One97 Communications Limited, the company that owns the Paytm brand, is the leading provider of digital payments and financial services in India and is credited with inventing QR codes and mobile payments.
The company recently announced a partnership with Shopify through its wholly-owned subsidiary Paytm Payment Services Limited to enable merchants using the platform to easily accept payments through the Paytm Payment Gateway. Instant activation enables businesses to provide clients with a better payment experience.
The integration of Paytm Payment Gateway on the Shopify Payments platform, launched in June 2021, will provide merchants with additional sales growth opportunities. The latest checkout technology from Shopify, as well as the broad acceptance of the Paytm Payment Gateway, will help merchants in India in growing their businesses faster.
Merchant partners will be able to accept payments using a variety of payment methods, including Paytm Wallet, Paytm UPI, Paytm Post-paid (Buy Now, Pay Later), net banking, debit or credit cards, and others. They will also receive priority customer service.
“With the fast acceptance of e-commerce in India, millions of businesses are adopting digital payments to develop their company,” stated Nakul Jain, CEO of Paytm Payment Services Limited. We are excited to collaborate with Shopify to deliver Paytm Payment Gateway to thousands of retailers on their platform, with the benefits of simple activation and quick payments. As the country’s digital payment pioneers, we are focused on providing our merchant partners with innovative omnichannel payment solutions.”
“As a prominent commerce platform in India, we are delighted to engage with innovators like Paytm Payment Gateway to benefit Indian consumers and companies,” said Bharati Balakrishnan, Country Head & Director, Shopify India. “With Indians purchasing across a multitude of platforms, channels, applications, and gadgets, both offline and online, businesses must connect their customers and ease the shopping and checkout experience by providing popular payment alternatives.”
Paytm Payment Gateway is one of India’s most popular payment solutions for companies of all sizes. The platform’s 99.99% uptime and industry-leading success rates have contributed to its popularity among startups and top corporates in the country. Another benefit that entices retailers to include Paytm Payment Gateway into their websites and applications is its default next-day settlements.
To avail the benefits, retailers must log into their Shopify account and install the Paytm Payment Gateway from the Alternate Payments Methods section of the payment settings page.
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