Post cash-crunch, mobile wallet companies like Paytm have seen a steady decline in the number and volume of transactions on their platforms and to counter that Paytm announced the Great Apple sale today on its platform.
Paytm and other mobile wallet companies saw a huge surge in transactions on their apps since the PM Modi-led NDA government announced demonetisation of the biggest currencies of the country, replacing them with even bigger ones.
Paytm is now offering cash backs up to Rs.10,000 on iPhones and Rs.20,000 on Macbooks.
The mobile wallet ecosphere in Digital India has suffered a huge blow as cash has found its way back in circulation in the economy and most of the merchants have even stopped accepting this mode of payment.
The cashback will be credited to customer’s account within 24 hours of delivery of the product. To avail the cashback, users will have to pay via credit/debit card or internet banking. Cash on Delivery can not be availed in order to receive a cashback.
Deals on iPhones
Paytm is offering cashback of Rs. 10,000 and Rs. 7,500 on iPhone 7’s 256GB and 128GB model, respectively. iPhone 7 Plus 256GB model is available with a cash back of Rs. 12,000.
Earlier iPhone models like iPhone 6 (16GB) and iPhone 6 Plus (64GB) come with a cash back of Rs.3500 and Rs.6500, respectively.
Deals on iPads
Apple iPad Pro (32GB) comes with a cash back offer of Rs. 12,000. All the other models of the iPad come with a 12% cashback offer.
Deals on Macbooks
The Apple Macbook Pro with an i7 processor, 256GB storage and 16GB RAM (and higher models) comes with a cash back of Rs.20,000 while the lower models get a Rs.7500 cash back offer. Macbook Air comes with a cashback of Rs.9000. The cheapest of the lot comes at Rs. 55,499 with a Rs.6500 cash back.
Disclaimer: We encourage readers to compare Paytm prices with those on Amazon as well as Flipkart to get a better picture of how much you’re spending and how good the cash back offers really are.