Paytm Payment Gateway has entered into a partnership with StockHolding Corporation of India Limited (StockHolding) to provide payment gateway services. With this, Paytm PG will facilitate transactions on StockHolding’s website and app. In addition to this, StockHolding users will also be able to access depository services on their Paytm app.
With a network of over 200 branches, StockHolding is one of India’s largest Depository Participant and provider of Custodial Services. Said to be pioneer of Demat services in the country, it manages over Rs 38 lakh crores in AUC (Assets Under Custody). Post the partnership, all transactions done on the platform will be channeled through Paytm PG.
Abhay Sharma, senior vice president, Paytm, said, “We are happy to partner with StockHolding, which is one of India’s premier financial services provider to both corporates & individuals. 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.”
Paytm Payment Gateway processes transactions done through cards, UPI, wallets and net banking. It offers services like Payouts & Recurring payments, OTP less card payments, instant refunds and pre-authorisation flow for addressing the needs of both B2B and B2C companies.
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