Paytm Axis Bank Partnership: Big update regarding Paytm QR, Soundbox and Card Machine, know whether it will be closed or on? – Bollywood Keeda

Paytm Axis Bank Partnership: Paytm said on February 16 that it has partnered with Axis Bank to settle payments for merchants. The company issued a press release saying that One97 Communications has transferred its nodal account to Axis Bank and has opened an escrow account in that bank.

Paytm QR, Soundbox and card machines will also remain operational after March 15

One97 Communications said that after the nodal account is transferred to Axis Bank, merchant settlements will continue to happen without any interruption as before. The company has confirmed that Paytm app, Paytm QR, Soundbox and card machines will continue to work normally for all merchant partners even after March 15.

According to Paytm, merchants carrying out fund transactions linked to any bank account other than Paytm Payments Bank do not need to worry about disruption.

Merchants with non-Paytm Payments Bank accounts will also continue to operate

Paytm has said that merchants using Paytm QR Code, Paytm Soundbox or Paytm POS terminal linked to non-Paytm payment bank accounts can also continue their operations without any disruption after March 15.

The company said that Paytm Payment Services has been using the services of Axis Bank since its inception. Now this partnership is expected to contribute to a streamlined transition for merchants using the Paytm ecosystem.

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