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Paytm Payouts processes INR 1,500 Cr transactions within first year of launch

Shortpedia

Content Team

Digital payments giant Paytm, on Sunday, announced that it has processed close to INR 1,500 Cr in salaries and other benefits for over 5K medium and large enterprises through its Paytm Payouts service. The Paytm Payout services, which was launched this year, is a digital money transfer service that offers an API or Paytm for Business Dashboard to make bulk payments to bank accounts, UPI addresses and Paytm wallets instantly.