How To Redeem Paytm Cashback Points, How To Use Paytm Cashback Points?
by Subhashree M | Updated Feb 14, 2023
What Is Paytm?
Paytm is an Indian fintech company based in Noida, that specializes in digital payments and financial services. Vijay Shekhar Sharma founded the company in 2010 under One97 Communications. Paytm provides mobile payment services to consumers and offers payment gateway solutions, QR codes, and point-of-sale options to merchants. It also partners with financial institutions to offer financial services, such as microloans and buy now, pay later, to consumers and merchants. In addition to bill payments and money transfers, Paytm also provides ticketing services, retail brokerage products, and online games. Paytm's parent company, One97 Communications, became listed on the Indian stock exchanges in November 2021 through an initial public offering that was the largest in India at the time. For the fiscal year 2021–22, Paytm's gross merchandise value (GMV) was reported to be ₹8,500 billion (US$110 billion). Paytm began as a prepaid mobile and DTH recharge platform in August 2010, with an initial investment of US$2 million by its founder Vijay Shekhar Sharma. Later, in 2013, it added data cards, postpaid mobile, and landline bill payments to its services.
What Is Paytm Cashback Points?
Paytm Cashback Points is an exclusive reward program for Paytm users, based on a gratification system. Points are earned for transactions made through the Paytm app and can be redeemed for a variety of items on the redemption catalog, such as subscriptions, brand deals, and gift vouchers from Paytm and other brands.
How To Redeem Paytm Cashback Points?
Cashback points are awarded to Paytm users for transactions such as bill payments, mobile recharge, and money transfers using Paytm wallets. These points were formerly known as Paytm First Points and can be redeemed for brand e-vouchers or converted into Paytm balance.
How To Use Paytm Cashback Points?
The use of Paytm First Points redemption offers several benefits, /and every transaction a person initiates can earn them reward points, regardless of the number of transactions made. Paytm Business App helps businesses track and redeem their reward points in a timely manner. Merchants earn reward points instantly upon making a transaction, and there is no limit to the number of points that can be earned. However, it is essential to keep in mind that these points usually expire within a year. Therefore, it is necessary to redeem accumulated First Points frequently for activities like mobile recharge, bill payments, shopping, or exchange for Paytm cash.
How to Redeem Paytm Cashback Points to Wallet?
To redeem Paytm cashback points to your wallet, go to the "Cashback & Offers" section of the Paytm app or website, and select the option "Redeem to Paytm Wallet." Enter the required details and complete the redemption process. Your cashback points will be added to your Paytm wallet.
How To Redeem Paytm Cashback Points To Cash?
Paytm users receive Paytm Cashback Points as a form of reward points for activities such as recharging, bill payments, and adding money to their Paytm wallets. These points, previously known as Paytm First Points, can be redeemed for branded e-vouchers or converted into Paytm balance. Here is a step-by-step guide on how users can redeem their Paytm Cashback Points.
How To Convert Paytm Cashback Points To Cash?
Paytm cashback points can be converted to cash by redeeming them through the Paytm First Membership.
1. Open the Paytm app.
2. Enter your registered mobile number and login into your account.
3. Tap on “Menu”.
4. Select “Cashback and Offers”.
5. Tap on “Cashback Points”.
6. Scroll down to “Convert to Paytm Balance”.
7. Select how many points you want to convert to cash
8. At last tap on the “Avail for Points” button.
9. Your points will be converted into cash instantly and will be added to your Paytm balance
How To Redeem Paytm Cashback Points - FAQs
Paytm Cashback Points are reward points earned by Paytm users for various transactions made through the Paytm app, such as recharges, bill payments, and adding money to their Paytm wallets.
Paytm is an Indian multinational financial technology company that specializes in digital payments and financial services.
Paytm was founded by Vijay Shekhar Sharma under One97 Communications in 2010.
Yes, Paytm Cashback Points typically expire within a year. Therefore, it's important to redeem them often for mobile recharge, bill payments, shopping, or exchange them for Paytm cash.