Paytm offers ‘rent payment’ feature through credit cards with a cashback offer February 09, 2021 Aims to process rents worth ₹ 300 crore by March 2021 Paytm, a digital financial services platform, has expanded its rent payments feature enabling tenants to transfer their monthly rent to their landlords’ bank account through their credit cards. The company has also announced a cashback of up to ₹1,000 on such transactions. Besides earning cashback on every transaction, users will also be able to accumulate credit card points. Narendra Yadav, Vice President - Paytm said in a statement: "House rent is one the highest recurring expenses for tenants in our country. Within few months of the launch, our Rent Payment feature is already enabling millions of users to maintain liquidity in these uncertain times and pay the rent as per their credit card cycle. With the expansion of this service, Paytm will continue its market leadership in rent payments, and we are expecting to process rents worth ₹300 crore by March '21”.