The digital wallet can also be used for in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and education institutions with the Paytm QR code. Want to do something exciting over the weekend? Book movie tickets, air tickets, train tickets, bus tickets, concert tickets and amusement park tickets through Paytm. Spend quality time with your family and friends and save some money at the same time. With Paytm website and Paytm app, you can make payments and do Paytm recharge on-the-go.
Forget long queues for bill payments. You no longer need to go to the market or customer service centre every time you want to recharge your phone, data card or DTH.
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Just log onto Paytm and recharge your phone, data card or DTH in a jiffy. Paytm also has an exclusive collection of cars and bikes. You can shop for your dream car or bike through Paytm website and Paytm app. You will literally be spoilt for choice! The bank plans to expand its operations to 31 branches by the end of this year.
There is also no minimum balance requirement for the account. Account holders are also given a free virtual debit card.
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However, services like demand draft, physical debit card and chequebook, are chargeable. A nominal fee as per the industry standards would be applicable. Customers can also avail a number of financial services such as loan, insurance and Mutual Funds offered by Paytm partners. Currently, the Payments Bank savings account can be opened by invitation only. Digital wallets are really thriving right now. They gained even more popularity after the demonetisation drive by the Government of India.
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And now, the Digital India Programme is encouraging people to do away with cash payments and go for digital payments instead. The Paytm Wallet is a digital payment instrument from Paytm. You can use it, not only to pay for your online transactions but for your offline transactions as well. Each and every transaction is encrypted using the bit encryption technology. A digital wallet is of three types — closed, semi-closed and an open wallet. The digital wallet on Paytm is semi closed one. The means that it allows you to make payments to all merchants who are affiliated with them.
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Paytm, in particular, supports a number of those services and one of its popular features is the option to make utility bill payments. Users can take advantage of digital payments supported by Paytm to make payment for their utility bills. Users can pay for their electricity bills, gas bills, water bills and even do recharge for their metro card. Paytm is offering percent cashback every hour on electricity bill payments through its service. You can get cashback when you pay for utility bills via Paytm. The company notes that every hour, one lucky customer will get percent cashback on Paytm Electricity bill payments.
The promocode can be used only once per CA number and it is applicable only on electricity bill payments. The promocode can be used a total of three times per user and cashback will be credited within 24 hours of the transaction into Paytm Wallet of the user. Nokia 8. The maximum cash is limited to Rs on this offer.
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