Paytm launches 24x7 RTGS money transfer for merchants
Customers can instantly make bulk payments to Bank Accounts, UPI addresses, and Paytm Wallets through Paytm Payouts APIs and Paytm for Business Dashboard. December 16, 2020 / 01:26 AM IST
Digital financial services platform Paytm on December 15 launched a 24x7 RTGS facility to support the companies that make high-value transactions. It also enables businesses to make bulk and instant money transfers to their employees, vendors & partners.
Customers can instantly make bulk payments to Bank Accounts, UPI addresses, and Paytm Wallets through Paytm Payouts APIs and Paytm for Business Dashboard.
Paytm Payout is the only service provider that offers seamless round the clock money transfers through Wallet, UPI, IMPS, NEFT & RTGS.
Paytm launches 24x7 RTGS money transfers for businesses
Paytm’s 24x7 RTGS money transfer system was launched after the Reserve Bank of India (RBI) announced to make RTGS a 24x7 facility. This will help the SMEs
| 15 Dec 2020 1:46 PM GMT
New Delhi: One of the leading digital financial services as well as mobile wallet platform, Paytm has now launched a 24x7 facility as a part of its Payout service for the businesses to make bulk and instant money transfer to their employees, vendors and partners. This new facility will support the companies to make high-value transfers without any interruption.
The launch of this 24x7 facility came after the Reserve Bank of India announced to make RTGS (Real-Time Gross Settlement) a 24 7 facility, Paytm for Business Dashboard and Paytm Payouts APIs to make bulk payments to Bank Accounts, Paytm Wallets, and UPI addresses instantly.