Chennai: Paytm Payments Bank has announced that it is an official acquiring partner for e-RUPI vouchers, further making it accessible at offline stores across the country.
e-RUPI, a government of India initiative, is a cashless prepaid voucher that beneficiaries can present via SMS or QR Code. ‘Paytm’s merchant partners can then scan, enter the amount to be paid and receive the payment directly in their bank account. This will benefit beneficiaries (users), even those who do not have access to formal banking services or smartphones to avail the convenience of digital payments,’ said a release.