Digital financial services platform Paytm has launched a 24×7 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. The company has made this announcement after Reserve Bank of India (RBI) decision to make RTGS facility 24×7. This service saves time and resources and it is beneficial for SME & large enterprises who use it to adopt an automated payment mechanism.
Important takeaways for all competitive exams:
- Paytm HQ: Noida, Uttar Pradesh;
- Paytm Founder & CEO: Vijay Shekhar Sharma.