Dubbed MargPay, the new solution will allow MSMEs to track their receipts and payments made via multiple payment methods.
Under this joint venture (JV), Paytm and Marg ERP will reconcile payments in a new manner.
Additionally, MargPay’s nodal bank account will be managed by Paytm Payments Bank.
Paytm Payment Gateway has more than 50% market share in processing payments via wallet, UPI, cards and netbanking, in the country. It offers payouts and recurring payments, OTP-less card payments, instant refunds, and more.
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