Now, Paytm allows users to accept Rs. 50,000 in bank accounts

Paytm on Wednesday announced a new category of self-declared merchants who can accept payments up to Rs 50,000 directly in their bank accounts.

To avail this new feature, users need to tap on the option of 'Accept Payment', selecting 'Bank Account' and then they need to enter bank details and confirm.

After the confirmation, users' bank account would be linked to their Paytm accounts and they can start accepting payments in their respective bank accounts.

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"We are on a mission to bring the benefits of digital payments to every merchant in the country. With this new enhancement, the aim is to offer our merchants greater flexibility in handling their money while presenting them with a quick and affordable merchant payment system. We are confident this will enable millions of small and medium merchants to register with us and instantly start accepting digital payments," said Sr. VP Paytm, Nitin Misra.

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