Paytm, which is owned by One97 Communications Limited, has launched All-in-One QR for all merchants that will allow them to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI based payment apps directly into their bank account at zero per cent fee. The platform also unveiled this 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.
In a bid to to strengthen their association with digital payments, the QR codes will be personalised with merchants' names, logos, and pictures. These QR codes can be ordered from the merchandise store on the 'Paytm for Business' app. 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.
‘At the forefront of 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 underserved,’ Vijay Shekhar Sharma, Founder & CEO - Paytm, said in a statement.
The company has also introduced a 'Paytm Business Khata' service 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. The customers will receive a notification with their billing history, and they will be able to make payments through the same link. According to the platform, the merchant only app ‘Paytm for Business’ is used by over 10 million Paytm partners. Merchants can also avail multiple business services and financial solutions such as loans, insurance.