Paytm Launches Payout Links for businesses

Indian Fintech major Paytm has launched Payout Links for businesses, enabling them to instantly process payouts to customers, employees and vendors without collecting their bank details.
Paytm Payout Links initiative has been launched under Paytm Payout, using which businesses can quickly send incentives and refunds to customers through a simple payout link.

Working of Paytm Payout

The Payout Link can be created and shared with employees, vendors, and customers in one go.
The sender can create Paytm Payout Links and share it with the receiver.
The receiver needs to open the link. A list of saved accounts is provided such as Paytm Wallet, Paytm UPI and connected bank accounts that can be chosen to receive money instantly.
It enables the receiver to exercise greater control in choosing exactly which account to receive the funds in and to maintain the privacy of bank details.