Paytm & StockHolding Collaborate to Ease Large Transactions

Paytm PG, one of the country's largest payment gateway collaborates with StockHolding Corporation of India Limited (StockHolding) to offer payment gateway services. Through this collaboration, Paytm PG will provide flawless transactions on StockHolding's website and app for more than five crore customers. Additionally, the StockHolding users would be enabled to access depository services on their Paytm app.

Abhay Sharma, Senior VP, Paytm says, "We are happy to partner with StockHolding, which is one of India’s premier financial services provider to both corporates and individuals. With our technology-driven innovative payment gateway, we will enable ease of operations for StockHolding Clients, thereby moving towards a more efficient and digital way of managing their financial transactions".

StockHolding is one of India's largest Depository participants and offers Custodial Services. It has a network of more than 200 branches. Furthermore, StockHolding is a pioneer of Demat services in the country, and it handles more than Rs. 38 lakh crores in AUC (Assets Under Custody). Post the partnership, all the transactions carried out on the StockHolding platform would be processed through Paytm PG.

StockHolding Spokesperson states, "We are happy to partner with Paytm which is one of the leading fintech in India with a technology-driven innovative platform. We are the first Depository Participant offering DP Bill Payment facility through the Paytm application. This will definitely improve the ease of operations for clients".

Paytm possesses over 50 percent market share and carries out more than 400 million monthly transactions. This includes transactions through UPI, cards, net banking, and wallets. Having more than a million merchant partners Paytm offers several unique services, that include Payouts and Recurring wages, card payments without OTP, instant refunds, and pre-authorization flow that addresses the needs of both B2B and B2C companies.