Transactions on Paytm now insured via free insurance cover

Continuing with the rapid, penetrative expansion of its e-wallet platform, Paytm today announced a free of cost insurance cover for users’ e-wallets. With the e-wallet insurance service, Paytm endeavours to provide safety of its services against unlawful debits from the wallet. The company stated that customers utilising its wallet services will be rendered an insurance cover of up to Rs20,000 or the last recorded balance in their wallet, whichever is lower. Read more: