Paytm, India’s payment pioneer, has introduced ‘Gold Coins’

Paytm, India’s payment pioneer, has introduced ‘Gold Coins’ on its app, helping consumers build long-term savings through everyday mobile payments. Through this one-of-a-kind initiative, users earn assured ‘Gold Coins’ on every payment made through the Paytm app, which can be redeemed for digital gold, encouraging responsible financial habits and contributing to a culture of long-term saving and wealth creation.

According to a Morgan Stanley report, Indian households now hold $3.8 trillion worth of gold, accounting for almost 89% of the country’s GDP, showcasing the generational trust on the asset. Paytm is tapping into India’s growing trust in gold with ‘Gold Coins’, giving users an easy way to keep investing even as prices rise.

These coins are rewarded across all mobile payments through the app including, Scan & Pay- based QR payments, money transfers, recharges, bill payments, and any other UPI payment use-cases. Further, users can also earn Paytm Gold Coins when paying with credit cards, debit cards or net banking. Users paying with RuPay credit cards receive double Gold Coins on the Paytm app

Here’s a quick summary of everything you need to know to make the most of the Paytm Gold Coins Program.

Earning Your Coins:

What You Earn: Get 1% in gold coins on every successful Paytm payment.

Earn Double: Get 2% in gold coins when you pay with a credit card or “Credit Card on UPI.”

How to Claim: After each payment, claim your coins by scratching the card on the confirmation screen.

When They Appear: Coins are usually instant but can take up to 24 hours to reflect in your balance.

Redeeming Your Gold:

What You Get: 100 gold coins = ₹1 worth of 24K digital gold.

Minimum to Redeem: You can convert your coins into real digital gold once you have at least 1,500 gold coins.

Important Rules to Know:

Eligibility: All registered Paytm users (18+ Indian citizens) are automatically eligible.

Scratch Card Validity: Unclaimed scratch cards expire 30 days after they are issued.

Coins Validity: Your collected gold coins expire 12 months after you earn them.

Daily Limit: You can earn a maximum of 6,000 gold coins per day.

Monthly Limit: You can earn a maximum of 50,000 gold coins per month.

P2P Transfer Limits: For sending money to others, you can earn coins on up to 10 transactions per day and 100 per month.

Successful Payments Only: No coins are awarded for failed or pending transactions

Turn Your Daily Spends into Digital Gold with Paytm’s Gold Coins Program

Still stuck with a payment app that doesn’t reward you? In a world where digital transactions are the new norm, what if every UPI money transfer or bill payment could bring you closer to a tangible asset? Paytm turns this idea into reality with its gold coins Program, a rewards system that converts your everyday spending into real, 24K digital gold.

This unique loyalty program ingeniously transforms your routine digital payments into a valuable investment. Every time you transact, you earn gold coins that accumulate in your account, ready to be converted into secure digital gold. It’s more than just another rewards scheme—it’s a simple, seamless way to build your assets with the money you’re already spending.

What Are Paytm Gold Coins?

Paytm gold coins are a digital rewards currency earned on transactions within the Paytm app. Unlike standard cashback, which provides a cash-equivalent balance, gold coins have a singular purpose: they are designed exclusively to be redeemed for 24K digital gold, allowing users to build a tangible asset from their everyday spending.

Key Features of the Program:

Conversion Rate: The program operates on a fixed value where 100 gold coins can be redeemed for ₹1 worth of 24K digital gold.

Asset Purity and Security: The redeemed digital gold is 99.99% pure and is securely stored in 100% insured vaults managed by MMTC-PAMP, India’s only internationally accredited refinery.

Automatic Participation: Eligible users earn gold coins automatically on successful transactions without needing to manually enroll or opt into the program.

Post-Redemption Options: Once coins are converted into digital gold, the user owns the asset and has the flexibility to either hold it as a long-term investment or sell it on the Paytm platform at live market rates.

By Advik Gupta