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Paytm Payouts processed Rs 1,500 cr in salaries, other benefits for firms

Paytm Payouts is a digital money transfer service for businesses to help them make payments to their employees, vendors and business partners

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Launched this year, Paytm Payouts offers APIs (needed to make apps) or Paytm for Business Dashboard to make bulk payments to bank accounts

Press Trust of India New Delhi

2 min read Last Updated : Jun 29 2020 | 1:44 AM IST

Fintech major Paytm on Sunday said Paytm Payouts has processed over Rs 1,500 crore in salaries and other benefits for medium and large enterprises.

Paytm Payouts is a digital money transfer service for businesses to help them make payments to their employees, vendors and business partners.

"During this ongoing lockdown, over 5,000 companies have used Paytm Payouts to pay salaries and food allowances to employees, incentives and rewards to housekeeping, labourers and other contractual staff, and even for expenses like utility bills of their offices," Paytm said in a statement.

Launched this year, Paytm Payouts offers APIs (needed to make apps) or Paytm

Topics : Paytm Paytm Payments Bank Salaries Businesses

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