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.