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Paytm Launches Digital Gold Service

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Paytm Launches Digital Gold Service to Make Digital Gold Investment Online. To the occasion of Akshaya Tritiya 2017, Paytm has announced that it has collaborated with MMTC-PAMP to launch Digital Gold Service on Paytm Wallets.

Paytm Digital Gold Service

Digital Gold service will enable users to buy gold online and store it in MMTC-PAMP’s vault free of charge. This new service will enable users to request their gold to be delivered at their home in the form of minted coins.

Also Read: Paytm charge: Paytm to charge 2% fee on Credit cards transactions.

More About Paytm Digital Gold Service:

Vijay Shekhar Sharma, Founder & CEO of Paytm said, “Gold is the preferred form of investment for Indians, and we are making it easier for our users to invest in gold digitally. With this product, our customers can buy and sell international quality gold at market-linked prices instantly.

The goal is to offer complete flexibility in deciding the amount they want to invest and enable consumers to develop a habit of saving regularly in digital gold for long-term wealth creation. We are confident that this solution will help millions of Indians to buy and sell 24K 999.9 pure gold with utmost confidence and security.”

As per the report of World Gold Council Indians having worth $900 more than 24,000 tons of gold and also Indians bought more gold in the 2016 year than any other financial asset. This Paytm digital gold service will allow users to sell purchased gold online anytime.

Also Read: Security risks high in E-wallets and Mobile Payments apps: study

Mehdi Barkhordar, Chairman at MMTC-PAMP India Pvt Ltd said about the collaboration, “As India’s 1st and only internationally accredited gold and silver refinery, we are proud to be placing India in its deserved leadership position in the global bullion market. Our partnership with Paytm provides every Indian access to high quality, 24k 999.9 pure gold in a convenient and transparent manner.”

Paytm currently have more than 218 million wallet users with 5 million merchants and claims to have touched 1.5 billion transactions in Financial Year 2017.

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