In an attempt to support the Government of India's cashless economy move, online payments company Paytm on Wednesday launched payments method on feature phones for non-internet users.
To avail the service, consumers and merchants can dial Paytm's toll free number 1800-1800-1234 from their phones without an internet connection to pay and receive money instantly and can also recharge their mobile phones.
“We are committed to enabling more and more Indians to be able to transact digitally. The launch of our new toll free payment number is another significant step in that direction. This will allow even non-smartphone users across India to go cashless,” Paytm senior vice president Nitin Misra, said in a statement
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To use this service, users need to first register with Paytm with their mobile number and set their four digit Paytm PIN (Personal Identification Number) or password, cited the company.
Users 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.
Paytm is accepted everywhere including taxis, autos, petrol pumps, grocery shops, restaurants, coffee shops, multiplexes, parking, pharmacies, hospitals, kirana shops and many more.
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11:45 AM IST