Paytm Food Wallet: Paytm has launched Food Wallet feature to help enterprises transfer food reimbursements to their employees. This Paytm Food Wallet serves employees in a cashless manner under a tax-free bracket. Typically, it is a Sodexo like feature making digital payments at food outlets. Also, this helps users preventing loss of coupons or expiry.
Paytm taps the Rs. 25,000 crore tax-free allowance market with the launch of this Food wallet. The food wallet comes inbuilt within the Paytm app with a unique interface to real-time balance. The Nearby feature in the Food wallet provides a list of partnered food outlets in the surroundings.
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Paytm claims that the Food wallet has been rolled out for some corporate offices, and allows sending money to employees residing anywhere in the country. Paytm CEO Vijay Shekhar Sharma also tweeted that the Food Wallet will recognize all your payments at all partnered food and beverage outlets.
Essentially, this Paytm food Wallet replaces the bulky physical coupons and makes the transactions digital. You can make use of this at KFC, Burger King, Pizza Hut, Cafe Coffee Day, Zomato and Big Bazaar among others. Besides this, the food wallet also offers some exclusive discounts, offers, and cashbacks as well. Paytm claims that they have partnered with many outlets across the country to serve better with the food wallet.
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“Paytm food wallet will revolutionize the traditional meal voucher space and will benefit all stakeholders - employers, employees and food retailers. Corporate employees can now pay for their food and beverages using their mobile on the go and keep track of all payments made on the app,” says, Kiran Vasireddy, Senior Vice President at Paytm.
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