With this move, Paytm users will be able to use the cards with the merchants who do not have option for Paytm.
One of the most successful Indian startup “Paytm ” is always known for its innovative and bold ideas. With this move paytm users will be able to pay by Paytm cards where there is no option to pay via paytm.
It will surely add much value to it’s users, For instance, Taxi firm Uber uses Paytm, but some of its peers don’t. Similarly, leading e-commerce companies that may be competing with Paytm in the e-commerce space also do not use Paytm.
However, after this card is rolled out, consumers can shop from rival e-commerce sites or book a cab from aggregators other than Uber using their Paytm money.
” Users will also not hesitate to put money into the wallet as they know they can withdraw it from anywhere with the cards,” Nitin Kaushik said ( on of the long term paytm user )
It will be a great addon to Paytm Payments Bank — India’s first bank with zero charges on online transactions, no minimum balance requirement and free virtual debit card.
Recently Axis bank acquired Free charge, we have to wait and see how they can use the online wallet service with the bank operations.