In recent times, UPI has taken over paper notes and card payments as the transaction mode of choice among the masses. To leverage the payment mode further, most service providers bring perks to users in the form of cashback, vouchers and such. However, PAYBACK members can further accelerate the benefits available!
India’s leading loyalty reward programme, under BharatPe, has launched PAYBACK PAY – a first of its kind payment feature that integrates loyalty and QR-based UPI payments to offer optimal benefits.
With this feature in tow, PAYBACK app users can earn rewards points (treated as currency) instead of the usual cashback whenever they make transactions via UPI.
Make the Festivities Merrier!
This payment feature, made available right before the festive season, is sure to make online shopping more cost-effective for UPI users.
Previously, PAYBACK users enjoyed the provision of earning reward points while making purchases from any of the brands covered under the purview of this loyalty programme.
However, the benefits of PAYBACK PAY are much more inclusive!
For instance, with this payment system, members can scan the UPI QR code at any merchant outlet or retail store to make payments. Consequently, they will be able to earn reward points on every such transaction.
This means that if you are planning to shop from nearest retail store or even neighbourhood kirana store, you just SCAN through PAY to do UPI transaction and earn reward or loyalty points on your UPI transactions instantly.
But, how will these points act as currency?
Redeeming the PAYBACK Points
The benefits of PAYBACK PAY are not limited to earning reward points.
Soon, the feature of redeeming PAYBACK points will be added at over 75 lakh merchant stores via BharatPe QR. The accumulated points will then be treated as universally accepted currency at these stores.
PAYBACK app users will simply need to redeem the points earned to enjoy discounts. They also stand to make their purchase free of cost.
The more points a member manages to accumulate, the higher will he/she be able to save! Further, unlike cashback benefits, there’s no limit to the amount a user will be able to save with PAYBACK PAY.
Wait, There’s More!
Here are a few more PAYBACK PAY perks that can help sweeten the entire deal for members:
- Points earned will be credited in real-time into the member’s account. He/she will then be able to redeem them while shopping via the PAYBACK app or portal. In near future, these points will be instantly redeemable at selected PoS.
- Users can earn 50 reward points on their first transaction with PAYBACK PAY.
- On every consequent transaction, they will be able to earn up to 10 reward points.
- Users also stand to earn 2X reward points while making payments by scanning BharatPe QRs.
All these, on top of the usual benefits of shopping via PAYBACK!
Thus, with these benefits at their disposal, users can make the most of their shopping experience this festive season. Irrespective of whether they are making payments at their local kiranas or big departmental stores, the benefits of PAYBACK PAY are universal!