By Samachar Vishesh
News
Chandigarh 20th
Jan-2020:- India's largest payments
platform Paytm (owned by One97 Communications Limited) has today announced that
it will be on boarding half a million merchants from Punjab and Haryana in
the next 12 months. The company has recently launched All-in-One QR across
the country that has enabled merchants in these states to accept unlimited
payments through Paytm Wallet, Rupay Cards and all UPI based payment apps
directly into their bank account at 0% fee. Further, it is targeting to achieve
a 150% growth in digital transactions in these states within a year.
The platform offers a single
reconciliation of all payments through its 'Paytm for Business' app. The
company plans to invest in merchant solutions for a deeper engagement beyond
payments.
Sajal
Bhatnagar, Vice President- Paytm said that Paytm has also
launched its All-in-One Paytm QR into various utility items such as calculator,
power bank, clock, pen stands and radio which merchants can use in their shop
for daily requirements. It has unveiled personalized QR codes with merchants'
names, logos, and pictures to strengthen their association with digital
payments. These QR codes can be ordered from the merchandise store on the
'Paytm for Business' app with doorstep delivery. He shared further that the
soundbox is one of the most popular QR merchandise that merchants love as it
allows them to hear confirmation of payment receipt. It supports all payment
modes and multiple languages. Paytm is making payments more convenient with its
dynamic QR for merchants where QR code specific to a single order can be
generated which merchants can integrate into any PoS system.
He said that 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
cashback to its long associated merchant partners.
Paytm has also introduced a new
important service 'Paytm Business Khata' that complements the Paytm All-in-One
QR. This further empowers Paytm merchant partners to maintain digital ledgers
of all their customer transactions including cash and credit (udhaar). With
'Paytm Business Khata', merchants can set payment due date for credit
transactions and send automated reminders. The customers will receive a
notification with their billing history, and they will be able to make payments
through the same link.
Sajal
Bhatnagar, Vice President-Paytm said that Haryana and Punjab
have been leading the wave of cashless payments in the country and we expect
significant growth in digital adoption from this region in 2020. Paytm for
Business app provides the complete digital retail infrastructure to our
merchants and empowers them to grow their business. This app offers a
superior user experience and any merchant can get access to it, irrespective of
the scale of his business. The on-boarding process is quite simple and free of
cost. The merchant does not need to get done any KYC procedure or provide
extensive documentation. With the addition of All-in-One QR to this app, we
will support the merchants at every step of their journey, right from accepting
digital payments to availing various services & products. We will continue
to add new-age banking & financial products to our Paytm for Business app
to address the requirements of our merchant partners across the length &
breadth of the country.
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