How to Transfer Money from PhonePe Wallet to Paytm or Google Pay

In today’s digital world, making seamless transactions between different payment platforms is crucial for users. While PhonePe, Paytm, and Google Pay are three of India’s most popular digital wallets, they operate as separate platforms, which means that transferring money directly from PhonePe Wallet to Paytm or Google Pay is not a built-in feature.

However, there are still ways to move funds between these wallets using indirect methods like bank transfers or using UPI (Unified Payments Interface). This guide will walk you through the steps to transfer money from your PhonePe Wallet to Paytm or Google Pay using these available methods.

Can You Transfer Money Directly from PhonePe Wallet to Paytm or Google Pay?

No, PhonePe does not offer a direct transfer option that allows you to send money from your PhonePe wallet to another digital wallet like Paytm or Google Pay. This limitation is due to the different wallet ecosystems these platforms use. However, you can transfer money from PhonePe to your bank account and then use that balance to add funds to Paytm or Google Pay. Here’s how to do that:

Method 1: Transfer Money from PhonePe Wallet to Bank Account and Then to Paytm or Google Pay

This is the most common and simplest method to move funds from PhonePe to Paytm or Google Pay. Follow these steps:

Step 1: Transfer Funds from PhonePe Wallet to Your Bank Account

1. Open PhonePe: Launch the PhonePe app on your smartphone.
2. Go to ‘My Money’: Tap on the ‘My Money’ tab at the bottom of the screen.
3. Select ‘Wallet’: Under the ‘Wallet’ section, you’ll see your PhonePe wallet balance. Tap on it.
4. Click on ‘Withdraw’: Choose the option to ‘Withdraw’ or ‘Transfer to Bank Account’.
5. Select the Amount: Enter the amount you wish to transfer to your linked bank account.
6. Complete the Transaction: Choose your bank account from the available options and enter your UPI PIN to confirm the transfer.

The funds should appear in your bank account within 2-3 business days. In some cases, the transfer can be completed instantly if your account supports IMPS (Immediate Payment Service).

Step 2: Add Money to Paytm or Google Pay

Once the money is available in your bank account, you can transfer it to Paytm or Google Pay. Here’s how:

To Add Money to Paytm:

1. Open Paytm: Launch the Paytm app on your phone.
2. Go to ‘Add Money’: Tap on the ‘Add Money’ option on the home screen.
3. Enter the Amount: Select the amount you wish to add (same as the amount you transferred from PhonePe).
4. Choose Payment Method: Select ‘Bank Account’ as the payment method and proceed.
5. Complete the Transaction: Choose the bank account from which you want to transfer the funds and complete the transaction.

To Add Money to Google Pay:

1. Open Google Pay: Launch the Google Pay app on your device.
2. Tap ‘Add Money’: Tap on ‘Add Money’ from the main dashboard.
3. Enter the Amount: Choose the amount to be added (same as the one transferred from PhonePe).
4. Select Bank Account: Choose your linked bank account to transfer the money.
5. Complete the Transaction: Confirm the transaction by entering your UPI PIN.

Method 2: Transfer via UPI (Unified Payments Interface)

You can also use UPI to transfer money between wallets. UPI enables you to link your PhonePe account, Paytm, and Google Pay to your bank account, allowing seamless payments and transfers between these platforms.

Step 1: Link Your UPI ID with Bank Account

1. PhonePe: If you haven’t already, link your bank account to PhonePe by going to the ‘My Money’ section, tapping on ‘Bank Account’, and following the instructions to link your UPI ID.
2. Paytm: Open Paytm, go to ‘Bank’ and link your UPI ID if not done already.
3. Google Pay: Open Google Pay, go to ‘Bank Accounts’ under the ‘Payment Methods’ section, and add your UPI ID linked to your bank account.

Step 2: Use UPI for Transfers

Once UPI is linked to all three platforms, you can easily transfer money between them using your UPI ID:

1. Send Money via UPI: If you wish to transfer money from PhonePe to Paytm or Google Pay, you can do so by selecting ‘Send Money’ in PhonePe, choosing ‘UPI Transfer’, and entering the UPI ID of the recipient’s Paytm or Google Pay account.
2. Receive Money: When transferring to your Paytm or Google Pay account, simply provide your UPI ID (which is the mobile number linked to your account) to the sender, and they can send funds via UPI.

This method works well for peer-to-peer transfers but may require you to manually enter the recipient’s details.

Things to Keep in Mind

• Wallet Limits: Ensure that your PhonePe wallet balance is within the wallet limit. PhonePe typically allows up to ₹10,000 in wallet balance for unverified accounts. To increase the wallet limit, complete your KYC (Know Your Customer) process.
• Transaction Fees: While bank transfers using UPI or wallet transfers do not typically incur additional fees, check for any charges from the bank or payment gateway.
• Processing Time: Bank transfers may take anywhere from instant to 2-3 business days to process depending on the method used (IMPS or NEFT).
• PhonePe Account Verification: Ensure your PhonePe account is verified to be eligible for withdrawing money to your bank account.

Conclusion

Although there’s no direct method to transfer money from PhonePe Wallet to Paytm or Google Pay, using a bank transfer or UPI (Unified Payments Interface) is a viable solution. You can transfer funds from your PhonePe wallet to your bank account and then add them to Paytm or Google Pay. Alternatively, UPI allows for more seamless transactions between these platforms.

By following these steps, you can easily move funds between PhonePe, Paytm, and Google Pay and enjoy the flexibility of managing your digital wallet balances across platforms.