Paytm launches subscription service, Bengaluru: Taking the popular subscription programs of Amazon and Flipkart, mobile payment chief, Paytm is ready to start his own membership program – Paytm First – as it looks to capture the rivals. The Ant Financial and SoftBank supported company is looking at nearly 3 million subscribers in the first year, is investing around Rs 250 crore in the line of this business and hopes that it will have at least 50% of its user’s interaction rate Will cut.
Paytm launches subscription service to take on Amazon, Flipkart, Programme ‘Paytm First’
It all started with Amazon when it launched Amazon Prime Services in India in 2016 and announced its Flipkart Plus service last year to face the same Flipkart, which is the ‘customer-first’ profit based on the digits and fees. The program was in the form of. Two months after the announcement of online food ordering with Zamato, Paytm has now presented the Paytm First subscription-based program for an annual fee of 750 rupees.
Paytm will offer exclusive offers during first shopping, live TV, cricket, movies, food ordering, and on-demand entertainment. As part of the launch, Paytm is giving a cashback of 100 rupees to users nominated in the first program.
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Paytm First users will get special benefits from many partners, including ViU Premium Subscription and Benefits for Zomato Gold Users, as well as membership of Annual Ganna, Sony Live and Eros. Now from their partner. In addition, Paytm will provide first-user benefits up to Rs 6,000 on Uber and up to Rs 2,400 on Uber Eats. All these offers add up to Rs 12,000 in total.
What’s more, users will get a cashback of Rs 1,500 on purchases on the Petty and 100 rupees cashback on booking movie tickets every month. Membership also comes with free, priority and unlimited shipping for users across India.
Paytm First Annual Subscription will be available on payment of Rs 750, Paytm launches subscription service, as the company aims to generate 3 million subscribers in the first year of service.