According to the company, Indian customers will use the card to pay for trains, buses, parking, tolls, and other transit-based expenses. Moreover, the Paytm Transit Card can be connected to the Paytm Wallet, the company’s signature product that allows users to engage in numerous payment transactions all from one app. These include making in-store purchases, online payments, ATM cash withdrawals, and more.
“The launch of the Paytm Transit Card will enable millions of Indians with the power of one single card that takes care of all transportation as well as banking needs. This will drive financial inclusion and accessibility for all,” said Satish Gupta, managing director and CEO of Paytm.
Source link: http://www.trendhunter.com/trends/paytm