Digital payments giant Paytm has collaborated with Visa and allowing its customers to pay credit card bills across banks via app. India’s largest digital payments brand Paytm announced about this partnership on Friday.
“We are glad to announce our partnership with Visa to make Visa credit card payments across Banks on the Paytm app. VISA Credit Card users can now pay their monthly bills at any time, anywhere using their preferred payment method including UPI, net banking and debit cards,” said the brand in its official blog spot.
This strategic alliance will be beneficial for millions of card users in India, said Kiran Vasireddy, COO, Paytm. “We are delighted to partner with Visa in enabling seamless credit card bill payments on Paytm. This will benefit millions of credit card users across the country,” added Reddy.
With the help of this service, Visa credit card can now make their monthly payments very conveniently that too via preferred payment method namely Unified Payments Interface (UPI), net banking and debit cards. It aims to process over 2 million credit card bill payments this financial year.
Paytm has also integrated BHIM UPI as a source of pulling funds for the customer to pay for credit card bill payments thereby adding an important use-case for Paytm BHIM UPI. With this move, the company aims to process over 2 million credit card bill payments this financial year. Payments for more than 38 bank cards can be done using this facility.
“With Visa credit card bill payments now enabled on Paytm, it effectively marks the complete digital transformation of the credit card ecosystem. From issuance to purchases and now bill payment, the Visa credit card is now truly a preferred digital payment tool for India’s mobile-first generation,” said Murali Nair, Head of Business Development, Visa India.
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