Paytm Launches Recurring Payments Feature “My Payments”
Adding another feature to its Kitty, Digital Payment Major Paytm has come up with an automatic recurring payments feature that will allow recurring, high-value payment and other monthly expenses to happen in an instant.
Titled as "My Payments", the feature enables bank transfers from/to bank account making it easier to make payments at no charge. Even non-KYC Paytm users can avail the facility.
Deepak Abbot, Senior Vice President, Paytm said,
Our customers make regular recurring payments such as house rent, maid/driver’s salary, milk or newspaper vendor payments online. This has led to a major surge in our bank transfer service. We have now simplified these payments with ‘My Payments’ and are expecting 6X growth owing to this rapid shift in consumer behaviour in favour of ...