Tag: Saloni Malhotra

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Paytm Payment Gateway empowers a million businesses to offer EMIs, cashback from top banks & brands

Feb 16, 2021 by Rekha Nair 0 Comments #Saloni Malhotra, #Vice President Paytm said

Mumbai: India’s leading digital financial services platform Paytm has today announced that Paytm Payment Gateway is empowering a million businesses including MSMEs, startups, small e-commerce firms, retailers across the country with EMI offers, cashback from top banks & partnered brands.

The company has already partnered with the top 15 banks including to enable merchants to provide the best cashback offers, no-cost EMI-deals, easy and affordable instalments to their customers. Paytm said that the move would help businesses attract more customers with their affordable payment options. It would also help customers manage their monthly finance better and not feel the financial strain of buying a large ticket item. The service would especially help businesses bring back customers to their establishments, present them with affordable offerings, and increase footfalls.

Saloni Malhotra, Vice President Paytm said, “It is our endeavor to innovate products & services that are aligned with our mission of empowering them with technology-led solutions. With or EMI service on Paytm Payment Gateway, we are enabling them to offer the same discounts and bank deals that large e-commerce firms, retail businesses offer. Other than that they are easily able to digitise their business operations, without any investment in technology or backend infrastructure. Our services are providing the much-needed digitization support to businesses to improve their efficiency & supporting them to join the Digital India mission.”

Paytm All-in-One Payment Gateway can be easily integrated into any website or mobile application that sells a product or service as well as a point of sale in a retail store. By integrating the services, a merchant can start accepting online payments and expanding the digital reach of their business. It ensures quick integration of the payment solutions, eliminates redirection, and enhances brand visibility with a custom user interface and logo. The service is based on anti-fraud technology to ensure secure payments. It also offers several innovative services, such as Payouts & Recurring payments, OTP less card payments, instant refunds, and pre-authorization flow that addresses the needs of both B2B and B2C companies.

Business World

Paytm Payouts’ Enterprise Bill Payment System aims at Rs. 3,000 crores in transactions by the end of FY’21

Feb 8, 2021 by Neel Achary 0 Comments #Enterprise Bill Payment System, #Saloni Malhotra, #Vice President - Paytm

Mumbai: India’s homegrown digital financial services platform Paytm today announced that its Enterprise Bill Payment System (EBPS), part of Paytm Payouts is set to cross Rs. 3,000 crores in transactions by the end of FY’21. EBPS enables businesses to manage and pay all their utility bills generated across a large number of business locations on a single unified platform. With Paytm Payouts, businesses can make bulk payments to bank accounts, UPI addresses, Paytm Wallets, Gift Vouchers and other employee benefits like Food Allowance instantly. It provides 24*7 payment options to transfer any amount and hence benefits companies and their finance department to manage their cash flows better and all kinds of payables including rent payments, vendor invoices, customer cashbacks and refunds, channel partner incentives, utility bill payments or employee reimbursements.

EBPS is the only integrated utility bill management service for businesses in India, enabling companies to monitor all the bills of their shops, offices, and warehouses. It comes with a hassle-free reconciliation system and automatically fetches new bills as they are generated. It also provides custom reports based on business locations, which can be easily integrated with the enterprise resource planning and financial reporting systems of businesses. It also provides various other options including the capability to set up custom approval workflows to make approvals and follow-ups from various business departments easier and configure bill payment reminders or automatic payment instructions. Paytm Payouts is partnering with major companies in sectors including retail, banking, logistics, among others to expand the service.

Manual processing of bills leads to companies often ending up missing payments. Businesses also must keep a retinue of staff engaged in the payment and reconciliation of bills. EBPS enables businesses to cut down on their administrative costs, increase operational efficiency and save on the bill amounts by avoiding penalties and unlocking early payment discounts. EBPS empowers companies to save on their bill by unlocking remunerations from electricity providers in the form of reward schemes for early and timely payment. The service automatically calculates the amount users must pay as well as the amount of money they save. It enables swift payments by allowing users to easily filter bills depending on the business location, due dates, bill providers, etc. Companies can avail of the service by submitting their details on the Paytm for Business Enterprise Bill Payments website.

Saloni Malhotra, Vice President – Paytm said, “We aim to empower companies large and small with 360-degree solutions that help them run their businesses more efficiently. Instead of spending their time and effort on the exercise of managing bill payments, EBPS offers companies the chance to cut costs and focus on their business growth. We expect this service to process Rs. 3,000 crore worth of utility bills paid by companies in the current financial year.”

Paytm Payouts is driven by a powerful API that can be integrated with any platform, thereby eliminating the need for companies to invest time & resources to build their platform. Businesses can also deposit money directly from any bank account to process any payment. The feature-rich and simple to use service are enabling several companies to pay salaries, food allowances, incentives, rewards to housekeeping & other contractual staff.