In order to mark the six years of Digital India mission, PayTm has launched a guaranteed cashback offer on Friday. The popular digital payment application company said that they have set aside Rs 50 crore for cashbacks on transactions done by merchants and customers through its app.
Assured Cashback For Every User & Merchant
The company said that for every transaction made through Paytm application users shall get a cashback. Even those who are paying bliss at the stores by scanning Paytm QR code, will be eligible for a cashback.
In order to enable the merchants to accept payments from all UPI based apps, the app ‘All-in-One QR’ was launched by the company last year. The users can scan any QR code of any UPI app and make the payment with the payment app.
For the merchants who are using the digital payment application, the company has also unveiled a special initiative.
Merchants with the largest number of transactions made through the Paytm app, will receive certificates and exciting rewards – Soundbox and IoT devices – from Paytm. The bound IPO company will train the seller on how to use it digitally. The company plans to launch ground-breaking operations with vendors in 200 regions.
Along with the guaranteed refund, Paytm will also offer its Soundbox a 50% discount on its business plan to eligible merchants. The guaranteed refund will be valid for the next six months.
The CEO & Founder of Paytm, Vijay Shekhar Sharma said that when it comes to the Digital India mission, the country has made significant strides and the mission is bound to contribute to the country’s growing economy. By redefining digital payments in our country, the company feels honoured. Top merchants shall be recognized in the Guaranteed Cashback offer. The founder says that it is these merchants who are at the heart of India’s growth.
Digital India Mission & Paytm
The president and CEO of Digital India Mission, Abhishek Singh said that over the period of past six years, the mission has grown leaps and bounds to put India on the global innovation map.
He also lionized Vijay Shekhar Sharma for having faith in this mission and leading the Indian entrepreneurial ecosystem through Paytm. The Guaranteed Cashback offer by Paytm shall encourage India’s millions of merchants to trust digital payments and come on the path of innovation and contribute to the cashless economy.
Paytm has played an important role in the technology and has empowered thousands of customers and vendors through a fast and easy digital payment system after demonization. Over the years, Paytm has built a wide range of stacks including Paytm wallet, debit and credit cards, UPI, net banking, Paytm Postpaid among others.
One97 Communications, which owns and operates Paytm, plans to raise Rs 12,000 million for new shares in the first public offering (IPO).
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