Paytm partners with StockHolding Corp. to provide payment gateway services

Paytm has come into partnership with StockHolding Corporation of India to provide payment gateway services on its platform to website and to its five crore customers.

Paytm has come into partnership with StockHolding Corporation of India to provide payment gateway services on its platform to website and to its five crore customers.

The Noida based payments company said it will allow StockHolding customers to access its depository services.

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With a network of more than 200 branches, StockHolding is one of India’s largest depository participant and provider of custodial services. It manages over Rs 38 lakh crore in AUC (Assets Under Custody).

“With our technology-driven innovative payment gateway, we will enable ease of operations for StockHolding Clients, thereby moving towards a more efficient and digital way of managing their financial transactions,” said Abhay Sharma, senior vice president at Paytm.

Paytm said its Payment Gateway business processes over 400 million monthly transactions, claiming more than 50% of market share in the digital payments space.

Paytm has recently launched its own stock brokering service. Read here.