Paytm enables 24*7 RTGS money transfer for businesses

Digital financial services platform Paytm on Tuesday announced that its Payout service which enables businesses to make bulk and instant money transfers to their employees, vendors & partners has launched a 24*7 RTGS facility to support companies make high-value transactions seamlessly.

The company said that the launch comes after the Reserve Bank of India (RBI) made an announcement to make RTGS 24*7. Paytm Payouts’ APIs and Paytm for Business Dashboard to make bulk payments to Bank Accounts, UPI addresses, and Paytm Wallets instantly.

The company says that the service is especially beneficial for SMEs & large enterprises who use it to adopt an automated payment mechanism that saves their time and resources.