Paytm UPI payment gets you cashback points: Know how to get FREE coupons, deals

Making payments via Paytm UPI allows you to get cashback points. Here’s how to earn them and get coupons as well as deals.

Paytm does not reward with direct cashback to your wallet but it does offer something called “cashback points”. (AFP)

Remember the good old days of Google Pay rewarding you every time you made a transaction via its platform? From mega cashback amounts of up to Rs. 2000 and several coupons as well as vouchers, Google Pay rewarded unlike any other service back in its heydays. While Google Pay does not reward like the old days anymore, it turns out that Paytm has taken over its duties.

Paytm does not reward with direct cashback to your wallet but it does offer something called “cashback points”. This is rewarded when you make transactions via Paytm UPI. Paytm says that you can win up to 500 cashback points on every transaction made via the platform. One can use these cashback point to avail coupons and deals from various vendors.

Note that the cashback points reward is available only of you make the transaction via the Paytm UPI method. The cashback points are not applicable on wallet payments. The Paytm UPI method requires to scan UPI QR codes and type in your UPI passcode to make quick and secure payment.

How to earn cashback points via Paytm UPI payments

Step 1: Open the Paytm app. Ensure you are logged in to your account.

Step 2: Now click on the ‘Scan and Pay’ option or ‘Send Money to Anyone’ option.

Step 3: In the ‘Scan and Pay’ option, you can send money by either scanning the QR code or by adding the recipient’s phone number manually. You can also select the recipient’s phone number from your phone’s contact list (works on both iPhone and Android).

Step 4: Next, you need to enter the desired amount you want to send to the recipient. When done, click on the ‘Pay’ option.

Step 5: You will now need to enter the Paytm UPI PIN.

Step 6: Once the payment is done, you will receive notification of successful payment.

Step 7: After this, you will receive a scratch card on the payment confirmation screen. Note that it needs to be scratched within 7 days to avail the benefit. This offer is valid till January 31, 2022.

Step 8: Once the card is scratched, you will see the coupon and its validity period. Note that coupons cannot be transferred or exchanged.