Demonetization could be a disaster for the public, but PayTM cashed it very well and has been in meteoric rise ever since.
Adding one by one, the company is now offering every major service/product wanted by the public.
PayTM Introduces Credit Card Services with Cashback Offers
Starting from Mall, it is offering almost all the goods that are offered by Flipkart and Amazon. Similarly, it has its own banking service and then went onto providing individual and customized investment opportunities by mutual funds through PayTM Money.
Gradually, it’s turning every major feature of it into a standalone app/business and earn rapidly.
Now’s the time for another financial instrument. PayTM has just introduced credit card services on the name of PayTM First Card. With Citibank as a partner, this offer let customers avail credit through a physical card with a limit of this feature resides in the PayTM First section and can be applied through it, wherein the company scrutinizes the digital behavior of the customer before accepting it.
This feature is like a mere extension of its credit services, where the app is already giving credit loans to users with various limits.
Talking about this launch, CEO and Chairman, Vijay Shekhar Sharma told, “Our new offering is designed to bring the utmost flexibility to our customers in their digital payment options. It will help spur large-ticket cashless payments.”
Furthermore, availing this service shall give users an unlimited one percent cash back on all purchases, credited to the card automatically. And Rs.10,000 worth promo codes if spent more than Rs.10,000.
The First card (credit card) is internationally accepted and comes with a subscription cost of Rs.500 per annum, but this can be waived off if the amount spent in that concerned year exceeds Rs.50,000.
What do you think of this? Would you take this? Or not!