The Business Bytes
TBB BUREAU
NEW DELHI, DEC 29
India’s homegrown digital financial services platform Paytm on Tuesday announced that corporate gifting of Paytm Gift Wallet Cards and 24-Karat Digital Gold has crossed Rs. 100 crore in yearly GMV.
With the ongoing pandemic, more companies are adopting the offerings by Paytm Payouts as a safe, efficient, and cost-effective way to spread the festive cheer. With most employees working remotely this year, the service gained popularity for its advantages of zero logistic costs of procurement and distribution.
Paytm Payout’s range of digital gifting options enables companies to skip the process of zeroing on options, asking for competitive quotations, selecting gifts, and paying for logistics, thus streamlining the complicated process of corporate gifting besides increasing efficiency and reduceing costs.
The Paytm Payout Gift Wallet card remains popular among employees and vendors for its ease of gifting and range of options. According to Paytm, it has seen a massive surge in companies giving away digital gold as corporate gifts this Diwali becoming the top-selling gifting option. It enables the instant gifting of any amount of certified gold to recipients without any logistical and technical challenge.
“We aim to transform the way corporates, businesses, MSMEs share festivities and greetings with their employees, vendors, partners. Paytm Payout Gift Wallet Cards, Digital Gold is an extremely simple, convenient, and seamless option to spread the festive cheer,” said a company spokesperson.
