PayTM Launched All-in-One QR Code
News Desk, News Nation 360 : India's largest payments platform Paytm (owned by One97 Communications Limited) has announced that it will be onboarding 2 million merchants in the next 12 months from the eastern region including West Bengal, Assam, Jharkhand and Orissa. The recent launch of All-in-One QR for merchants across the country has already enabled over 2 million merchants in this Eastern India to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI based payment apps directly into their bank account at 0% fee. The merchant only app Paytm for Business is extensively used by over 10 million Paytm partners. It has enabled them to manage their payments, view all their transactions in one place, order Paytm QR merchandise among various other services. Merchants can also avail multiple business services & financial solutions such as loans, insurance. Its innovative offering has empowered Paytm merchant partners to transfer payments instantly into their bank accounts at any time. To encourage wider acceptance of digital payments Paytm offers rewards and cash back to its long associated merchant partners. The platform offers a single reconciliation of all payments through its Paytm for Business app. The company further plans to invest in merchant solutions for a deeper engagement beyond payments. Saurabh Sharma, Senior Vice President- Paytm said that Paytm for Business app is their offering to
empower every merchant in the country by bringing them to the fold of the digital economy. Any merchant, who runs any business of any scale, can get access to Paytm for Business app. The on-boarding process is simple & free with no KYC or documentation required. With the addition of All-in-One QR to this app, they will support the merchants at every step of their journey, right from accepting digital payments to availing various services & products that will help them to increase their business.
Pic : Courtesy
Report : Anustup Kundu