Mobile wallets was among the rising tech trends in 2015, and it is easy to see why. These digital wallets are being accepted at an increasing number of outlets, and Paytm is leading the way. Speaking of which, the company today announced that car owners will now be able to pay for fuel at petrol pumps by using the Paytm Mobile wallet. Founder and CEO Vijay Shekhar Sharma announced on Facebook that Indian Oil petrol pumps will now start accepting digital payments courtesy of Paytm. Also Read - How to book COVID-19 vaccine slot via Paytm App, get Covaxin and Covishield shots with these simple stepsAlso Read - Alert! Paytm cashback scam: Fake Paytm website, it's a trick to steal your money
“From today pay using Paytm on Indian Oil petrol pumps. Installing them one at a time. # PaytmKaro!” Sharma wrote on Facebook. Unfortunately, there is not a lot of information available at the moment. But as per Trak.in, this feature is being gradually rolled out in a few petrol pumps in Delhi. BGR India has reached out to Paytm for more details, and we will update the post once they revert. Also Read - 5 apps helping people get through the COVID-19 second wave: Twitter, CoWIN, Aarogya Setu
The Alibaba-backed company is leading in the mobile wallet space with over 120 million registered users and 2.5 million transactions daily. Its mobile wallet is accepted by over 20,000 merchants, including IRCTC, Zomato, Uber, Bookmyshow, Costa Coffee, Pizza Hut, and Vangos to name a few.
It also offers recharge services, m-commerce and is also among the few selected by RBI for Payments Banking, and recently tied up with ICICI to launch virtual prepaid cards for mobile wallet users. Going forward, the company is also eyeing the hotel booking space with a target of Rs 500 crore revenue in six months.