6 Reasons that Make Paytm Better than Freecharge
In 2015, Digital India campaign was launched by the Indian Prime Minister Narendra Modi to make the country digitally empowered in the field of technology. Three main components of Digital India are the creation of digital infrastructure, delivery of services digitally and digital literacy. Soon after the launch, companies like Paytm and Freecharge realized the enormous scope of their business and the extent of their services, as the internet connectivity across the country was going to increased, including even the rural areas. They started figuring out various ways by which they could touch and influence each and every individual of the country. The business idea of both these companies are quite similar. They were always in competition.
The actual race and competition began when Prime Minister Narendra Modi announced demonetization in the country. No doubt, demonetization introduced curbs on black money but also boosted the idea of cashless transaction. Obviously, in a situation of cash crunch in the country, people would opt for card transactions or online transactions. Hence, it proved to be the best time for both to scale up their services and boost their business. But it seems Paytm utilized this time more effectively than Freecharge. Here is the list of 6 reasons that makes Paytm better than Freecharge.
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- 1 1. Reachout of Paytm is more
- 2 2. Availability of offline facility
- 3 3. Paytm wallet limit can be upgraded upto 1 lakh
- 4 4. Payment can be done by simple scanning Paytm code
- 5 5. Transfer of money from Paytm account to actual bank account is much simpler
- 6 6. Fingerprint scanner increases the security level in Paytm
1. Reachout of Paytm is more
Without a doubt, we can say that Paytm is immensely successful in reaching out to public sector for providing its service. A lot of offers are provided by Paytm on buying things or booking a ticket. Who doesn’t like discounts on their transactions? This caught the minds of many people initially and now Paytm wallet is the most preferred payment option for over 160 million users. It is accepted over 15 lakh merchant’s location, both online and offline. The story of Paytm did not change only because of offers that it provided on transactions but also because of its immense involvement in solving the problem of common people during the situation of cash crunch in the country which Freecharge failed to do.
Now we can see it practically that Paytm payment options are available even at the smallest vendor’s shop such as panipuriwala, sabziwala, retailers, shopkeepers and at petrol pumps, in restaurants, various food hubs etc. Freecharge failed to keep this promise by announcing its availability at many places but actually it wasn’t. I myself faced this situation when Freecharge stated the availability of its service at some petrol pumps and after I went there for refuelling the petrol, Freecharge payment option was not there, instead Paytm option was there. This proves the above point of how reachout of Paytm is more relatively.
2. Availability of offline facility
In today’s developing world where everyone is so much dependent on the internet, Paytm comes with a concept of offline payment facility, isn’t that great? This means with wallet-money you can do a transaction without internet connection. By using this facility you can do the payments at grocery stores, restaurants, hospitals, to auto and taxi drivers, you can even recharge your phone, pay the bills, book tickets and what not!
This feature mainly proves helpful to the non-smartphone users in India. Obviously, most of the common people in India are non-smartphone users, without any knowledge of how to make use of internet even if they have an internet connection. In such case, there was a need to solve the problems of common people in the situation of cash crunch and again it was Paytm who came out with this amazing concept directed to help that segment of population who still do not own or can afford a smartphone. To know more about how to use it’s offline payment service you can checkout the given link Offline Services.
3. Paytm wallet limit can be upgraded upto 1 lakh
Now, we can almost use Paytm wallet as one of our bank account where in a month we can add money upto 20k and spend it efficiently. But we can also upgrade this limit and add upto 1 lakh. You can add the money into the wallet very easily and securely through the card. And see the wallet usage.There are many cashback offers and cashback coupons available. This can be used while adding money into your e-wallet, isn’t it awesome?You already get so much offers on it for so many transactions, now adding your own money into your own wallet would bring such amazing offers for you.
4. Payment can be done by simple scanning Paytm code
This is another cool feature of Paytm. Using this, you can do the payments simply by scanning the QR code present in the phone’s image gallery. Suppose, you are doing a payment at some restaurant or grocery store, you just need the receiver’s Paytm code which will be on the receiver’s phone or he/she might have xeroxed it and kept it near the counter, so you need to scan that code using your phone, enter the amount and your payment is successfully done!
5. Transfer of money from Paytm account to actual bank account is much simpler
Paytm has introduced a feature called passbook. Using this feature, you can keep track of all the transactions done by you till the present day. You can even transfer the money from the wallet to your or some other person’s bank account. This means that you can receive money from other person in your Paytm wallet. And then you can transfer that money into your actual bank account. Enter your bank credentials and the money will be transferred from your wallet to your account. It is this simple. How cool is that? You can also set password to protect this passbook feature.
6. Fingerprint scanner increases the security level in Paytm
Every now and then, advancements in technology set a new trend in the society. Now, the fingerprint scanner in the mobile has set a new trend. It helps to provide security to your mobile and your data. As soon as this technology boomed in the society, Paytm integrated this feature in its app. Now, you can secure your transactions and payments in it’s app using this awesome technology. Obviously, everyone want their transactions to be more secure and trustful. Hence, people will mostly opt for Paytm over Freecharge, seeing this extra feature related to security.
You can also check these new features of Paytm to see how it is innovating rapidly and constantly adding new features.
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