In a move to make merchants take readily to digital payments, Paytm has launched the Paytm for Business app on Android Play Store today. The app enables new merchants to sign up quickly and get a Paytm QR code to start accepting digital payments. The app will also enable merchants to manage their day to day payments and day-end reconciliations.
Kiran Vasireddy, COO Paytm stated, “We are committed to building the best payments infrastructure for our Merchant partners. Our Paytm for Business app is another step towards simplifying payments for the country’s vast and diverse business partner community. It will make managing day-to-day business operations simpler for our partner merchants and offer them the peace of mind that comes with having a dependable one-stop solution. All needs ranging from seamless acceptance of various payment modes to day-wise settlement summary have been taken care of.”
The Paytm for Business app offers a complete suite of services allowing Paytm’s existing 6 Mn offline merchants along with new, to track payments, go through the past collections and trace settlements made to their preferred bank accounts. They can also generate a Paytm QR instantly through the app, print it, and start using it at their outlets to accept unlimited payments directly into their bank accounts at 0% charge.
Additionally, they can also share the Paytm QR with their customers through messaging platforms to receive payments. The app also allows downloading of daily, weekly and monthly transaction statements and gives access to critical information like estimated time of bank settlement, UTR numbers (Unique Taxpayer Reference) among others.
The app will be available in 10 regional languages, allowing merchants to view their transaction details without the need to wait for a confirmation SMS or email.