This way, customers can easily pay their bills and other expenses easily. Digital financial services firm Paytm has received market regulator Sebis approval for its Rs 16,600 crore initial public offer, a source involved in the process said on Friday. Moreover, PayTM enables the users to save a lot of money by making multiple payments using their credit and debit cards. PayTM also allows customers to pay bills and other expenses online since e-checks are faster than paper checks. According to reports, PayTM has become a very popular e-commerce solution in India as many people now make purchases by paying through their debit and credit cards, thanks to the new laws in India regarding debit card usage. Moreover, PayTM enables easy cashless transactions at retail stores across India.
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With PayTM, consumers can make hassle free bill payments as well as online purchases. The company's website provides all the information that a customer needs to know about PayTM. To complete the whole process, the customer needs to submit the secured bank account's PIN to PayTM's online service, and PayTM will transfer the amount to the customers' bank account. In case of any debit or credit transaction (which includes usage of any ATM machine or credit card), the money will be debited from the customers' bank account and the amount will be converted into the Indian Rupees.
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To use PayTM, a customer needs to open a secured bank account with a respective bank, which is linked to a PayTM account. One97 Communications, the parent of Paytm, plans to raise a mammoth Rs 18,300 crore through the initial public offer, which is India’s largest since Coal India’s Rs15,000-crore offer in 2010. PayTM also promises various mobile-related benefits such as free calling minutes, free text messages and discounted rates on PayTM cards. The mega Paytm IPO kicked off on Monday with retail investors subscribing to 78 per cent of their quota. PayTM is also known as OTT (short for "other than traditional telecom services"), since PayTM allows its users to not only pay for their purchases, but to also get other benefits such as internet usage, gaming, and entertainment, etc. Created at, 3 Replies - Hot Deals - Online - India's Fastest growing Online Shopping Community to find Hottest deals, Coupon codes and Freebies. Ltd is a subsidiary of Reliance Communications Limited - one of the leading telecom companies in India. Paytm New User : Get 50 On Add Money Get 10-100 On Recharge Get 50 On send money UPI at Paytm. New users of Paytm will be able to access this offer by way of the ‘3 pe 2700 cashback offer’ scheme. PayTM (a partial acronym for "pay via mobile") is a revolutionary mobile payment platform and internet technology business, based in Noida, Uttar Pradesh, India where you can also find PayTM Mobile Solutions Pvt. Paytm, India’s leading digital payment platform and fintech giant, announced that customers can now avail cashback rewards amongst others for LPG cylinder bookings done through the platform.