Paytm Food Wallet Launched | Tax-Free food allowance to Salaried Employees

Paytm introduces food wallet, aims at hitting the likes of Sodexo

Noida based Mobile wallet and payment bank, Paytm launched its Food Wallet on the existing Paytm application. The latest feature will allow employers to transfer food allowance in a cashless manner under the tax- free bracket.

The new service will directly compete Sodexo and Ticket Restaurant which offer physical coupons for the same.

Earlier this process was highly dependent on meal vouchers and coupon players like Sodexo and Ticket Restaurant. However, in March this year, the RBI released guidelines asking meal coupon operators to be digitised by the end of 2017.

The new update will allow users to redeem vouchers at office cafeteria and a wide range of online and physical merchants including KFC, Burger King, Zomato, Pizza Hut, and Big Bazaar among others.

As per the companies blog, employees will also be provided added benefits like exclusive deals, discounts and cashbacks.

Read More @ Paytm Blog

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s