Paytm launches 24×7 RTGS cash switch for retailers

Digital monetary providers platform Paytm has launched a 24×7 RTGS facility to help the businesses that make high-value transactions. It additionally allows companies to make bulk and on the spot cash transfers to their staff, distributors & companions. Customers can immediately make bulk funds to Bank Accounts, UPI addresses, and Paytm Wallets by means of Paytm Payouts’ APIs and Paytm for Business Dashboard.

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Paytm Payout is the one service supplier that gives seamless around the clock cash transfers by means of Wallet, UPI, IMPS, NEFT & RTGS. The firm has made this announcement after Reserve Bank of India (RBI) determination to make RTGS facility 24×7. This service saves time and sources and it’s helpful for SME & giant enterprises who use it to undertake an automatic cost mechanism.

Important takeaways for all aggressive exams: 

  • Paytm HQ: Noida, Uttar Pradesh;
  • Paytm Founder & CEO: Vijay Shekhar Sharma.

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