Paytm cuts out intermediaries, moves to direct payment processing like Razorpay, PhonePe

Paytm has announced its decision to discontinue the use of third-party payment orchestration platforms, including Juspay, as it transitions to direct transaction processing, as per Moneycontrol. This move aligns with a growing trend in the fintech sector, where companies like Razorpay, PhonePe, and Cashfree Payments have also moved away from intermediary platforms to streamline operations and enhance control over transactions.