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Business Other News 07 Dec 2016 Paytm launches offli ...

Paytm launches offline transfer

DECCAN CHRONICLE.
Published Dec 7, 2016, 1:00 am IST
Updated Dec 7, 2016, 1:14 am IST
The feature will empower millions of non-smartphone users to go cashless even without a smartphone.
To use this service, as a first step, customers and merchants need to register with Paytm with their mobile number and set their 4 Digit Paytm PIN.
 To use this service, as a first step, customers and merchants need to register with Paytm with their mobile number and set their 4 Digit Paytm PIN.

Hyderabad: Paytm on Tuesday announced a toll-free number (180018001234)  to enable offline transaction between consumers and merchants.  

The feature will enable Paytm to tap into a new section of consumers as previously, internet connection was a basic requirement for Paytm users to pay or  receive money instantly and to recharge their mobile phones.

 

The feature will empower millions of non-smartphone users to go cashless even without a smartphone. To use this service, as a first step, customers and merchants need to register with Paytm with their mobile number and set their 4 Digit Paytm PIN. They can then enter the recipient’s mobile number, amount and their Paytm PIN to successfully transfer the money from their Paytm wallet to another Paytm wallet.

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