Paytm introduces a rewards initiative that lets users accumulate gold coins on daily transactions and convert them into Digital Gold for long-term savings.
Paytm has rolled out a new Gold Coins rewards program that enables users to earn gold coins through everyday transactions. These coins can be redeemed for Digital Gold, turning routine payments into a simple investment strategy.
How to Earn Gold Coins on Paytm
Paytm users can accumulate gold coins on a wide range of transactions made through the platform:
- Eligible payment types:
- UPI
- Credit cards
- Debit cards
- Net banking
- Qualifying transactions include:
- Scan & Pay at merchant outlets
- Online purchases
- Utility bill payments
- Mobile and DTH recharges
- Recurring payments (like subscriptions)
- Peer-to-peer money transfers
Bonus for Credit Card via UPI
- Payments using credit cards or RuPay credit cards via UPI earn double gold coins.
- Gold coins are credited at 1% of the total transaction value.
How to Redeem Gold Coins for Digital Gold
Once earned, gold coins can be tracked and converted into Digital Gold through the Paytm app:
- Step 1: Open the Paytm app and navigate to the âGold Coinsâ widget on the home screen to view your balance.
- Step 2: You need a minimum of 1,500 coins to redeem.
- Step 3: Once eligible, you can convert coins into Digital Gold at a fixed rate â 100 coins = âš1 worth of gold.
Why This Matters
This initiative offers a low-barrier path to investment, helping users build digital gold savings through everyday spending. In a country like India where gold holds cultural and financial value, this strategy allows users to passively accumulate wealth.
It also aligns with the growing trend of micro-investing, where digital platforms help users save and invest small amounts frequently and effortlessly.
