Paytm (One 97 Communications) is introducing Gold Coins as a reward for every transaction made on its platform. These coins can be converted into Digital Gold. The initiative supports GST savings and Atmanirbhar Bharat. UPI, credit, and debit card payments qualify for Gold Coins. Payments via credit cards and RuPay credit cards on UPI earn double Gold Coins.
Gold Coin Rewards on Every Paytm Payment
Paytm is launching a new feature that allows users to earn Gold Coins on every transaction, including Scan & Pay, online payments, money transfers, recharges, bill payments, and recurring payments. These Gold Coins can be seamlessly converted into Digital Gold.
Eligibility and Benefits
Payments made using UPI, credit cards, and debit cards are eligible for earning Gold Coins, enhancing the appeal of digital transactions. Furthermore, payments made with credit cards and RuPay credit cards via UPI will earn double the Gold Coins. These rewards can be converted into Digital Gold, encouraging long-term savings.
Aligned with Atmanirbhar Bharat Vision
This initiative aligns with the Government’s vision of Atmanirbhar Bharat, helping channel household and business savings into Digital Gold. By enabling GST-driven savings to be converted into digital assets, Paytm aims to promote financial security and wealth creation.
Impact on Users
By converting Gold Coins into Paytm Digital Gold, the company aims to add value to digital payments. This initiative comes at the start of the festive season. 100 Gold Coins can be redeemed for ₹1 actual gold.
Official Statement
According to a Paytm Spokesperson, gold has always been significant in Indian households and businesses. The new feature rewards every payment with Gold Coins that can be converted into Digital Gold.
Source: BSE
