Paytm has announced the launch of a recurring billing service for digital subscription cloud based companies such as content apps and websites, newsletters, utilities and media companies. This would allow developers and entrepreneurs to use the company’s comprehensive APIs, SDKs and Plugins to accept recurring payments from customers within hours.
Developers can log on to paywithpaytm.com/developers and download the relevant API to enable the service. After a one-time authorization by the customer, the subscription amount would be auto-debited from the customer’s Paytm wallet at a given interval.
Speaking at the launch, Kiran Vasireddy, Sr. Vice President – Paytm said, “Our easy-to-integrate subscription billing service would make payments easier and seamless than ever before while allowing new-age entrepreneurs to offer innovative services at a aggressive pricing. Developers can now have instant access to Paytm’s sandbox and can go live with this frictionless payment flow in no time.”
Paytm now offers a range of payment solutions for online businesses that ranges from deep integration with apps and websites through scalable APIs and SDKs to even allowing businesses to accept payments by generating and sharing whatsapp or SMS links.