Paytm unveils food wallet to whet corporate appetite

In an effort to tap into the Rs 25,000 crore ‘tax-free allowance’ market, mobile wallet company Paytm has rolled out a ‘food wallet’ to replace the traditional meal voucher and provide tax-saving opportunities to corporate employees. 

According to Paytm, this will help employers pass on food allowance to employees under the government-approved tax-redemption bracket. The ‘food wallet’ will be available in the Paytm app, and the food allowance passed on to employees will be digital, eliminating risks of its loss or expiry. 

“Paytm’s food wallet comes with a unique interface where employees can see on real-time balance in the passbook and can