Bulk payments live on Paytm

BENGALURU: Paytm Payment Gateway, which is owned by One97 Communications, has launched bulk payments facilities for its merchant partners, using which they can send payments to multiple bank accounts at one go thereby catering to payment requirements for vendors, employees, suppliers, partners and others.

This is part of Paytm’s plans to expand its scope of operations for partner businesses. The solution will be enabled with modules such as beneficiary management, validation services and bulk disbursement, etc.