Paytm Partners with Greater Hyderabad Municipal Corporation to Deploy 400 Card Machines for Property Tax Collection

Paytm (One 97 Communications Limited), India's leading payments and financial services distribution company and pioneer of QR codes, Soundbox, and mobile payments, has partnered with the Greater Hyderabad Municipal Corporation (GHMC) to simplify property tax collection by deploying more than 400 Paytm innovative All-In-One EDC Devices (Card Machines).

The Paytm Card Machines deployed at multiple collection centers and for door-to-door collection, allows citizens to pay their property tax through credit cards, debit cards, and Paytm pioneered QR codes eliminating the need for cash, cheques, or demand drafts. The card machines are integrated with the GHMC app, enabling officials to check pending dues, collect payments instantly, and generate an on-the-spot confirmation slip.

With Paytm's seamless payment solution, GHMC has streamlined collections, ensuring faster and more reliable transactions. On an average, GHMC collects ₹5-7 crore in property tax every month, with collections surging to ₹22 crore during mid-year and fiscal year-end periods.

Paytm Spokesperson said, "Our partnership with GHMC is focused on making property tax payments simpler and more efficient for both citizens and municipal authorities. By offering innovative card machines and our pioneered QR-based payment solutions, we are ensuring greater convenience, faster processing, and improved transparency in tax collection. We are committed to driving innovation in payments and enabling digitization of public services."

Greater Hyderabad Municipal Corporation Spokesperson said, "We are committed to enhancing convenience for our citizens. By integrating Paytm's seamless payment solutions, including options to pay property taxes through credit cards, debit cards, and QR codes, we're making the process more efficient and accessible. This initiative reflects our ongoing efforts to embrace digital transformation and provide a hassle-free experience for our residents."

The company continues to innovate based on customer needs, introducing features like UPI statement downloads (PDF & Excel), UPI Trading Blocks for direct stock trade payments without pre-funding, and the 'Receive Money QR Widget' for instant payments without opening the app. It also enables users to check UPI-linked bank account balances on the Paytm app and supports UPI, UPI Lite for small payments, RuPay Credit Card linking on Paytm UPI, cards, and net banking for seamless transactions. Expanding globally, it now facilitates UPI payments in the UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal.

Source : Equity Bulls

Keywords

One97Communications Paytm Partnership GHMC PropertyTaxCollection Hyderabad 400CardMachines