ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

After MobiKwik, Paytm now launches cashless services for feature phone users

The move comes a majority of Indian users still use feature phones, especially in rural India.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
After MobiKwik, Paytm now launches cashless services for feature phone users
Mobile wallet for feature phone users. Photo: Pixabay

Paytm finally announced a service for feature phone users to use their mobile wallet services. The company said this service will be able for non-smartphone users and those consumers and merchants without an internet connection to pay and receive money instantly and also recharge their mobile phones.

The user have to dial a toll-free number 180018001234 to use the service. In the first step, customers and merchants need to register with Paytm with their mobile number and set their 4 Digit Paytm PIN. 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.

Also read: MobiKwik launches Lite mobile wallet app for feature phone users

This announcement Paytm comes after rival mobile wallet company launched 'MobiKwik Lite' for feature phone users. This decision by mobile wallet companies had come after demonetisation hit the country last month and nearly 50% of Indians still use feature phones on which mobile wallets services were not accessible. This put a large majority of Indians out of reach from cashless services.

Also read: Digital wallets on an offensive but how do people with feature phones benefit?

Nitin Misra, Sr Vice President – Paytm said, “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 go cashless.”
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
PaytmMobikwikfeature phonesMobile PhonesSmartphonesCashlessmobile walletIT
Written By: ZeeBiz WebTeam
Updated: Wed, Dec 07, 2016
12:29 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
MobiKwik launches Lite mobile wallet app for feature phone users MobiKwik launches Lite mobile wallet app for feature phone users
Digital wallets on an offensive but how do people with feature phones benefit? Digital wallets on an offensive but how do people with feature phones benefit?
Not mobile wallets, cash will still be king in India Not mobile wallets, cash will still be king in India
5 things that will help you decide if you should put your money in a mobile wallet 5 things that will help you decide if you should put your money in a mobile wallet
Should you give up your bank account for a mobile wallet? Should you give up your bank account for a mobile wallet?

LATEST NEWS

Budget 2023: FM Nirmala Sitharaman announces package for "Vishwakarma" artisans; move to integrate them with MSME value chain

Budget 2023: FM Sitharaman proposed to extend Rs 50,000 standard deduction to salary earners under new tax regime

Budget 2023: Massive hike in Senior Citizen Savings Scheme, Post Office Monthly Income Scheme; Govt doubles deposit limit | Details

Budget 2023: FY24 fiscal deficit target at 5.9%, says FM Nirmala Sitharaman

Budget: Govt to cut import duty on raw material for lab-grown diamonds

Anil Singhvi strategy on Budget day: Key market triggers, important Nifty50, Nifty Bank levels to track pre- and post-Budget today

Budget 2023: FM Nirmala Sitharaman outlines 7 priorities to guide India in Amrit Kaal- what are they

Sanjiv Bhasin stocks, strategy on Zee Business: BUY Bank of Baroda, IDFC First Bank, Concor, Ultra Tech, SBI | Check price targets

Should you buy, hold or sell Coal India shares after Q3 results, dividend announcement?

Budget 2023 HIGHLIGHTS: Key takeaways on income tax changes, LTCG, custom duties, what becomes costlier & cheaper and much more

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV