PayTm is giving ₹100 Cashback on UPI Payment- Know the full process

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The News

Paytm has announced Paytm cashback and other incentives on UPI money transfers for the Paytm India vs. West Indies ODI and T20 matches, which will take place from February 6th to February 20th, 2022. On matchdays, new customers can take advantage of the ‘4 ka 100 cashback offer,’ which guarantees a cashback of Rs. 100 for money transfers made through cashback Paytm UPI. This discount will be available to new users on any money transactions of Rs. 4 or more.

The upcoming ODI and T20 series between India and the West Indies would entice both cricket fans and non-sports fans alike. Paytm App users will be able to take advantage of a ‘4 ka 100 cashback’ offer on matchdays, according to a report by Mint.

Some Engaging Facts

Furthermore, by engaging in the referral programme, consumers can earn additional rewards. Both the referrer and the referee can earn up to $100 in rewards when a user recommends friends and family to join Paytm UPI payment money transactions.

According to the new norm, anyone who sends Rs 4 using Paytm UPI will be eligible for a guaranteed payback of up to Rs 100. From February 6 to February 20, an ODI and T20 series will be held.

The Promotional Step

Paytm also ran an online campaign with Indian players Yuzvendra Chahal and Harbhajan Singh, as well as Chris Gayle of the West Indies, to promote the deal. Using the Paytm app, users may sign up for Paytm UPI in a matter of minutes. It allows them to make secure and seamless online payments straight from their bank account. They may also scan any UPI QR code to instantly see the balance of the associated account and make payments.

Why PAYTM is so preferred by the users?

According to NPCI data, Paytm Payments Bank is the most popular beneficiary bank for UPI transactions, with a total of 926 million transactions in December 2021. It is also one of the most popular remitter banks for UPI transactions. With the lowest technical decline rates in India, the Bank’s solid technology has enabled it to offer seamless, safe, and ultrafast UPI money transactions.

“Paytm UPI provides ultrafast and secure money transactions, bringing convenience to millions of consumers”. We want to commemorate the approaching cricket season with our users by offering a special cashback incentive of Rs. 100.”

-Narendra Yadav, Vice President of Paytm

Additional Features

Multiple bank accounts can be operated from a single smartphone application using UPI, or United Payments Interface. The application includes a number of capabilities, including money transfers and other banking functions. The National Payments Corporation of India (NPCI) introduced the Unified Payments Interface (UPI).

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The Final Fact

Paytm UPI, according to Mint, was one of the biggest UPI beneficiaries. In December 2021, it had a total of 926 million transactions. Paytm UPI has the lowest rate of technical decrease in India, according to the research.

FAQs

  1. How much is Paytm cashback points worth?

    One rupee is equal to ten Paytm First points.

  2. How can I redeem Paytm cashback points?

    Scroll down to the 'Cashback and Offers' section of the Paytm application. 'Cashback & Offers' is where you'll find it.

  3. Can I convert Paytm cashback to cash?

    Choose “Cashback and Offers” from the drop-down menu. “Cashback Points” should be selected. To convert to Paytm balance, go to the bottom of the page and click “Convert to Paytm Balance.” Choose the number of points you want to convert to cash.

  4. How can I claim 1000 reward in Paytm?

    In a month, you can earn up to $1,000 in rewards. To be eligible for the deal, merchants must dial 7291993949 from their Paytm registered mobile number. Within 48 hours of the eligible transactions, cashback will be credited to the merchant's wallet.