Paytm started recurring billing service on digital-subscription model of revenue


BENGALURU: Digital wallet Paytm has begun recurring billing service for companies which work on a digital-subscription model of revenue. The feature provides services, utilities, and media, among others.

The element will permit developers and entrepreneurs utilise Paytm as a channel for recurring payments. After one-time authorisation, membership sum will be autodebited from their Paytm wallet occasionally.

“Our easy-to-integrate subscription billing service would make payments easier and seamless than ever before while allowing newage entrepreneurs to offer innovative services at an aggressive pricing. Designers can now have moment access to Paytm’s sandbox and can run live with this frictionless installment stream in the blink of an eye,” said Kiran Vasireddy, senior VP at Paytm. Organizations, for example, Gaana, Hotter and Saavn are live with the alternative to pay through Paytm wallets.

The stage has additionally made modules for all major internet business stages like Magento, Drupal Commerce, WordPress, and that’s only the tip of the iceberg. The advanced wallet player as of now has more than 200 million wallet clients and arrangements to on-board 1 crore disconnected vendors on the installment stage by December 2017.