Firms process Rs 1,500 cr in salaries via Paytm

New Delhi, Jun 29 (IANS) | Publish Date: 6/29/2020 1:10:28 PM IST

Paytm on Monday said its digital money transfer service Paytm Payouts has helped process Rs 1,500 crore in salaries and other benefits for medium and large enterprises in the country within the three months of lockdown.

During the 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, the company said in a statement.

Paytm Payouts offers APIs or Paytm for Business Dashboard to make bulk payments to bank accounts, UPI addresses and Paytm Wallets instantly.

Companies like Pidilite Industries, Schneider Electric and Havmor Icecreams Pvt Ltd use Oaytm Payouts to transfer money to their employees, vendors and business partners.


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