Post demonetization Paytm has been the talk of the town lately as it has seen a huge surge in the number of users and generation of huge margins within a short period of time.
Moreover, the e-commerce and digital wallet platform has facilitated many people to carry out daily transactions online through their website or the app even during the cash crunch situation.
After achieving some success and in a bid to enable more and more Indians to transact digitally, Paytm is now making another move.
The digital payments platform has recently announced a toll-free number to enable people without an internet connection to pay and receive money instantly and also recharge their mobile phones.
An Important Move
Paytm's move might be an important move as internet connectivity is not always up to the mark and continued disconnections are stopping users from using the Paytm app.
With the introduction of the toll free number, both users as well as the merchants can now use the feature to pay and receive money and recharge their mobile phones also.
As such, this will empower millions of non-smartphone users to go cashless even without a smartphone.
How to Use the Service?
Well, in order to use this facility, as the first step customers and merchants need to register with Paytm with their mobile number and get the four digit Paytm PIN just like any ATM PIN.
Then the users need to call the toll free number 1800-1800-1234 and enter the contact number of the recipient and the Paytm PIN to successfully transfer the money from one wallet to another.
This move can certainly be a game changer as Paytm is already offering its digital cash services for users to pay in Taxis, Autos, Petrol Pumps, grocery shops, restaurants, multiplex, parking, pharmacies, hospitals, etc.
Paytm can also be used to pay for services like recharges and bill payments, utility payments, movie tickets, travel bookings, food ordering and shopping.
Promoting Cashless Transaction
Now it looks like the company is inching closer to its aim of making cashless transactions a way of life across India.
Nitin Misra, Senior Vice President at Paytm has also stated that Paytm was committed to enabling more and more Indians to be able to transact digitally. The launch of the company's new toll free payment number is surely a significant step in that direction. He further added that the move would allow even non-smartphone users across India to go cashless.
Significantly, over a million offline merchants across India accept Paytm as their preferred payment mode.