Greetings of the day!
Please find the attached press release – “Over 100 Paytm users won ₹1 lakh each by doing UPI Money Transfer in the Paytm UPI Cashback Dhamaka” for your kind perusal.
Over 100 Paytm users won ₹1 lakh each by doing UPI Money Transfer in the Paytm UPI Cashback Dhamaka
Mumbai, 29th October 2021: 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, Karnataka and 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.
“One97 Communications Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed the draft red herring prospectus dated July 15, 2021 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, and the websites of the stock exchange(s) at ww.nseindia.com and www.
(1) Source: Report titled “The Digital Transformation of Payments and Financial Services in India” dated July 15, 2021, prepared by RedSeer Management Consulting Private Limited