Bengaluru sources reported that mobile application based financial services platform Paytm has announced the launch of two new services Gold Gifting and Gold Savings Plan as part of its wealth management offering, Paytm Gold.
Meanwhile the company said the customers can now send 24K 999.9 purity gold to each other instantly offering them a convenient gifting solution. As per report more than 60% of Paytm Gold purchases are from tier two and three cities with millennial constituting the majority. The platform has witnessed repeat purchases of Paytm Gold worth up to Rs 500 at regular intervals.
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Moreover on the Gold Savings Plan, the company said
the scheme intends to help customers conveniently and regularly save in gold as
per their budget and requirement by entering the duration, frequency and amount
of gold they want to save. Further the company said “This would eliminate additional
fees associated with offline Gold purchase like making and locker charges,
while offering customers access to trusted and affordable gold
savings for the long-term”.
