Pay through mobile app known as Paytm has announced the launch of two new Gold schemes. The schemes include Gold Gifting and Gold Savings Plan as part of its wealth management offering, Paytm Gold.
During the press release, the Paytm representative said that more than 60 percent of Paytm Gold purchases are from tier two and three cities. The customers can now send 24K purity gold to each other instantly offering them a convenient gifting solution.
The company has witnessed repeat purchases of Paytm Gold worth up to Rs 500 at regular intervals.
The Gold Savings Plan scheme intends to help customers conveniently and regularly save in gold as per their budget and requirement by entering the duration, frequency and amount of gold they want to save.
The customers gold will be stored in MMTC PAMPs secure and 100% insured lockers for free and they can get delivery of this gold at any time.
This would eliminate additional fees associated with an offline Gold purchase like making and locker charges while offering customers access to trusted and affordable gold savings for the long-term.