Digital financial services firm One97 Communications, owner of the Paytm brand, announced on Thursday a partnership with e-commerce company Flipkart for its annual festive season sale “The Big Billion Days” as a payment partner.
Flipkart, which has a majority stake in Paytm’s competitor PhonePe, will be holding its annual festive season sale between September 23 and 30, 2022.
“With this partnership, Paytm offers exciting cashbacks on payments made through Paytm UPI and Paytm Wallet,” Paytm said in a statement.
Paytm offers a guaranteed 10 percent cashback on all transactions, according to the Noida-based company.
“Our partnership with Flipkart as a payment partner for The Big Billion Days will provide a secure payment experience to millions of shoppers in small towns and villages across India,” said a Paytm spokesperson.
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