Flipkart offers a flat 5 percent discount on gold coins and ornaments like rings.
Phone Pe is another mobile wallet which is accepted at HP and Indian Oil petrol pumps.
Payments banks cannot issue loans. They even cannot issue credit cards. However, they can issue ATM cards and debit cards.
The customers of Paytm payments bank will get four percent interest rate on their deposits. No minimum balance is required in the accounts.
Even though market has gone cashless and everyone looked for cash alternatives, the number of sales in Christmas season is a shock.