Paytm Payment Gateway announces partnership with Shopify
- ByStartupStory | August 27, 2022
One97 Communications Limited, Paytm’s parent firm, has announced a partnership with Shopify through its wholly-owned subsidiary Paytm Payment Services Limited. The collaboration seeks to enable platform merchants to seamlessly collect payments through the Paytm Payment Gateway.
Nakul Jain, CEO of Paytm Payment Services Ltd., said, “With the rising popularity of e-commerce in India, millions of retailers are embracing digital payments to expand their operations. Our cooperation with Shopify will deliver the benefits of easy activation and ultrafast payments to thousands of retailers on their platform. As the country’s pioneers of digital payments, we are committed to providing our merchant partners with new omnichannel payment solutions.”
Paytm Payment Gateway integration is on the Shopify Payments platform, which will be deployed in June 2021, unlocking new sales growth prospects for retailers. The latest checkout technology from Shopify, as well as the widespread acceptance of the Paytm Payment Gateway, will enable merchants in India to build their businesses more quickly.
Bharati Balakrishnan, country head and director of Shopify India, stated, “Digital payments are one of the primary forces driving the expansion of India’s e-commerce business. With Indians purchasing across a plethora of platforms, channels, applications, and devices, both offline and online, it is critical for retailers to engage their customers and facilitate the shopping and checkout experience by offering popular payment alternatives.”
According to the firm, merchant partners will be able to accept payments via a variety of payment methods such as Paytm Wallet, Paytm UPI, Paytm Postpaid (Buy Now, Pay Later), net banking, debit or credit cards, and others. They will also receive priority customer service. Paytm Payment Gateway is one of India’s most popular payment options for businesses of all sizes.
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