Paytm launches service, that doesn't need a smartphone

Paytm, one of the largest e-cash wallet of the country, has launched a service with which consumers and merchants can pay and receive money without an internet connection.

In a statement issued, the company states, "Paytm has announced a toll-free number 180018001234 to enable consumers and merchants without an internet connection to pay and receive money instantly and also recharge their mobile phones."

It also said, "This will empower millions of non-smartphone users to go cashless even without a smartphone."

To use this service, as a first step, customers and merchants need to register their mobile numbers with Paytm and set their four digits Paytm PIN.

They can then enter the recipient's mobile number, amount and their Paytm PIN to successfully transfer the money from their Paytm wallet to another wallet.

Nitin Misra, Senior Vice-president, Paytm, said, "We are committed to enabling more and more Indians to be able to transact digitally. The launch of our new toll free payment number is another significant step in that direction. This will allow even non-smartphone users across India go cashless.