Source: News Bharati English07 Dec 2016 12:52:12
New Delhi, December 7: In order to promote cashless economy in country and to make easy payment process Paytm has taken a great initiative. Like to tell you that, Paytm on Tuesday has announced a toll-free number i.e 180018001234 to enable offline transaction between consumers and merchants.
To avail this facility, users will have to first register their mobile number and set a four-digit PIN to use the service. Once registered, they 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.
It is important to note that a particular user will need an existing Paytm account to use this service. You will have to call this Toll Free number from your mobile number registered with Paytm.
Like to tell you that both private and institutional customers, can transfer funds between wallets. Mobile recharge facility is also available over the toll-free number.
Now there is no compulsion of having internet connections or smart phone for various transactions. It will definitely encourage people let them be rich or poor to use such method for their various transactions. After demonetisation, a cash crunch has been occurred due to which people are facing several problems. Above step of Paytm will empower millions of non-smartphone users to go cashless even without a smartphone.