Paytm launches unified QR code for merchants to enable unlimited payments
- The QR code will enable business to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at zero percent fee
- The platform offers a single reconciliation of all payments through its 'Paytm for Business' app
Paytm, India's leading digital payments company, Wednesday announced the launch of its all-in-one QR for merchants across the country.
The QR code will enable business to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at zero percent fee, Vijay Shekhar Sharma, Paytm founder and CEO said at the launch.
The platform offers a single reconciliation of all payments through its 'Paytm for Business' app, Sharma added.
"We are very proud to launch an encompassing all-in-one QR for businesses. The all-in-one QR is a must-have business tool as it is only payment QR that allows merchants to accept payments from Paytm wallet, all UPI apps, and cards," Sharma told news agency PTI.
Paytm, owned by One97 Communications Limited, also unveiled the QR code into various utility items such as calculators, power banks, clocks and radio, which merchants can use in their shop for daily requirements.
The company also introduced a new service 'Paytm Business Khata' that complements the all-in-one QR. "Business Khata' further empowers Paytm merchant partners to maintain digital ledgers of all their customer transactions including cash and credit," the firm said
The mobile wallet company boasts to enjoys 54% market share of mobile payments for merchants.
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First Published:8 Jan 2020, 07:18 PM IST
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