Now, pay your brokerage fee, property fee, shop rental using Paytm Rent Payment services

Paytm is increasingly spreading its wings into more and more kinds of transactions in a bid to simplify the processes involved. Paytm, earlier this year, had introduced a new feature that enables users to pay their house rent using its platform. Today, the payments platform is taking this a step further by adding shop rentals, brokerage fee and other related services to its rent payment service. The company says that this new service will enable users to track all of their expenses in one place.

Paytm today announced that now Paytm users will be able to pay for their shop rentals, property deposits, token amount and other related services using its platform. The company says that this service will enable users to track all of their expenses in one place.

To pay brokerage fee or shop rental, all users need to do is select the ‘Rent Payment’ option from the ‘Recharge & Pay Bills’ section on the Paytm home screen. Here, users can select the kind of service that they want to pay for. Users can select from four options -- Office/Shop Rent, Property Token, Property Deposit and Broker Payment. Tapping on any one of the options will take the Paytm users to a screen where they will have to enter the Recipient’s details such as bank account number, IFSC Code, account holder’s name and phone number to proceed to make the payment. Alternatively, they can make the payment using the UPI ID. On tapping on the UPI ID option, users will have to enter the recipient’s UPI ID and mobile number before proceeding to make the payment.

Payment says that users will also see a new dashboard that will help them track all past rent payments and manage all of their beneficiaries in one place.

Furthermore, the payments platform announced that it is offering an assured cashback of up to Rs10,000 to users for paying their rent through their credit cards. Apart from this, new and existing Paytm users can also earn reward points from the credit card issuing bank as they pay their rent on Paytm via their credit cards.

This announcement comes shortly after Paytm announced that soon users will be able to find a vaccination slot using its platform. The company launched Covid-19 Vaccine Finder on its platform. This tool enables users to check the availability of vaccine slots for a particular date by entering the PIN codes of their areas. It can be used to find vaccine slots for both the age groups, 18 years and above and 45 years and above.