            5) and of course we can’t forget this animated one! “Well I do recognize when I see it.”
            This is what a hypocrite means:
            A person who pretends to have virtues, moral or religious beliefs, principles, etc., that he or she does not actually possess, especially a person whose actions belie stated beliefs.
            A person who feigns some desirable or publicly approved attitude, especially one whose private life, opinions, or statements belie his or her public statements.

          10. lol…One might think you’re a tad upset there Mike. Tell ya what though. Send Mark an email using the contact form and he can forward it on to me and we can continue our “tiff” elsewhere. No need to strain the patience Mark has shown us to date.

          11. Not upset at all. I just see you for what you are!
            While – I come on here to voice opinions / ideas that might challenge others beliefs or help them – you have nothing positive to contribute and think you know better. (see 1-5 above). You also talk for Mark – and shouldn’t! I have spent enough time over the years with clowns like you. The thing is – they don’t know any better and don’t want to learn – because they think they are so great! Now that I know more about you (thanks for your facebook posts) – Lets make a deal. Lets both give Mark $100K each to help him continue with his blog – so others can learn from great posts from SST, Grant, Cannew, Mark and others.

          12. Whats a matter Lloyd? – you usually reply quicker than this. Is 100K too much for you? (probably 10% of your net worth, eh?). For me Lloyd – its less than 1/2 % of my net worth – and – I can make it back in a week. I thought you were a big boy – now?

          13. Compared to the rest of the world, this country has it very, very good. Can we do more and be better, collectively? For sure. Nothing wrong with continuous improvement.

          14. ” to help him continue with his blog – so others can learn from great posts from SST, Grant, Cannew, Mark and others.”

            hahahaha…Mike, that’s probably the most bizarre suggestion I’ve ever read.
            A) Mark already provides this service free of cost for all of us (thanks Mark).
            B) There are dozens, if not hundreds, of financial blogs and advice sites if one does not appreciate this one.
            C) For a fraction of that amount of money you could run your very own blog and literally be Master of your domain.
            D) No one with any financial knowledge and an ounce of smarts would do this.

            Sorry for being late to respond. I had to cook and eat supper. I can’t babysit and hold your hand 24/7. BTW, if you are averse to providing your e-mail, ‘friend’ me on facebook and we can talk there.

          15. Not a surprise!
            When your GIC comes due in 11 months – let me know. (it must be hard for you to make such a deal – when your money is tied up!).

          16. Kuodos on what you are doing Lloyd. Very kind indeed and no doubt you are a fine example in your community.

            Shame some seem unable to see this.

  4. Mark: you are posting some very shady/interesting topics lately!! LOL (: I think I’m going to call you Sparky from now on. It does create some very interesting replies from your very knowlegble readership which I for one am enjoying immensely! Pardon my spelling and keep up the great work.

  5. For those of you who are irrationally concerned with being ripped off by foreign companies, a great example would be the good ol’ American! company Western Union recently admitting to 13 YEARS of aiding and abetting wire fraud across the US and Canada.

    Please, enjoy your perceived home court safety.

  6. Lloyd says: “So yes, helping out is the Canadian way and we are in the best country in the world”. Although I am Canadian – and – Love my country more than I can put into words. Its not the best country in the world! Have you ever been to Norway?

  7. FYI, this app — Paytm — operates in almost exactly the same manner as the venerable online payment system Paypal.

    Amusingly enough, Paypal has never been hacked/had a data breach…until it acquired a new payment processor company in 2017.
    It was this new company, TIO Networks, which was breached.

    TIO is located and operated from within Canada.

    1. SST: Was just enjoying the banter. I would not deal with a bank I know nothing about and know nothing about the regulations controlling them, or don’t want to take the time to learn, I did not buy any emerging stocks or funds for the same reason, Yes we have crooks here at home but I feel I can limit my risks by sticking with local banks. In fact our main bank is ATB Financial rather than one of the big ones.

  8. I have been using the app but am not getting any cash back notices with my transactions, except the first. I paid five bills in Feb. and it shows no transactions pending. Thoughts? Thanks

    1. Very odd Jamy. When you pay bills with the app, the biller is usually paid within 24 hours as per Paytm FAQ.

      I would recommend you email them directly and find out what’s up; just like using any app – good of you to be vigilant and watch your transactions closely. You should be able to email them at

  9. Wow, this banter was a great read! I liked your mediation, Mark!

    I think the promo code doesn’t work anymore (effective late March 2018), unfortunately, I signed up too late!
    I think as a referrer you still get 50% of PayTMpoints or something that the person earns while paying bills.

  10. any experience if you can set automatic withdraws from the biller? (eg: the total amount of the monthly payment will be automatically charged without having to enter it manually each month?)


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