Paytm (One 97 Communications Ltd.) has announced a strategic partnership with RBL Bank to expand digital payment adoption among the bank’s merchant partners. Through this collaboration, Paytm will provide its pioneering Soundbox and card machines, offering businesses seamless, secure, and real-time transaction solutions.
Key Highlights of the Partnership
- Merchants will receive access to Paytm’s Soundbox and card machines, enhancing their digital payment capabilities.
- Supports multiple payment modes, including UPI, RuPay credit card on UPI, UPI Lite, debit/credit cards, and EMI options from leading banks.
- Integration with Paytm for Business dashboard, enabling real-time transaction tracking and instant settlements.
- Paytm NFC Card Soundbox will allow ‘Tap and Pay’ transactions, catering to both domestic and international tourists using global debit/credit cards.
- Merchants benefit from low and zero-cost EMI options, supporting small businesses with flexible payment solutions.
Statements from Paytm & RBL Bank
Ripunjai Gaur, CBO – Offline Payments, Paytm, emphasized that this collaboration will simplify payments for merchants, ensuring businesses of all sizes can accept digital transactions with ease.
Narendra Agrawal, Head-Branch Banking & Retail Liabilities, RBL Bank, highlighted the importance of offering innovative solutions like NFC-enabled Soundbox and feature-rich Paytm card machines to support businesses in their digital transformation journey.
Paytm’s Global Expansion & Innovations
- International UPI payments now supported in UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal.
- Advanced payment solutions like auto-pay, peer-to-peer transfers, and UPI Lite for small-value transactions.
This partnership strengthens Paytm’s leadership in digital payments while reinforcing RBL Bank’s commitment to secure and efficient payment solutions for merchants.
