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  Business   In Other News  07 Dec 2016  Paytm launches offline transfer

Paytm launches offline transfer

THE ASIAN AGE.
Published : Dec 7, 2016, 2:04 am IST
Updated : Dec 7, 2016, 2:49 am IST

The feature will empower millions of non-smartphone users to go cashless even without a smartphone.

Paytm on Tuesday announced a toll-free number (180018001234)  to enable offline transaction between consumers and merchants. (Photo: Representational Image)
 Paytm on Tuesday announced a toll-free number (180018001234) to enable offline transaction between consumers and merchants. (Photo: Representational Image)

Hyderabad: Paytm on Tuesday announced a toll-free number (180018001234)  to enable offline transaction between consumers and merchants.  

The feature will enable Paytm to tap into a new section of consumers as previously, internet connection was a basic requirement for Paytm users to pay or  receive money instantly and to recharge their mobile phones.

 

The feature will empower millions of non-smartphone users to go cashless even without a smartphone.

To use this service, as a first step, customers and merchants need to register with Paytm with their mobile number and set their 4 Digit Paytm PIN. They can then enter the recipient’s mobile number, amount and their Paytm PIN to successfully transfer the money from their Paytm wallet to another Paytm wallet.

Tags: paytm, cashless, paytm toll-free number