Paytm Share Price Jumps Over 2% as GHMC Deploys 400 Card Machines for Property Tax Collection

Paytm’s share price saw a notable rise of over 2% as of 12:35 PM following the announcement of its strategic partnership with the Greater Hyderabad Municipal Corporation (GHMC). The collaboration aims to digitise and streamline the city’s property tax collection system by deploying more than 400 Paytm All-in-One card machines.

Simplifying Property Tax Payments for Hyderabad Residents

Under this partnership, Paytm has equipped various collection centres and door-to-door collection agents with its advanced card machines. These devices allow residents to pay their property taxes using credit cards, debit cards, and QR codes—eliminating the need for physical cash, cheques, or demand drafts.

Moreover, these devices are fully integrated with the GHMC’s official app, allowing municipal officials to instantly check dues, collect payments, and issue confirmation slips on the spot. This digitised solution promises faster, error-free, and more transparent transactions.

Boosting Efficiency and Transparency in Collections

GHMC reportedly collects between ₹5–7 crore in property tax on a monthly basis, with this figure peaking at around ₹22 crore during mid-year and fiscal-end periods. By adopting Paytm’s digital payment infrastructure, the municipal body hopes to reduce payment delays, eliminate manual errors, and offer Hyderabad residents a seamless, tech-enabled experience.

Statements from Paytm and GHMC

A Paytm spokesperson shared, “Our partnership with GHMC is focused on making property tax payments simpler and more efficient. With our card machines and QR-based payment solutions, we’re providing citizens with a reliable and convenient way to transact.”

The GHMC also echoed this sentiment, stating that the integration of Paytm’s solutions aligns with its goal of driving digital transformation in civic services and offering a hassle-free experience for the public.

Innovation Beyond Tax Collection

The press release also highlights how Paytm continues to innovate across its digital payments ecosystem. Recent features include downloadable UPI statements, UPI Trading Blocks for stock trades without pre-funding, and a QR widget for receiving money instantly. Paytm users can also check UPI-linked bank account balances within the app.

Additionally, Paytm’s international expansion has enabled UPI payments in countries like the UAE, Singapore, France, Mauritius, Sri Lanka, Bhutan, and Nepal.

Conclusion

The rise in Paytm’s share price by over 2% reflects investor optimism around its expanding role in digitising public services. While the partnership with GHMC is a step towards smarter urban governance, it also strengthens Paytm’s positioning as a key enabler of India’s digital payments ecosystem.

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