New Delhi, March 23, 2021: India’s leading digital financial services platform Paytm has today announced that it’s ‘All-in-One Payment Gateway’ is the largest processor of business payments and now registers over 750million monthly transactions, driven by the increasing adoption of online payments for sectors such as BFSI, retail & D2C e-commerce, utilities, edTech, food delivery, digital entertainment, gaming and online shift of businesses during and post covid times. The Paytm Payment Gateway’s transaction volume has long surpassed pre-covid levels. What has further accelerated this adoption is the most number of payment sources Paytm PG offers than any other player in the market.
This includes Paytm & Paytm Payments Bank Issued Instruments such as Paytm Wallet, Paytm PostPaid, Paytm Gift Vouchers, and Loyalty Points in addition to the standard payment methods such as UPI, net banking, all debit and credit cards.
Paytm Payment Gateway’s growth is also fuelled by offering UPI and Rupay transactions completely free for online businesses, SMBs and large enterprises. It is the only platform that does not levy any charges on UPI & Rupay transactions nor circumvent any guidelines by levying such charges.
The ever increasing adoption of payment instruments issued by Paytm Payments Bank, including Paytm Wallet and Paytm UPI have contributed about 60% to the total transactions registered on the gateway. Also, Paytm PostPaid & EMI services which were launched last year has continued to gain popularity with users and are registering 25% month-on-month growth.
Powered by AI-based tech stacks, Paytm All-in-One Paytm Gateway offers industry-leading success rates, uptime, and transaction processing capacity. The Paytm Payment Gateway also comes with a powerful merchant dashboard, which allows merchants to run their business effectively. It also allows businesses to create payment links, disburse funds through payouts, view transactions and settlement reports, generate invoices, issue refunds, and do a lot more. Using these most advanced PG APIs, technology-savvy start-ups and developers are readily integrating the comprehensive services and digitizing their business processes.
As per the latest RedSeer report on digital payments in India, Paytm All-in-One Paytm Gateway is the fastest growing payment gateway with over 42% market share.