Barclays empowers Paytm to win Asset Triple A Award for best payments and collections solution

Paytm Payment Gateway has won the ‘Best Payments & Collections Solution in the Fintech Industry’ award for its OPGSP (Online Payment Gateways Service Providers) Import solution. In Its Triple A Treasury, Trade, Supply Chain and Risk Management Awards, the jury awarded Paytm Payment Gateway as one of the most unique structured cash management and FX solutions under the ‘New Economy’ category.

The recognition reflects Paytm’s success in maintaining its leadership in the field of digital payments. Barclays helped Paytm Payment Gateway enhance its capabilities to offer import payment solutions to foreign marketplaces, making the payment giant one of the leading cross-border payment service providers.

It is a symbol of the future of financial services partnering with the players in other ecosystems for new solutions. Barclays offered the company an OPGSP solution that enabled cross-border payments in the Indian currency for marketplaces across the globe.

Barclays, a leading corporate and investment bank in the Asia Pacific region, submitted Paytm OPGSP solution to the Asset Triple A jury. The utility of this solution to achieve the collaborative vision of the bank and the payment company has led to the nomination and then winning the award.

“We are extremely happy to receive this award. The cumulative efforts of our teams reflect our commitment to provide our partners with the best payment solutions they need to succeed. We will continue to push the envelope further and deliver unique solutions to all our clients and partners,” said Praveen Sharma, Senior Vice President, Paytm.

Taranjit Jaswal, Head of Corporate Banking, Barclays Bank India, said, “We are delighted to have supported Paytm in building its cross-border payments aspirations. We keep client’s needs at the centre of our innovation, and this recognition is a result of our collaborative and cross functional team efforts. We will continue to support Paytm to scale this solution enabling them to deliver seamless experience to their partners and clients.”