Mumbai: Leading payments platform Paytm on Wednesday announced the launch of its All-in-One QR for merchants across the country aiming to enable merchants 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.
The company 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, the company said.
Vijay Shekhar Sharma, Founder & CEO - Paytm said, ''At the forefront of the payment revolution, we are very proud to launch an encompassing All-in-One QR for businesses. The Paytm 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.”
“I am sure this QR will accelerate the Digital India mission and make more financial services available to the under-served,” he added.
It unveiled personalised 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.
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.
To encourage wider acceptance of digital payments, Paytm offers rewards and cashback to its long associated merchant partners.
The company also introduced a new important service 'Paytm Business Khata' that complements the Paytm All-in-One QR.
With 'Paytm Business Khata', merchants can set payment due date for credit transactions and send automated reminders.
