Paytm
Paytm has started sameday settlement facility for all kinds of fund transfers on its payment gateway today.
Paytm sameday settlement feature will help many small businesses that depend on immediate availability of funds for his or her business. This includes government institutions, e-commerce companies and all businesses.
As a norm digital payments made to a merchant is typically not settled on the an equivalent day.Industry standard is that settlement happens after one or two day, However, payment startups have been innovating on same day settlements to encourage all merchants who need cash in their bank account immediately to start accepting digital payments.
From Rs 50 to upto Rs 2 lakhs everything can be settled daily to even three times every day depending on the requirement of the merchant.
The feature will benefit many small merchants stocking up for the festive season.
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