Over 41000 Petrol Pumps to Go Cashless with PayTm: The Payment system company Paytm has announced their partnership with more than 41000 petrol pumps across 550 plus districts in India to go cashless transactions on Monday. This is to enable the cashless transactions to go easy with Paytm at petrol pumps also. Under this partnership of Paytm with Petrol pumps, all the two-wheeler, and four wheeler vehicle owners can now pay the fuel bills with Paytm at zero percent surcharge for using the Paytm service. This will also help the Petrol pump employees and the customers to get rid of the hassles of tendering exact change for the fuel bill.
Over 41000 Petrol Pumps Partners With Paytm to Go Cashless
The cashless payment solution Paytm has been welcomed by the country’s Oil industry with more than whooping 70% of the country’s petrol pumps already live in this action and the segment will grow at 200% month on month. The senior VP of Paytm, Kiran Vasireddy said about this that “We have currently enabled our zero-cost cashless payments at more than 41,000 petrol pumps across 550 districts. We are confident commuters across India will find our service extremely convenient and useful.”
Paytm is available in 10 regional languages
The Paytm application is also got an update which will offer 10 regional languages including Hindi, it is currently catering to over two million offline merchants across India. This action is suddenly implemented because of the extra surcharges to the customers and the petrol pumps for the card transactions by the respective banks. After the call of Demonetization by PM Modi, all the banks are asked not to charge any transaction fee on credit and debit card payments for its users till December 31st.
As it is known that throughout last Sunday, a maximum number of petrol pumps had refused to accept the card payments for the fuel from this Monday. However, there is a relief on Sunday night after all the banks agreed to defer their decision to charge 1% transaction fee on the card payments at petrol pumps from Monday. This allowed all the petrol pumps to accept card payments until January 13th Friday. The All India Petroleum Dealers Association (AIPDA) decided to revise its earlier decision after consulting the Petroleum Ministry as banks deferred charging transaction fee up to 1% on card payments, according to IANS report.