India’s digital e-commerce service Paytm recently announced the expansion of its rental payment services and included new forms of payment to expand the range and increase the quality of user experience and engagement. . The platform also announced cashback points of up to Rs 10,000.
Owned by One97 Communications, Paytm already offered payment options for house rent, property deposit, free brokerage, store rentals, and token money. Now users can also use rental services for weddings such as venue, catering and decoration, car and furniture rental, company maintenance, and guest house rental.
Combined with the addition of rent payment forms, the digital payment start-up also offers a variety of payment options such as Paytm UPI, Paytm Postpaid (buy now, pay later), credit cards and debit and Net Banking. Users can easily manage their transactions and track their payments, the company said. This is done to improve the convenience factor for the users.
Payments of the various rents can be made directly to the UPI identifier of the beneficiaries and the money will be deposited into their bank account. It can also be done by entering the bank details of the beneficiaries. If the payment on Paytm is made by credit card, the payer can get a cashback of up to Rs 10,000. Also, if existing users refer a friend to the rent payment function, then they have a chance. to earn 10,000 cashback points.
A spokesperson for Paytm said paying rent is an important category on the platform. The extension of the rent payment function to include car rental, furniture, wedding services and guest house payment is made to accommodate more use cases and bring more convenience to households, âthe spokesperson said. According to the release, the new variety the platform has achieved regarding payment options will help users pay their rent on time, while potentially earning great rewards and cash back rewards.
Here is how you can use the rent payment function by Paytm
-Open the platform and select “Reload and Pay Bills”.
– Under the section, select “Rent payment”.
-It will redirect you to a page where you can either enter the beneficiary’s bank details, or enter the UPI ID of the beneficiary.
-Enter the amount and select the desired payment method. Select “Confirm”.
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