Paytm food wallet launched

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

The new update will allow users to redeem food vouchers at office cafeteria and a wide range of online and physical merchants including KFC, Burger King, Zomato, Pizza Hut, and Big Bazaar etc.
As per the Paytm companies blog, employees will also be provided additional  benefits like exclusive deals, discounts and cashbacks.
PAYTM Senior Vice President Kiran Vasireddy said"Corporate employees can now pay for their food and beverages using their mobile on the go and keep a track of all payments made on the app. This will offer great convenience when compared to the traditional instruments like paper vouchers and will have tax benefits too.”