Paytm Partners with RBL Bank to Strengthen Digital Payment

Current Context: On 3rd March 2025, Paytm has partnered with RBL Bank to enhance digital payment solutions for merchants.

• This collaboration introduces Paytm's Soundbox and card machines to RBL Bank's merchant network, enabling real-time transaction monitoring and instant settlements through the Paytm for Business Dashboard.
• The payment solutions support multiple methods, including UPI, RuPay credit card on UPI, UPI Lite, debit/credit cards, and EMI options.
• The initiative aims to simplify payments, boost efficiency, and promote digital transformation for businesses.
• It also includes innovative features like NFC-enabled Tap and Pay and multilingual audio alerts in 11 languages.

Question:

Q.1 What is the primary objective of Paytm’s partnership with RBL Bank?
a) To provide personal loans to customers
b) To introduce a cryptocurrency trading platform
c) To launch a new mobile banking application
d) To enhance digital payment solutions for merchants

Answer: d) Paytm and RBL Bank have collaborated to offer digital payment solutions like Soundbox and card machines to merchants, making transactions seamless and efficient.