Monday, July 24, 2017

.@Paytm offering' digital gold' as cashback on transactions

Bengaluru: Paytm has partnered with gold refiner, MMTC-PAMP to allow consumers to buy gold for as low as Rs.1.Under the partnership, Paytm wallet holders could purchase 24K 999.9 purity gold online and store it in MMTC-PAMP's secure vaults free of charge.

Krishna Hegde, Snr. Vice President – Paytm said, “We have observed that many of our customers were shopping and converting their cashback into pure gold. To encourage this trend further, we are introducing cashback as Paytm Gold. Now you can save gold for long-term wealth creation irrespective of location or income level. That means, whether you are shopping online, paying utility bills or buying movie/travel tickets, you can earn pure gold kept for free in MMTC-PAMP’s secured lockers. This will transform the way the Indian consumer saves.”