Paytm Card launched in India with smart app features and more, aims to issue 2 million credit cards

Paytm has today announced the launch of its new credit cards known as Paytm Card in India. The ‘next-generation credit cards’ will enable new to credit’ users to join the digital economy. The company claims that it has designed an innovative digital experience on its app allowing users to manage their overall spends and have full control over the card usage. Here’s what you need to know about the Paytm Card.

Paym Card credit card features

Paytm has revealed that it will partner with various card issuers to introduce co-branded cards. With the Paytm Card, the brand is aiming to issue two million cards in the next 12-18 months. With the new service, cardholders can manage their transactions in real-time. The service will come with one-touch services like change of the security pin number, updating the address, blocking the card in case of loss or fraud prevention, issuance of a duplicate card and viewing outstanding credit-limit.

One can switch the card off for contactless payments to safeguard against fraud. The Paytm Card also comes with insurance protection against fraudulent transactions to protect users money. Then there will be a personalised spend analyzer to keep a tab on the expenses.

Paytm customers can get the whole experience on the Paytm app. One can apply from the application, track the progress and more. Moving on, one can choose a convenient time on the app itself for the collection of documents along with online tracking of card issuance and delivery.

The company says that Paytm Credit cards will offer a compelling reward programme. Users will also get cashback on every transaction. The accrued rewards point will have no expiry. Users will also be able to utilize those for various payments in the Paytm. The cashback will be in the form of Paytm Gift Vouchers, meaning that one can spend it anywhere.

Bhavesh Gupta, CEO – Paytm Lending said, “In our country, credit cards are still considered a product for the affluent sections of the society and not everyone can avail of its benefits. At Paytm, our aim is to provide credit cards that benefit India’s aspiring youth and evolved professionals. These cards are designed to help them lead a healthier financial life through managing and analysing the spends to make well-informed decisions. This can transform the credit market by bringing ‘new to credit’ users into the formal economy.”

The post Paytm Card launched in India with smart app features and more, aims to issue 2 million credit cards appeared first on MySmartPrice.

from MySmartPrice https://ift.tt/37wLOcr