Until now, the user was able to do wallet-to-wallet transfers. Now, he will be able to transfer funds to the bank as well. Although we want customers to use the wallet for online payments, we expect this facility to boost customer confidence.According to him, the company doesn't see the banks as competitors, instead, they see them as partners. The retail stores will not only serve as recharge stations but they will also provide a small level of customer service as well. Paytm has had a great month so far. On February 5, it was announced the Jack Ma-led online retailer Alibaba’s affiliate would be acquiring a 25% stake in Paytm. The company has raised around $575 million from the process. For other special Paytm coupons visit couponzclub, one of the best sites for all paytm coupons 2015.
The most loved web portal for recharges in India, Paytm, is looking to set up a hoard of retail stores across the country. These stores will allow the customers to load up cash in the digital wallet service the company provides. Paytm has more than 2.5Cr users in India. This move is aimed to increase its wallet adoption and help transform Paytm into a payment platform. The company has linked its wallet to the banking system to enable cash withdrawals from it. Paytm is famous for providing extra paytm discount coupons as well as several other discount offers for every recharge. Amit Lakhotia, VP-payments at Paytm, told TOI: