Paytm wallet to accept international remittances

In a big boost for fintech Paytm has become the country’s first platform to accept international remittances directly into a digital wallet. 

"We are now offering direct transfer of international remittances into the Paytm wallet, a first in India," Satish Kumar Gupta, managing director of Paytm Payments Bank said.

Paytm Payments Bank has tied up with Ria Money Transfer, a cross-border money transfer firm to facilitate users to receive money from their relatives abroad. Ria Money has 490,000 retail outlets worldwide. Ria's customers can transfer cash through app or website as well.