News > Paytm introduces Payout Links for businesses, enables money transfer sans collecting bank details

Paytm introduces Payout Links for businesses, enables money transfer sans collecting bank details

Dais Newsfeed | 10/11/2020 07:50 PM | Click to read full article

Paytm on Tuesday launched ‘Payout Links’ for businesses, enabling them to instantly process payouts to customers, employees and vendors without collecting their bank details. Payout Links offer seamless payment integration for businesses to quickly send incentives and refunds to customers through a simple payout link.

Removing the need to store thousands of bank details, the facility benefits partnered SMEs in diverse sectors such as gaming, e-commerce, retail, export and manufacturing, to transfer salaries, vendor payments, commissions and gratification instantly.