Paytm: Users will now get gold coin rewards for transactions made through Paytm. Paytm One 97 Communications Limited has introduced a new feature under which every transaction will earn gold coins.
These coins can later be converted into digital gold. The facility will apply to various transactions such as scan and pay, online shopping, money transfers, recharges, bill payments, and recurring payments.
It will work for payments made through UPI, debit cards, credit cards, or net banking. A special benefit is that double gold coins will be given on UPI payments made with credit cards and RuPay credit cards.
How to earn coins?
According to the company, users will receive 1% of the transaction amount as gold coins.
For instance, spending ₹10,000 will give 100 gold coins, while spending ₹1.5 lakh will earn 1,500 gold coins, each worth nearly ₹15.
In short, this equals about 0.01% cashback, but in the form of digital gold instead of cash.
Reason for launch
The company explained that the feature has been launched before the festive season, a time when gold demand in India is at its peak.
The aim is to help users collect digital gold slowly and turn their spending into savings and long-term investments.
Other new features
Paytm has also added new options on the app, such as reminders for recurring expenses, a monthly expense summary, personalized UPI IDs, downloadable UPI statements, and the ability to view all linked bank account details in one place.
The company said this initiative supports government efforts like Atmanirbhar Bharat and GST reforms, which encourage stronger savings for both individuals and businesses.
With this, Paytm users will now be able to collect a small amount of gold with every payment, which can grow into an investment over time.
