The recent demonetization on Rs 500 and Rs 1000 denomination notes across the entire country saw many people turning to other payment platforms like Paytm in order to perform everyday transactions. The online company is going through a huge and giant leap in all the transactions like app downloads. To satisfy growing customer usage online, Paytm now has launched the new features called as ‘Nearby” that lists more than 200,000 merchants. With the online payment platform Paytm giving a promise to customers that it will expand to 800,000 within a short while. Users can now easily locate stores and merchants that accept Paytm By with this new feature called nearby. There is another feature called ‘Add Cash’ which also helps locate banks’ nearest branches for Axis as well as ICICI. To enjoy the services of Paytm VIP a user can complete the KYC documents near the nearest Paytm agent.
Sonia Dhawan who is the DGM Paytm said, “At Paytm, our approach has always been to build an ecosystem that benefits both merchants and customers. I am confident that while our customers will appreciate the increased convenience of finding Paytm services near them, our merchants and partners will value the exponential increase in visibility and new business ‘Nearby’ feature will bring. This is a great example of how mobile technology can drive business across the retail industry by redefining the hyper local space.”
About the successful acquisition of Shopsity, co-founder, Shopsity Danish Ahmed said, “Paytm is doing phenomenal stuff in the offline commerce space, and we are very excited to join the team and build a platform that enables small retailers to ride the digital wave. Millions of retailers are using Paytm to accept payments today, and we’re working hard to bring an entire suite of digital services to them.”