Paytm has partnered with Axis Bank and Yes Bank to accept cash and add Paytm wallet as a bank account beneficiary.
The new features make it possible for the users to transfer money from Paytm wallet to another wallet, money from their bank account to wallet and vice-versa.
Paytm has also partnered with Axis Bank (2500 branches) and Yes Bank (1000 branches) for the users to add cash to their Paytm wallet offline.
The new Immediate Payment Service (IMPS) has made possible cash floats when required. Close on its heels is the plan to tie up with 50,000 physical outlets for loading money in to Paytm wallets.