Digital Payments are changing the way we transact on daily basis – mobile wallets, Paytm in particular, are leading this charge.Now Paytm wallets will be accepted even at Petrol pumps!Earlier today, Vijay Shekhar Sharma, Founder and CEO of Paytmannouncedon his Facebook time line, that going forward, customers can pay for fuel using Paytm at Indian Oil Petrol Pumps.While not too many detailsare out as yet, it seems that currently mobile wallet payments are accepted at select retail outlets in Delhi. However, this seems to be the start and slowly Paytm will startgetting accepted at other Indian Oil outlets as well.We have said this earlier, very soon we may see mobile wallets replacing your physical wallets, and this is a prime example of how fast that scenario is coming to reality!Paytm claims to have over120 million registered users and more than 2.5 million transactions daily, on average. Now, with acceptance of Paytm wallet at Petrol pumps, thenumber of transactions are expected to grow at much faster pace.Offline payments market is huge – cashless or digital transactions account for a very small fraction currently. However, this scenario is changing quite fast
Read more:http://trak.in/tags/business/2016/02/05/paytm-wallet-petrol-pump-payments/
Read more:http://trak.in/tags/business/2016/02/05/paytm-wallet-petrol-pump-payments/
