What are Cashpoints in PayZapp & How to Redeem them?

PayZapp, HDFC Bank's mobile payment application, offers a rewards system known as Cashpoints. This system allows users to earn rewards for their transactions and use them to enhance their digital payment experience. This article provides a comprehensive overview of PayZapp Cashpoints, including how to earn, use, and redeem them effectively.

Definition and Conversion Cashpoints are reward units given to users of PayZapp for performing specific transactions. Each Cashpoint equals ₹1 in value. For instance, 50 Cashpoints are equivalent to ₹50. These points can be used to make payments through the PayZapp application or can be redeemed and added to your PayZapp wallet.

Usage Cashpoints can be redeemed for an equivalent amount in your PayZapp wallet or used directly as a payment method. The process of converting Cashpoints to wallet balance involves a straightforward transaction within the app, ensuring that users can easily manage their rewards.

Earning Process

1. Transactions: Engage in daily transactions using PayZapp, such as paying utility bills, mobile recharges, or grocery shopping.

2. Coupon Codes: During payment, look for and apply available coupon codes that offer Cashpoints. Ensure that the coupon code is entered correctly to qualify for the reward.

3. Successful Transactions: Upon completing a transaction with an applicable coupon code, Cashpoints are credited to your account. The crediting process may take up to 7 days.

Requirements Ensure that your KYC (Know Your Client) verification is complete to use PayZapp and redeem Cashpoints. Check your earned Cashpoints and available offers in the “Cashpoints & offers” section of the app.

Redemption Process

1. Access Cashpoints Widget: Open the PayZapp app and navigate to the Cashpoints widget on the dashboard or find it via the menu under Rewards > Cashpoints and Offers.
   
   

2. Redeem Cashpoints: Select ‘Redeem Cashpoints’ and adjust the number of points you wish to redeem. Confirm the transaction to transfer the equivalent amount to your PayZapp wallet.
    

Transaction Process

1. Select Payment Method: When making payments, choose the ‘change payment method’ option and select Cashpoints
   
   

2. Payment Requirements: Ensure that the number of Cashpoints is equal to or greater than the transaction amount for successful payment.
    

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.