In an effort to streamline the billing process of companies that run on cloud-based digital subscription revenue model, digital wallet company Paytm has introduced an auto-deduct feature by which monthly or annual subscription fees will be directly debited from users' Paytm wallet.
To enable the service, developers can log on to paywithpaytm.com/developers and download the relevant API to enable the service. After a one-time authorisation by the customer, the subscription amount would be auto-debited from the customer’s Paytm wallet at a given interval.
“Our easy-to-integrate subscription billing service would make payments easier and seamless than ever before while allowing new-age