Digital payment firm Paytm on Thursday said it would settle payment with merchants either immediately or at a time desired by them. "Earlier, we offered next-day settlement to our partner merchants. They can now enjoy instant and on-demand settlement into their bank accounts via Paytm," Paytm Chief Operating Officer Kiran Vasireddy said in a statement.
The company has introduced an 'instant bank settlement' option in 'Paytm for Business' app in which the merchants can choose their preferred time to settle the payment collected or can also do an instant settlement as and when they want, directly into their bank accounts. The merchants can also track all their payments and settlements on a real-time basis, Paytm said.
Source: Economic Times