Paytm Partners with GHMC to Digitize Property Tax Collection in Hyderabad

Paytm (One 97 Communications) has joined hands with the Greater Hyderabad Municipal Corporation (GHMC) to enhance property tax collection by deploying over 400 digital payment devices across the city.

The move is part of GHMC’s effort to improve efficiency, transparency, and convenience in tax payments while reducing dependency on cash transactions.

How Paytm's Digital Payment Devices Will Help Residents

Paytm has installed Paytm All-In-One EDC (Electronic Data Capture) devices at GHMC collection centers and for door-to-door tax collection. These devices allow residents to settle property tax through:

✔ Credit Cards
✔ Debit Cards
✔ QR Code Scanning

Additionally, the devices are integrated with the GHMC app, which enables officials to verify outstanding dues, process real-time payments, and issue confirmation slips instantly.

Impact on Hyderabad’s Property Tax Collection

• GHMC collects between ₹5-7 crore per month in property taxes, and during peak collection periods, this figure can rise to ₹22 crore.

• The integration of Paytm’s digital payment system aims to streamline these collections and reduce delays.

• The digital initiative eliminates the need for cash, cheques, or demand drafts, ensuring faster and more secure transactions.

Statements from Paytm & GHMC

✔ Paytm Spokesperson:
"Our partnership with GHMC enhances property tax payments, making them more efficient and convenient for citizens."

✔ GHMC Representative:
"With Paytm's payment solutions, residents now have multiple digital options to pay their taxes without any hassle."

Paytm Expanding Its Digital Payment Services

Apart from this municipal partnership, Paytm has recently launched new digital features to improve user convenience:

• UPI Statement Downloads – Allows users to track their UPI transactions easily.

• UPI Trading Blocks – Helps secure transactions for investors.

• Receive Money QR Widget – Enhances digital payment efficiency.

Paytm Stock Performance & Market Reaction

Following this announcement, Paytm shares rose by 2% on April 2, as investors reacted positively to the expansion of its fintech services in municipal tax collections.

As digital payment adoption grows, Paytm's collaboration with GHMC is expected to set a precedent for other municipalities in India looking to modernize their tax collection systems.

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