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How Paytm Is Helping People In Combating The Hurdles Caused By Demonetization?


Paytm is one of the largest online payment gateway and recharge portal in India. It was launched in 2010 and over six years it has gained immense popularity all over the nation. Moreover, Paytm also has Reserve Bank of India (RBI) approved license to establish India’s first payment banks. All the existing users of Paytm find the mobile wallet system and the online recharge facility to be highly reliable and secured process to go with. Paytm has also partnered with leading online shopping stores like Flipkart, Snapdeal and Amazon to help people buy their favourite goods through Paytm mobile wallet system and there is also no need of sharing debit card details and other sensitive informations on the internet. Paytm has revolutionised online payment trend and has been influencing it positively without any hindrances for 6 years.

Paytm Is Helping People In Combating The Hurdles Caused By Demonetizatio

Ever since the government of India has introduced demonetization of 1000 and 500 rupee note and introduced the new 2000 and 500 note, the move has been welcomed by all the honest citizens of India. However, small businessmen and many common people, often found it difficult to segment the amount of 2000 and 500 note into 100 rupees. In a situation, where the development of nation is on the anvil despite tides of certain inconvenience, all the honest citizens of India stood strong and cooperated with the government efforts to demonetise, and in order to bolster such historical move and bring some light of comfort among Indians, Paytm rushed to help people resolve any issues and hindrances bypassing demonetisation.

Paytm account holders in India are shielded from any of the despondency born out of demonetisation. Many of the local stores, both big and small nowadays have Paytm accounts. Thus people, whosoever is having their own Paytm accounts could easily purchase essential items by making transaction through Paytm mobile wallet. Furthermore, there is absolute no need to share sensitive informations regarding debit or credit card details or swiping them in a POV machine. Paytm also made life very much easy in the period of demonetisation as people do not have to stand in long queues to exchange old notes of 1000 and 500. Since hundreds of people are rushing to the banks or ATMs to exchange old currency and many times finding them to be cashless, such a frustrating moment could be avoided by possessing Paytm wallet.

Paytm Mobile Wallet

Since Paytm mobile wallet is very easy to download and most of the people dwelling in rural areas are very much well acquainted with smartphones, making a Paytm mobile wallet account and initiating transaction through it would be very much beneficial and fruitful. For the parents willing to get their sons and daughters married to someone could also use paytm wallet to pay for their necessities like wedding hall, attires, jewelleries, and catering services to name a few. Even they could purchase gifts for their relatives through Paytm mobile wallet and enjoy the wedding occasion. The finest attribute of Paytm is its technical maturity, for the transaction process is fast and could be easily accomplished within a few steps. People could use Paytm coupons, available at popular online coupon stores like CouponChaska and use it during transaction to get price reduction in the form of discounts or other offers.

Paytm wallet is highly secured and easy to use, and one can also use it while online shopping. E-commerce giants such as Amazon, Jabong, Paytm, and Snapdeal have partnered with Paytm to allow people to purchase goods by leveraging Paytm mobile wallets offers and that also with exciting cashback and discount benefits. Since the emergence of new 2000 and 500 rupee notes also lead to difficulty in segmenting into 100 rupees change, Paytm thereon played its significant role in buying essential commodities and household goods without getting intimidated by through of how can one give change of 2000 rupee note for a purchase worth 100 rupee. Based on reports, the number of mobile wallet users have increased four times than what was before, and Paytm account holders have accounted to almost half of it.

Paytm’s unparalleled contribution to make the demonetisation go smoother and procuring safe cashless transaction has been adored by many people all over India.


CEO and Founder of Slashsquare, Indian Blog Network and Web Consulting Media. HBB is a part of Slashsquare Network. I'm a Tech Blogger, Striving Entrepreneur, Atheist, and Proud Indian. Catch me on Facebook and Twitter.

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