Yes, Paytm will now offer Paytm Gold as cashback on transactions. So, now, users can choose to receive their cashback in their Paytm Wallet or as Paytm Gold.
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Paytm Wallet Or Paytm Gold?
Paytm has partnered with the gold refiner, MMTC-PAMP, which apparently allows users to buy gold for as less as Re 1. As a result of the partnership, Paytm wallet holders could purchase 24K 999.9 purity gold online.
The gold will be stored in what MMTC-PAMP says are 100 percent secure insured lockers. Paytm said that more than 60 percent of its users are choosing to buy and accumulate gold. Paytm is getting into wealth management space with Paytm Gold.
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Users will receive the option to opt for a special promo code enabling them to convert their cashback into Paytm Gold. What do you guys think about Paytm Gold? Are you going to try? Let us know in the comment section below.
Krishna Hegde, Vice President, Paytm said;
Now you can save gold for long-term wealth creation irrespective of location or income level. That means, whether you are shopping online, paying utility bills or buying movie/travel tickets, you can earn pure gold kept for free in MMTC-PAMPs secured lockers. This will transform the way the Indian consumer saves.
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