Paytm will now allow users to pay their traffic challans and municipal taxes. The traffic challan service is currently live in Mumbai, Pune and Vijayawada, and Paytm says it will be expanded to other cities soon. Currently, the municipal taxes payment feature is live only for Municipal Corporation of Gurgaon and allows users to pay their property tax. Vehicle owners can now log onto Paytm, tap on ‘Traffic Challan’, enter their vehicle number, and after verifying the details, proceed to pay for the challan. The company added that it will generate a digital invoice and the customer’s surrendered documents will be dispatched via postal services by the respective police department. Note that Mumbai, Pune and Vijayawada police have websites where people can pay their traffic violation challans as well. Paytm has been steadily increasing the number of offerings it has. - In April, it entered the employee benefits space and launched a Food Wallet where companies will be allowed to load food allowance to employees under the government’s approved tax redemption bracket. - In the same month, it introduced gold purchases as its first “wealth management” product, allowing consumers to purchase gold online from MMTC-PAMP. MMTC is Government of India, public sector trading enterprise, and PAMP SA is a Swiss company and a bullion brand. - In March, Paytm launched recurring billing services for companies through its wallet. The company is targeting video streaming apps, websites, newsletters and media companies for the new service. Developers will be able to use APIs, SDKs and Plugins to accept…
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