Feb 16 (Reuters) - Paytm:
* PARTNERS WITH AXIS BANK FOR ESCROW ACCOUNT TO CONTINUE SEAMLESS MERCHANT SETTLEMENTS
* BOTH OCL AND PPSL ARE ALSO IN DISCUSSIONS WITH OTHER BANKS TO EVALUATE A SECOND PARTNER FOR NODAL / ESCROW SERVICES
* ARRANGEMENT ENABLES PAYTM TO SEAMLESSLY TRANSITION ITS MERCHANTS’ SETTLEMENTS TO AXIS BANK
* ENSURES CONTINUITY OF SETTLEMENTS FOR MERCHANTS AND MINIMAL DISRUPTION FOR CUSTOMERS, VIA A NEW ACCOUNT WITH AXIS BANK. Source text for Eikon: Further company coverage: