Paytm has launched credit cards under the name Paytm First in partnership with Citibank. The plan is to acquire 25 million customers in a month with first ever offers like unlimited 1% cashback on purchases.
In the first 4 months of usage, Paytm will offer its customer discounts worth Rs 10,000 on Rs 10,000 spending. The cards are procurable at a minimum price of Rs 500 that can be waived off by spending Rs 50,000 in a year via Paytm First. (Source)
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