The leading digital payment company Paytm today said it has initiated same day settlement facility for all paymnt modes. This will help businesses who rely on same day availability of funds for their enterprise including e-commerce entities, government institutions as well as those involving inventories.
In a usual case, payment made using the digital mode is not settled on the same day but takes a day or two. Now, to overcome this hurdle, payments companies' are innovating on same day settlements for enabling small merchants who need payments on a daily basis to gear on to accept digital modes of payments.
So, depending on the needs of the merchant, everything can be settled from Rs. 50 to Rs. 2 lakh on a daily basis.