Paytm digital financial services platform announces that they would have 5 million bookings of LPG cylinders within a year of commencement. Hence, Paytm becomes India’s largest platform for Liquefied petroleum gas (LPG) cylinder bookings services.
Followed by Indian Oil’s Indane, Paytm partnered with HP gas and launched ‘Book a Cylinder facility last year. In May this year, it announced a tie-up with Bharat Gas.The platform is noticing a massive amount of repeated customers because of its hassle-free and comfortable booking system. The users will get doorstep services that are useful during these Coronavirus pandemic situations.
Narendra Yadav, Vice President of Paytm, said that Liquefied Petroleum Gas (LPG) cylinder is one of the country’s extensive utility sectors, surrounding all socio-economic categories & geographical areas. There is a high-priority category for the company and is one of the significant drivers towards attaining the intention of digitization of all necessary services. The company’s next target is to cross the model of 10 million bookings by the end of this fiscal year.
The procedure for booking an LPG cylinder through Paytm is that the user requires to go to ‘Book a Cylinder tab’ and choose his gas provider, enter LPG ID/mobile no. /consumer no. and finally make the payment. The provider was distributed to the registered house by the gas provider of a particular agency.
Paytm is the market leader in various categories such as electricity, piped gas, water, etc. The firm is ramping up its agreements across the committee to provide a detailed list of all assistance services across the countries. Another step ahead towards giving rise to digital payments system is that Paytm is pleased to share that the company has evolved as the most massive enabler of Liquefied Petroleum Gas (LPG) cylinder bookings service in the country.
Paytm, a digital financial services firm, spent about INR 1,000 crores worth of loans to merchants by March 2020. These loans would enable them to digitalize their business and modify their operations to increase their efficiency and assist in joining the Digital India mission.