E-commerce payment system and digital wallet company Patym launched their credit card on Tuesday (May 14, 2019). The Digital Payment App, led by Vijay Shekhar Sharma, will support this facility with Citibank, under which customers will get one percent universal unlimited cashback. It is being said that there will be no condition for the rewards that are available on any card along with this card. Sharma shared a photo of the card on Monday (May 13, 2019) tweeting and told about it. Written, “Paytm First Credit Card is built in collaboration with Citibank and it will run through the Visa Payment Network.”
With the introduction of Paytm with Citi Bank, the digital wallet company’s first loyalty program is being told. After giving information about this on social media, it was a matter of discussion among the people that how will this work? Vijay Shekhar Sharma, chairman and CEO of One97 Communications, a company owned by Paytm, said, “This card will increase the payment flexibility in the card, multiple users and it will also encourage cashless payments.”
Yo! The First. Paytm First. pic.twitter.com/5kAxozc2IH
— Vijay Shekhar (@vijayshekhar) May 13, 2019
— Zee Business (@ZeeBusiness) May 14, 2019
According to media reports, Paytm is the first card contactless card and it will be valid throughout the world. Through Citibank’s Privilege Platform, there will be many great offers on eating, shopping, roaming and some other things. The special thing is that there will be no hidden charges in this card. Customers will not be charged annual fee of Rs.500. However, it will happen only if the customer purchases more than Rs. 50 thousand in a year.