PayTM announced today that you can do cashless transactions without internet. This marks a huge shift in payments digitally simply because the most important question when we speak of digital was – How many have access to internet in this country.
With this initiative the coverage could be high to a great extent, but we shall wait and see how it shapes up and how people take it.
We are reproducing the excerpts from their blog.
We are incredibly excited to launch a new toll-free number that will enable feature phone and non-internet users to go cashless with Paytm. This move will offer millions of consumers and merchants across India access to mobile payments. They can now dial 1800 1800 1234 and pay any Paytm customer without an active internet connection.
To use this service, as a first step, Paytm customers and merchants must set their 4 Digit Paytm PIN on call. They can then enter the recipient’s mobile number, amount and their Paytm PIN to successfully transfer the money from their Paytm wallet to another Paytm wallet.
Please note, that you will need an existing Paytm account to use this service. You will have to call this Toll Free number from your mobile number registered with Paytm.
Q. How do I create a Paytm account on call?
A. This service is for existing Paytm Users. You can create a Paytm account by logging into paytm.com or installing our Android or iOS mobile app. Alternatively, use a friend or relative’s smartphone to do the same and don’t forget to log out. You can then call us at 1800 1800 1234, set your 4 Digital Paytm PIN and send money without a smartphone or active internet connection.
Q. How to add money to my Paytm Account?
A. You can log into paytm.com or install our Android or iOS mobile app. Alternatively, visit any of the 2,00,000+ cash-in points across India to instantly topup your Paytm account. To find the nearest one, use Paytm Nearby.
We are on a mission to democratize payments by empowering every consumer and merchant to pay and receive money digitally. After the launch of our new Peer-to-Peer payment system for merchants, this is yet another step towards our goal of achieving a cashless India.