UPI transfer now live for Payouts

UPI-transfers-now-live

Paytm now supports bulk payouts to UPI handles through the revolutionary 3P bank transfer platform. Now enable UPI transfers through APIs and bulk disbursals.

What is Paytm Bulk Payouts?

Paytm Bulk Payouts is a mechanism to instantly send money to bank accounts, wallets & Bhim UPI handles securely. It supports Payouts through APIs and bulk disbursals. Below are some of the salient features of the product:

  • Multiple payout options: Send money to bank accounts, Paytm Wallet, Paytm Food Wallet (tax free meal allowance). BHIM UPI ID
  • Easy to use and Quick Integration: Disburse funds in bulk instantly using our powerful dashboard or automate it using easy to integrate APIs
  • Powerful Dashboard: Ability to organize your fund into multiple sub accounts, disburse in bulk and view all payouts, and much more from one single merchant panels
  • Supports every business model: Disburse meal allowance/salaries to your employees or payout to event organizers for events booked through online portal etc. We support all business models and use cases.
  • Secure and Compliant: Secure your account and prevent fraud by setting user access rights (maker-checker). Tax free meal allowance is as per income tax rules and is approved by RBI.
  • Paytm’s Trust: Paytm is trusted by 100s of millions of Indian customers and merchants. We not only provide best in class products but also ensure to support you in making your business successful

How it works?

  • STEP 1: Add funds to your funding account using NEFT.
  • STEP 2: Create disbursal account. Disbursal accounts are an easy way to organize funds for disbursal.
  • STEP 3: Start disbursing the funds now!

Below are some of the real-world use cases and how nodal accounts are advantageous for them:

E-commerce & Marketplaces:

  • Instant refunds through various bank settlements
  • Easily reconcile and automate payouts
  • Offer cashback and offers to customers through direct settlements
  • Automate Payouts to all vendors

Gaming

  • Disburse winnings & rewards instantly in bulk
  • Track campaigns and automate commissions settlements for the same
  • Automate the entire payouts through APIs

Incentive Payouts:

  • Instantly send funds to promoters, influencers, sales team etc. on real time basis
  • End user can choose their mode of payments, Bank account, wallet & UPI supported
  • Automate salary disbursal for employees

Vendor Settlements:

  • Instantly send funds to all vendors, wholesalers, etc
  • No need to constantly add beneficiaries instant payouts.

Through Paytm Bulk Payouts offering with powerful APIs, easier on-boarding and dedicated Key account manager, the entire process becomes easy. We provide a powerful, easy & robust system to help you focus on your business.

To know more please reach out to corporate.Solutions@paytmbank.com

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