Paytm will now allow recharges to its wallet through Bank of Maharashtra ATMs. Paytm says that Bank of Maharastra debit card holders will be able to use the facility over their 1,800 ATM network. However, it does not mention whether other banks debit cards can be used at their machines and if the deal is exclusive to Bank of Maharashtra customers. An Economic Times report adds that Paytm is partnering with other banks to enable top ups for the wallet. Paytm, in recent times, has been expanding the scope of its payments to offline nodes. Earlier this month, the company started allowing payments on Kirana stores via QR codes. The QR code option, according to the company, will allow kirana stores, autorickshaws, taxis, cabs, fast food joints among others to carry a laminated QR code to receive payment without a data connection. It's also worth remembering that Paytm said it would open around 50,000 offline retail outlets where users can load cash into their wallets (I haven't seen them in Mumbai. Let us know if you have anywhere else). MediaNama's take It makes enormous sense for Paytm to tie up with more banks to load money on their wallet via ATMs as ATMs are more familiar with people. According to Reserve Bank of India's data for May, there were 570,813,794 debit cards in circulation. The number of ATM transactions using a debit card were 636,626,458 and the value of these transactions was Rs 2.09 lakh crore. Compare this to the number of transactions on prepaid payment instruments in 2014-15 were 314 million while the…
