Paytm has introduced out “Paytm Postcards.” It is a digital way of transferring money to your beloved ones on festivals in an envelope. Paytm rolled out this feature on the occasion of Diwali so that its consumers can gift money to each other in a digital way.
Paytm Postcards can be customized as per various occasions and consumers can write notes on them prior to sending money to each other. But both, the receiver and the sender, must be a Paytm consumer in order to utilize this new feature.
Paytm Postcards can prove themselves to be helpful on occasions such as Pongal, Raksha Bandhan, Ganesh Chaturthi, Onam, Diwali, Durga Puja, and others. Even in cases where corporate are providing money to its workers as a compensation, Paytm Postcards can be utilized.
Speaking about the roll out of this new Paytm feature, Senior Vice President of the company, Deepak Abbot, claimed, “People from all walks of life comprising traders, army men, and daily wage employees living away from house have a preference in transferring money to their beloved ones utilizing our platform. With Paytm Postcards, people will now be allowed to add an expressive touch to their gifts and increase the joy at the time of special festivities and occasions.”
Paytm is also looking forward to include credit products to its wallet and is associating with loaning firms such as LoanTap and ZestMoney, while Amazon India is anticipated to introduce a group of recharges for mobile and financial products as fraction of Amazon Pay. Sources reported that last week Flipkart had also been talking about the launch of financial products, counting insurance and mutual funds, with minimum 3 digital loaning companies who did not want to be identified.
While Paytm did not desire to comment due to regulatory tests on its payment bank, Lizzie Chapman, CEO of ZestMoney, claimed that the Bengaluru-based business enterprise was checking products to provide EMI to customers of Paytm on electricity bills and bus tickets. Satyam Kumar, CEO of LoanTap, claimed that they lately began providing loans to customers of Paytm on the basis of their transactions reflecting in the wallet.