Your browser is not supported for the Live Clock Timer, please visit the Support Center for support.

Paytm registers double the growth in digital gold; over 75 million customers have transacted 5000 kg till now

– Increases buying limit to Rs 1 crore in a single transaction
– New users have increased by 50% and average order value by 60%
– Digital gold now also available on Paytm Money

 India’s homegrown digital financial services platform Paytm has announced today that it has recorded  the double growth in the digital gold transactions during the last six months. Since the beginning of this financial year, new users have increased by 50% and the average order value is up by 60%. With this, the total transaction volume on the platform has crossed the milestone of 5000 kg. The company has now extended the Paytm Gold services to Paytm Money platform, enabling users to buy & sell digital gold on any of the two platforms.

The company has also announced the launch of its high-value transaction product feature wherein users would be able to buy Paytm Gold worth up to Rs 1 Crore in one go on its app. Previously, it was possible for users to buy gold only up to Rs 2 Lakh in a single transaction. Now, with this change, users can purchase higher quantities of Gold in a completely seamless and transparent manner.

Paytm has registered a steady rise in the number of customers and over 73 million people have bought Paytm Gold on the platform till now. Almost 40% of these buyers are from smaller cities & towns, which reflects that now people across the country are considering digital gold as a serious investment option. This is further confirmed by the fact that this year’s Akshay Tritiya embarked 2.5x sales compared to the last year.

More News from business

Hemalini shares a memoir

  CNM Movie Reporter Bollywood dream girl Hema Malini is all set to make a comeback with Shimla Mirchi. Meanwhile, the actor shared an early picture of her film. The picture is very specific. This photo taken by Hemalini in the guise of Goddess is now the talk of the fans. The actor says that she […]

Renji Panicker to release first look teaser of ‘Oru Canadian Diary’

CNM Movie Reporter Debut director Seema Sreekumar who is the granddaughter of poet Kunhiraman Nair,directs the movie Actor-director Renji Panicker will release the first look teaser of ‘Oru Canadian Diary’, directed by debut director Seema Sreekumar under the banner of Sreem Productions, on his official Facebook page at 6 pm on October 14. The movie’s […]

Bollywood actor Saif Ali Khan as Ravana in Prabhas movie Adipurush

Bollywood actor Saif Ali Khan will play the role of Ravana in Prabhas’ movie Adipurush, which is being prepared by Om Rout based on the Ramayana story. This is the first time Prabhas and Saif Ali Khan have teamed up. Prabhas made the announcement on his social media account. Prabhas shared the poster saying that […]

Recent News

Education

‘Metro Man’s tips for successful engineering career

Young Graduates exhorted to imbibe values.1491 students were awarded degrees in the 16th convocation of NITC. Dr. E Sreedharan urges the fresh graduates to cultivate values of punctuality,integrity, professional competence and social commitment CNM Education Reporter Punctuality, Integrity, Professional Competence and a yearning to serve the Society are the virtues required for a successful engineering career, […]

IIM Kozhikode Beats Pandemic Blues, Secures 100% summer placements for its largest batch ever

  •        With 52% women candidates and 40% non-engineering candidates, this largest cohort included the flagship PGP course and the inaugural batches of PGP Liberal Studies and Management and PGP Finance •           Season attracted participation from 144 recruiters who offered internships to 541 students with the highest stipend for two months pegged at INR 3.2 lakhs. […]

November 7, 2020

NEET UG Result; Kerala girls got two ranks; CM Pinarayi congrats winners

Ayesha’s dream is to study MBBS at AIIMS Delhi. Two Kerala girls got top ranks in the NEET UG examination 2020. Ayesha S of Koyilandi in Kozhikode secured first rank in Kerala.She got 12 rank in All India by securing  710 marks. Lulu of Nenmara in Palakakd came second with 706 marks.  Both got the results  in their second […]

October 17, 2020

More News