Paytm introduces ‘7Pe70’ Guaranteed Cashback for in-store QR payments
Paytm’s QR has redefined payments in India, enabling merchants and consumers to pay & accept mobile payments across lakhs of stores. It has also offered hundreds of thousands of small shopkeepers access to convenient mobile payments for the first time. This network effect has triggered a rapid parallel shift in consumer behavior towards going cashless.
In a bid to further encourage mobile in-shop payments, Paytm is currently running a promotional offer where every Paytm user will get assured cashback of Rs. 70 on making seven payments at offline stores until 28th February 2018. Participating in this offer in easy – users can give a missed call on 72109-72109 from their registered Paytm mobile number.
This offer is applicable across India at Grocery Stores, Retail Stores, Restaurants, Petrol Pumps, Dairy outlets, Pharmacies, Parking, Auto/taxi Rides, Hospitals, Automobile Services, Beauty & Fitness etc. on payments done by entering mobile number or by scanning QR Code at selected merchants registered with Paytm. The cashback will be credited within 48 hours of successful payment.
– Flat ₹70 Cashback after making seven transactions at stores using Paytm QR
– Users can give a missed call on 72109-72109 from their registered Paytm mobile number to participate
Paytm is an Indian e-payments and e-commerce brand based out of Delhi NCR, India. Launched in August 2010, it is a consumer brand of parent company One97 Communications. The name is an acronym for “Payment Through Mobile”. The company employs over 13,000 employees as of January 2017 and has 3 million offline merchants across India. It also operates the Paytm payment gateway and the Paytm Wallet.
Among other sources of funding, in 2015, Paytm became the first Indian company to receive funding from Chinese ecommerce company Alibaba, after it raised over $1 million at a valuation of $1.5 billion. The Alibaba Group was the biggest stakeholder in Paytm parent company One97 Communications.