India’s leading digital ecosystem for consumers and merchants Paytm has been running its “Cashback Dhamaka” program, which is a cashback festival. Aligned with the celebration of the festive season in the country, Paytm has been awarding 10 people with ?1 lakh cashback each everyday. So far, 130 users have won ?1 lakh cashback.
Users have been winning for payments made through all the payment options offered by the company — Paytm Wallet, Paytm UPI, Paytm Postpaid (Buy Now, Pay Later), credit cards/debit cards, Paytm PoS, All-in-One QR code, Soundbox among others.
Paytm users from Delhi, Maharashtra, Uttar Pradesh, Rajasthan, Kerala, Karnatakaand many other states have won so far. Many users said the win came to them at an opportune moment with the festivities around the corner, so they can buy gifts for friends and family.
But there were many interesting stories too. Tufan Maji, 26-year old farmer from Bardhman, West Bengal who won the cashback told Paytm that he will be using the winning amount to buy agricultural equipment. Pritam Das, a 22-year old winner from Assam, said he would invest the amount in stock markets.
In exciting news for Paytm users, the festival is far from over and users still stand a chance to win big bucks through payments done through the app.
The company had earlier announced that during the peak festive season (October 14-November 14), everyday 10 lucky winners will win ?1 lakh each..
Users can win cashback by using Paytm for their mobile, broadband DTH recharges, utility bill payments, money transfer, booking travel (flight/bus/train) tickets, paying credit card bills, filling fuel at petrol pumps, booking movie tickets, FASTag payments, transactions at online and offline kirana stores, or payments at retail outlets, shopping malls, food courts, restaurants and many more.
Paytm is India’s leading digital ecosystem for consumers and merchants (1), and offers payment services, commerce and cloud services, and financial services to 333 million consumers and over 21 million merchants, as on March 31, 2021. Paytm is India’s largest payments platform (1) based on the number of consumers, number of merchants, number of consumer to merchant transactions and revenue, as on March 31, 2021, and with a GMV of ?4,033 billion of FY2021. One 97 Communications Limited (“Company”) is the largest payment gateway aggregator in India for FY2021 based on total transactions, with the widest ecosystem of payment instruments (1). The Company’s lending business (offered in collaboration with financial institution partners), includes personal loans, merchant loans, as well as its Buy Now, Pay Later product i.e. Paytm Postpaid. The Company’s financial institution partners disbursed 1.4 million loans in Q4FY21.