Gold seems to look cheaper on PayTM. That’s what the partnership between MMTC-PAMP and Paytm proves. Based on this partnership, consumers can buy gold for an amount as low as Re.1. The Paytm wallet holders can buy 24K 999.9 purity gold online and store it in MMTC-PAMP’s secure vaults free of charge. The cashback on the transactions are the major highlight on Paytm usage. Now PayTM has come up with ‘digital gold’ as the aspect to be received on the ‘cashback concept’.
Paytm said “users can choose to receive their cashback in their PayTM Wallet or as PayTM Gold”. It added “The company aims to encourage the habit of saving each time they spend, thus achieving long-term wealth creation for its users. Accumulated gold can be delivered or sold back to MMTC PAMP instantly.” The company revealed that the Customers will receive the option to opt for a special promo code which will enable them to convert their cashback into Paytm Gold.
The Vice President Krishna Hegde said “To encourage this trend further, we are introducing cashback as Paytm Gold… whether you are shopping online, paying utility bills or buying movie/travel tickets (through Paytm), you can earn pure gold kept for free in MMTC-PAMP’s secured lockers.”
The process of including digital gold will pull a large market in India for Paytm as the company knows as to how much the consumers here are inclined towards gold and Paytm has made it quite easy to fulfill one of the important and ‘precious’ purchases for the consumers in India. In other words, the source is easily accessible.
More such favorable features from Paytm have made it easy for consumers with regard to the transactions involved therein. These kind of features have given relief to our Indian Market, where Gold is regarded as an investment rather than an expense!