They can also pay their monthly recurring payments for mutual funds and loan repaymentsHomegrown payments giant Paytm, on Monday (February 10), launched Paytm PG in partnership with Paytm Payments Bank in a bid to introduce recurring payments option on the platform.

Information such as merchant name, subscription start date, frequency of debit, and the amount to be paid will be saved by Paytm for operating recurring payments.

This year, we are expecting 10x growth in this segment and processing recurring payments worth hundreds of crores,” Jain added.

Moreover, Paytm is already offering recurring payments via debit and credit cards and net banking using NPCI’s E-Mandate solution.

The payments company is also planning to launch UPI as a mode of recurring payments in the coming months. | To read full story, visit https://startuparound.com/read/1581334206.583968/Paytm-Launches-Recurring-Payments-To-Promote-Subscription-Platforms?ref=audio_experience