Why does Paytm ask to verify phone number and email

My Account
Why does Paytm ask to verify phone number and email?

App
At Paytm, your mobile number is your account identity. We send information related to your orders and transactions through SMS and email, so it is important that we have your correct mobile number and email address. You will need a verified mobile number and email address for the following reasons:

  1. Whenever you forget your login details like password, we send verification details to your registered mobile number /email address
  2. If someone else tries to transact through your account, we send a notification to your registered mobile number or email address
  3. If you want to change your email address or mobile number, you will be sent notifications to your previous credentials. This is purely for your own security and if you do not have access to previous mobile number or email address, our Customer Support Team will be happy to help you Click here

Web
At Paytm, your mobile number is your account identity. We send information related to your orders and transactions through SMS and email, so it is important that we have your correct mobile number and email address updated with us. You will need a verified mobile number and email address for the following reasons:

  1. Whenever you forget your login details like password, we send a verification detail to your registered mobile number /email address
  2. If someone else tries to transact through your account, we send a notification to your registered mobile number/ email address
  3. If you want to change your email address or mobile number, you will be sent notifications to the previous credentials: This is purely for your own security and if you do not have access to previous mobile number / email address, our Customer Support Team will be happy to help you (https://paytm.com/care)