On Tuesday, Paytm announced the expansion of its Rent Payments feature, with which tenants can also transfer their monthly rent instantly to the bank account of their landlords through their credit cards.
The company has also announced a cashback of up to Rs 1,000 on such transactions. Besides earning cashback on every transaction, users will also be able to accumulate credit card points.
For paying to the landlord, the user simply needs to select "Rent Payment" from the "Recharge & Pay Bills" section on Paytm Home Screen. Users can transfer money directly from the credit card to the landlord's bank account.
Paytm also gives the flexibility to make rent payments through other payment modes such as UPI, Debit Card, Net Banking. To make it hassle-free, the user only has to enter the landlord's bank account details and nothing more. The innovative dashboard also helps to track all rent payments, reminds about payment due dates and sends instant payment confirmation to landlords.