5 financial services offered by Paytm you should know about
Paytm is Noida-based E-commerce start-up that mainstreamed digital wallets in India, and helped us get rid of the unnecessary hassle of making cash payments. Founded by Vijay Shekhar Sharma in 2010 with mobile and DTH recharge as its primary functions, Paytm today offers a plethora of financial services to its huge user-base. Here are 5 financial services offered by Paytm you should know about.
How about a bank in your pocket?
India's most sincere bank, as they call themselves, Paytm Payments Bank offers saving account with no opening charges and zero minimum balance requirements. Account holders can deposit upto Rs. 1 lakh and enjoy benefits such as RuPay debit cards, real time updated Passbook, interest at 4% per annum, and so on. Notably, users need to complete their KYCs to get their accounts activated.
Prepaid Forex cards by Paytm
Paytm offers prepaid Forex cards which makes travelling abroad easy. Forex prepaid cards are the safest way of carrying currency in the form of VISA/Mastercard cards which are accepted globally. Paytm also offers Forex cash which has a limit capped at $3000 or equivalent. The rates displayed are constantly refreshed on a real time basis.
Paytm has truly made buying gold a cakewalk!
Investing in physical gold is quite an old-school thing to do now. Do you know you can invest in gold on Paytm? It allows you to acquire as little as you want, and there's no need to spend a huge amount at once. The quantity one need to redeem is minimum 1 gram and you can transact even on public and bank holidays.
Experience the new age mall: Paytm Mall
Paytm offers plenty of merchant cashbacks on its website, which can be redeemed on next-purchases from the app itself. Users just need to redeem promo codes to get the required cashback. With the introduction of the Paytm Mall, brands sell their products on Paytm like pancakes. The products are available at huge-discounts, and the additional cashbacks are cherry on the cake.
Time to satisfy your taste buds!
Paytm Food Wallet is a facility for all the employers who consider employee welfare a priority. It lets users to pay seamlessly through the app with some exciting offers round-the-year, eradicates the need for physical cards, and also facilitates tax-saving. Paytm Food Wallet is compliant with I-T and RBI norms and food allowance is just a click away through an intuitive corporate dashboard.