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    CM interacts with the participating saints of the Gujarat Tirth yatra of Ramakrishna Mission

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    Chief Minister welcomes the union budget 2023-24: Thanks Prime Minister & congratulates Finance Minister

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    Members of Ahmedabad Chapter who were honored with PRSI national award felicitated at AMA

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    CM interacts with the participating saints of the Gujarat Tirth yatra of Ramakrishna Mission

    CM interacts with the participating saints of the Gujarat Tirth yatra of Ramakrishna Mission

    Chief Minister welcomes the union budget 2023-24: Thanks Prime Minister & congratulates Finance Minister

    Chief Minister welcomes the union budget 2023-24: Thanks Prime Minister & congratulates Finance Minister

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    Members of Ahmedabad Chapter who were honored with PRSI national award felicitated at AMA

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    2nd highest Gross GST collection in January 2023, breaching earlier 2nd highest record in the Month of October 2022

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    Kanha Music & Meditation Festival kicks in marking 150th Birth Anniversary Week of Lalaji Maharaj as Sangeet Samragyi Kaushiki Chakraborty renders enchanting music

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    9 out of 10 people in Vadodara have Vitamin D deficiency: Tata 1mg labs

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    COLORS’ actors send their best wishes on Republic Day!

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    Governor of Maharashtra releases author Manoj Gursahani’s first book in Mumbai

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    Prime Minister congratulated the citizens on the occasion of Republic Day

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    Gujarat CM takes important decision giving rebate on the payment of outstanding municipal taxes

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    Startup India Innovation Week culminates today with felicitation of Winners of National Startup awards 2022

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Paytm Payment Gateway is the largest processor for business payments, achieves 750 Mn monthly transactions

NewsMonks by NewsMonks
2 years ago
in Business, E Commerce, Economy
3 min read
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PayTM pulls out from Google Play Store, Reason to be Gambling policy Violation
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– India’s only leading payment gateway service provider powering seamless digital payments for BFSI, retail & D2C e-commerce, Utilities,  food delivery, transport services, digital entertainment, gaming, government services, edTech and travel industry, to name a few.
– Payment instruments issued by Paytm (Paytm Wallet, Paytm UPI, EMI and postpaid) contribute about 60% to the total transactions
– Paytm PostPaid & EMI are the fastest growing instruments with 25% month-on-month growth
– Does not levy any charges on UPI & Rupay transactions, nor circumvent any guidelines by levying such charges
– Reliable technology & strong compliance make complex business processes of large enterprises seamless & efficient
– Enables automated vendor payments, employee salaries, and customer refunds through Paytm Payout
– Technology savvy-startups and developers are readily integrating these comprehensive services using PG APIs

India’s leading digital financial services platform Paytm has today announced that it’s ‘All-in-One Payment Gateway’ is the largest processor of business payments and now registers over 750Mn monthly transactions, driven by the increasing adoption of online payments for sectors such as BFSI, retail & D2C e-commerce, utilities, edTech, food delivery, digital entertainment, gaming and online shift of businesses during and post covid times. The Paytm Payment Gateway’s transaction volume has long surpassed pre-covid levels. What has further accelerated this adoption is the most number of payment sources Paytm PG offers than any other player in the market. This includes Paytm & Paytm Payments Bank Issued Instruments such as Paytm Wallet, Paytm PostPaid, Paytm Gift Vouchers, and Loyalty Points in addition to the standard payment methods such as UPI, net banking, all debit and credit cards.

Paytm Payment Gateway’s growth is also fuelled by offering UPI and Rupay transactions completely free for online businesses, SMBs and large enterprises. It is the only platform that does not levy any charges on UPI & Rupay transactions nor circumvent any guidelines by levying such charges. The ever increasing adoption of payment instruments issued by Paytm Payments Bank, including Paytm Wallet and Paytm UPI have contributed about 60% to the total transactions registered on the gateway. Also, Paytm PostPaid & EMI services which were launched last year has continued to gain popularity with users and are registering 25% month-on-month growth.

Powered by the most modern and robust AI-based tech stacks, Paytm All-in-One Paytm Gateway offers industry-leading success rates, uptime, and transaction processing capacity. Coupled with best in class tech, Paytm Payment Gateway provides developer-friendly, customizable SDKs & technology support to build highly customized user interfaces that enhance the overall payment experience for end customers. The Paytm Payment Gateway also comes with a powerful merchant dashboard, which allows merchants to run their business effectively. It also allows businesses to create payment links, disburse funds through payouts, view transactions and settlement reports, generate invoices, issue refunds, and do a lot more. Using these most advanced PG APIs, technology-savvy start-ups and developers are readily integrating the comprehensive services and digitizing their business processes.

By availing services of Paytm Payments Gateway, millions of merchants have been able to digitize & automate their payment collection, disbursement, and reconciliation processes. They accept payments via a wide range of Paytm-issued instruments, such as Paytm Wallet, Paytm PostPaid, Paytm Gift Vouchers, and Loyalty Points in addition to the standard payment methods such as UPI, net banking, all debit & credit cards. In a short span of time, over 42% of its partnered business partners have moved towards creating and sharing payments link /invoices without investing time to build their own platform.  Fast & seamless payments due to Paytm Payment Gateway’s AI-enabled comprehensive product suite has led to 2x growth in digital transactions for these businesses. Similarly, Paytm Payout has processed over Rs. 1660 crore of the monthly transactions and has become the most reliable for companies to make regular payments to a large number of vendors, salaries and food allowance to employees, rewards or instant refunds to their customers and even other expenses like utility bills for multiple offices.

Praveen Sharma, Sr. Vice President at Paytm said, “We are the leading providers of payment gateway services and take pride in enabling millions of businesses to automate & centralize their payment processes. This step will further deepen the importance of digital payments for businesses and bring to them the advantages of the digital economy. Our systems have the capacity to manage up to 2500 transactions per second which ensure stability when our enterprise merchants see spikes during special events and sales. We will continue to launch new solutions that make business processes simpler, flexible and more efficient.”

As per the latest RedSeer report on digital payments in India,  Paytm All-in-One Paytm Gateway is the fastest growing payment gateway with over 42% market share. It is a leader in the Payment Gateway segment and has built strong traction in the enterprise business. The list of enterprise clients includes industry leaders such as IRCTC, Zomato, Uber, Jio, Oyo, Swiggy, Big Basket, Gaana, MPL, Grofers, Curefit, Flipkart, and Dream11 among others. Also, it has a strong presence and acquires merchants through direct routes, bank partnerships and other aggregators under its Paytm Partner Program.

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