India-Based Paytm Teams up with Shopify

India-based payments company Paytm has partnered with Shopify to enable platform merchants to collect payments through the Paytm Payment Gateway.

Paytm Payment Gateway integration is on the Shopify Payments platform, which will be deployed in June 2023, unlocking new sales growth prospects for retailers. The latest checkout technology from Shopify, as well as the widespread acceptance of the Paytm Payment Gateway, will enable merchants in India to build their businesses more quickly.

Paytm's officials stated that the cooperation with Shopify will deliver the benefits of easy activation and ultrafast payments to thousands of retailers on their platform. As an Indian player in digital payments, they are committed to providing their merchant partners with new omnichannel payment solutions.

Representatives from Shopify explained that digital payments are one of the primary forces driving the expansion of India's ecommerce business. With Indians purchasing across a plethora of platforms, channels, applications, and devices, both offline and online, it is critical for retailers to engage their customers and facilitate the shopping and checkout experience by offering popular payment alternatives.

According to the firm, merchant partners will be able to accept payments via a variety of payment methods such as Paytm Wallet, Paytm UPI, Paytm Postpaid (Buy Now, Pay Later), net banking, debit or credit cards, and others. They will also receive priority customer service. Paytm Payment Gateway is one of India's most popular payment options for businesses of all sizes.

(Source: The Paypers)