Paytm payment gateway introduces bulk payments for merchants

Our payment gateway has introduced ‘Bulk Payments’ facility for merchants. This service enables large and small businesses alike to instantly send money to accounts of various banks at one go. With this, we are aiming to simplify and digitise payments for both B2B and B2C players who make bulk payments on a regular basis to their vendors, employees, customers, and partners.

This secure API (Application Programming Interface) solution has been developed keeping in view the different businesses and their specific requirements. It is already enabled with modules such as beneficiary management, name validation service, bulk disbursement among others.

We aim to provide an easy to use dashboard, which is an API solution and can easily be integrated with a merchant’s existing systems. Businesses can choose to transfer into various destinations including bank account, UPI and wallet. Further, they can send any amount into as many bank accounts as they wish to.

‘Bulk Payments’ is a revolutionary product that enables businesses to automate and centralise these payments, thereby moving from an operationally complex and fragmented method to an efficient and digital way of managing their business finances.