Tuesday, October 4, 2022

PAY RENT DIRECTLY FROM CREDIT CARD TO LANDLORD’S BANK A/C: PAYTM’S NEW FACILILTY

Digital financial services platform Paytm on Tuesday declared the augmentation of its Rent Payments feature. Now, the holders can also transfer their monthly rent immediately to the bank account of their landlords through their credit cards.

The company has also declared a cashback of up to ₹1000 on such transactions. Besides earning cashback on each transaction, users will also be able to collect credit card points.

For paying to the landlord, you just need to select “Rent Payment” from the “Recharge & Pay Bills” section on the Home Screen of Paytm. Users can transfer money straight from the credit card to the landlord’s bank account.

Paytm also gives the compliance to make rent payments by other payment modes such as UPI, Debit Card, Net Banking. To make it easy, the user only has to enter the bank account details of the landlord and nothing more. 

ALSO CHECK: Get a tremendous discount with Mamaearth Coupons and  Buy Wow Coupon Code

The innovative dashboard also helps to trace all rent payments, also reminds about payment due dates, and sends immediate payment confirmation to landlords.

Narendra Yadav, Vice President – Paytm said, “House rent is one the highest recurring charges for renters in our country. Within few months of the launch, our Rent Payment feature is already allowing millions of users to maintain liquidity in these unsettled times and pay the rent as per their credit card cycle. With the augmentation of this service, Paytm will continue its market leadership in rent payments and we are expecting to process rents worth Rs. 300 crores by March ’21.

The company is authorized to making all recurring payments such as utility bills, credit card bills, etc. Easy for users across the country. Soon, payments through credit cards will be authorized for other recurring expenses such as tuition fees, house-help’s salary, etc.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img

Most Popular

spot_img

Latest

30th September Deadline Date: Do these three tasks by September! A significant loss could occur later

Financial Deadline: As of October 1, this PFRDA regulation will be in force. You only have 8 days left in this case if you...

The RBI announced that there will be a significant change starting on October 1 that might surprise cardholders.

Rules for Debit/Credit Cards: For individuals who use credit and debit cards, there is some exciting news. Nowadays, a debit or credit card is...

You must complete this step by September 30 if you use a credit-debit card.

The date for tokenization has been moved up from July 1, 2022, when the new regulations for debit and credit cards were scheduled to...

Credit Card: If you use a credit card, be aware of the following guidelines.

Credit Card Regulations: Since the advent of online purchasing, credit cards have become more popular. Banks are now producing credit cards for no charge....

Instead of PayTM, this became the new title sponsor of Team India, BCCI suddenly took a big decision

BCCI New Title Sponsor: Whatever series Team India will play in the country, there will be no PayTM add-on to its sponsorship. Mastercard now...

Most Popular

Subscribe

* indicates required