comscore Paytm now lets users password-protect the app; here's how it works
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Paytm now lets users password-protect the app; here's how it works

This new feature is restricted to the Paytm Android app for now. But it will soon be introduced on the iOS app a well.

paytm-stock-image

There’s been a massive upsurge in the use of apps like Paytm especially after PM Narendra Modi‘s decision to demonetize Rs 500 and Rs 1,000 notes. With Paytm becoming one of the most-used payment apps out there, the company is rightly making sure the app is secure, and has announced a new feature that lets you lock the app. Also Read - Internet down: Zomato, Paytm, Disney+ Hotstar, Amazon, Myntra, many other global services suffered massive outage

Also Read - Zomato IPO: How to invest via bank, Zerodha, and Paytm Money

Before this feature, anyone who had access to your smartphone would in essence also have access to your Paytm app and account. But now the app lets users secure the app by choosing either a PIN code, password, pattern or a fingerprint. With this feature enabled, one will have to unlock the app as well, even if the smartphone is unlocked. Mind you this feature will work only if the smartphone is also secured with any of these security measures. This new feature is currently only restricted to Paytm’s Android app, but the company has promised that it will soon arrive on iOS as well. Also Read - How to book COVID-19 vaccine slot via Paytm App, get Covaxin and Covishield shots with these simple steps

To enable this security feature, first update the Paytm Android app. Once updated, go to the app and tap on pay or passbook button, which will show message prompt with an ‘Add Security Feature’. When you tap on it, you will first be asked to reconfirm your phone’s PIN, password or fingerprint. You can then choose from any of the options to secure the app. Once set, you will always have to enter your code or scan your fingerprint when making a payment or checking account balance.

paytm-password-protect-appIn case, you don’t want to use the security feature anymore, you can go back to Profile -> Security & Settings -> Android Security Feature, and tap on the slider. Before you disable the feature, you will be asked to reconfirm the code or fingerprint that you had set.

Since the demonetization move, Paytm has introduced a host of new features and improvements. It recently launched an in-app PoS feature, which allows customers to pay to merchants using their credit/debit cards. Recently, it also introduced a toll-free number that lets users transfer money without really requiring an internet connection. The company has revealed that it is on course to complete two billion transactions this year, which surpasses its own expectations. ALSO READ: Paytm actually means Pay To Modi , Rahul Gandhi takes a dig at demonetization

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  • Published Date: December 8, 2016 5:49 PM IST



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