Paytm launches credit cards with rewards and cashback offers

NEW DELHI: Payment solution provider Paytm has launched a new product for the Indian financial market. The company has launched its new credit cards in association with various card issuers. The company has announced that it plans to issue nearly 2 million co-branded cards in the next 12 to 18 months.
With this new service in place, Paytm aims to offer complete control to cardholders to manage their transactions in real-time. It will be equipped with instant one-touch services such as change of the security pin number, updating the address, blocking the card in case of loss or fraud prevention, issuance of a duplicate card and viewing outstanding credit-limit. It will also have options to safeguard users against fraud by switching off the card for contactless payments or international transactions when not required.
The company also mentioned that the Paytm credit cards will offer insurance protection against fraudulent transactions to protect users money. This service will also come with a personalized spend analyzer helping in assessing expenses and planning future spends smartly.