New virtual debit cards are on the horizon for consumers to use to pay for travel and entertainment.
The latest to go live is the Virtual Railfan card.
It offers up to a $500 (£390) in virtual railfan points for the first time, which can be used to buy goods and services from Amazon, PayPal, eBay and other online retailers.
The card is the first virtual rail fan card to go on sale, with more to follow in the coming weeks.
“With a virtual rail card, you get the benefits of virtual rail,” said Paul Vohra, a senior executive at Paytm.
This is in line with the company’s previous efforts to attract users to pay using their mobile phones and tablets.
“If you have a prepaid debit card and you want to buy a new car or a new pair of shoes, you can do that using your virtual card.”
You can pay for that, too, but you can pay on your mobile phone.
“The card also has a range of perks including free Wi-Fi access, a discount on food and drink, and unlimited virtual train trips to your destination.
Virtual rail fans can also use the card for travel between New Zealand, Australia, Europe and the United States.
The card comes with an introductory price of $15, and users can add a third loyalty card to buy additional virtual rail travel.
In addition, Paytm is rolling out an app that allows users to add their card to their Amazon shopping cart, with a shopping price tag of $50.
Vohra told Reuters that Paytm was looking at a range to offer to consumers, and he expected the company to launch at least three new cards this year.
There are also plans to expand the virtual rail network, with Paytm working on a partnership with Skyrail.”
Paytm’s Vohrra added that PayTM is in talks with other companies to extend the network to more locations.”
We want to have a really broad cross-section of services and services that can be delivered.”
Paytm’s Vohrra added that PayTM is in talks with other companies to extend the network to more locations.
Paytm is also looking to expand its reach with more partnerships, with Vohranas saying he hopes to expand to cities such as Dubai and Singapore.
The company’s card also lets users pay for goods and service with Visa, Mastercard, American Express and American Express Direct debit cards.
Paym says that the card is more secure than its competitors because it doesn’t require the user to enter their PIN and password.
Vohrras said the company was looking to partner with major retailers to make it easier to pay.