The company has launched a toll free number — 1800 1800 1234 — to enable customers and merchants without internet connection to pay and receive money instantly and also recharge their mobile phones. To use this service, users (both customers and merchants) first need to register with Paytm through their mobile number and set a 4-digit Paytm PIN. They can then enter the recipient’s mobile number, amount and their Paytm PIN to transfer the money from their Paytm wallet to another Paytm wallet.
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However, users still need a smartphone with internet connection to set up their Paytm account to use this feature. Also, the call made on the toll-free number should be from the mobile number that has been registered with Paytm.
Is it an alternative to regular wallet payments?
Yes, this mode of payment will be an alternative to the one in which internet connection is required. These offline payments will be helpful in cases of poor connectivity or lack of internet in some areas. Also when your internet pack is over, this feature can come to rescue.
This offline service does not change anything, it simply adds a lot of value to digital wallets. Digital money is becoming a rage now and India, owing to poor connectivity, requires a technology like this.
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This does bring us to a question – Is the need of an offline payment system important? Are there sufficient cases where either the merchant or the consumer are offline? It looks like Paytm has figured these out and gone ahead with building a solution.
Kudos to the team at Paytm for peeking into the future and developing an offline payment service for the common man.
So the technologies are changing day by day. This new feature will help the millions of people in india who uses non-smartphones. Share this post if you like it.
You may also like to read our previous post on Vodafone launches Mpesa-pay,wallet for merchants
