New users will get a fixed cashback of up to Rs 100 on the first three recharges.
Apart from receiving rewards for recharge and bill payment, users can win additional cashback by participating in Paytm’s referral program.
Under this offer, new users will get a fixed cashback of up to Rs 100 on the first three recharges, while existing users can win rewards of up to Rs 1000 on every recharge. These offers will be applicable on prepaid recharge of Jio, Vodafone Idea, Airtel, BSNL and MTNL and post-paid bill payment.
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Chance to win additional cashback by participating in referral programApart from receiving rewards for recharge and bill payment, users can win additional cashback by participating in the company’s referral program. The company says that whenever a user invites friends and family to start a recharge on Paytm, both can earn up to Rs 100 cashback.
Paytm, Ola and IndusInd Bank to apply for UP, payment networks to be made like UPI
It is worth noting that Paytm, Ola Financial and IndusInd Bank are planning to apply for a New Umbrella Entity license. This will enable companies to create a payment network like the Unified Payments Interface (UPI) operated by the National Payments Corporation of India (NPCI). Meanwhile, the RBI has extended the application date for the New Umbrella Entity to 31 March.