Paytm Payment Gateway launches UPI subscription services for businesses
Paytm announced the launch of subscription service for businesses. Named as ‘Paytm Subscriptions’, the service will enable businesses to collect payments from their users via flexible payment methods.
Subscribers will be able to choose to pay through their preferred payment option of Patym Wallet, UPI or cards. To provide a seamless user experience, the payment gateway is built with intelligent features such as pre-debit notifications, smart retry, intelligent routing between multiple bank gateways, card expiry notifications, and intelligent error code handling. Merchants can also integrate the payment options to display them on a TV screen or facilitate in-app purchases.
Speaking about the development, Saloni Malhotra, Vice President at Paytm said, "We are excited to launch Paytm Subscriptions, which enables companies to receive periodic and timely payments for their services. Businesses of all sizes can integrate flexible payment options for their subscribers. We have already onboarded several leading online platforms and are expecting to bring in more than 1,000 businesses within the next six months."