A new business app in India:
Paytm is an e-commerce brand of India providing Indian e-payments. Last Monday it has launched a new business app for small and medium-sized enterprises. Following the Facebook-owned Whatsapp that launched its business app(WhatsApp Business) in Indonesia, Italy, Mexico, Britain and the US, Paytm comes with this new service in India. Additionally, the app ‘Paytm for Business’ is available in 10 regional languages in Play store for Android users.
‘Paytm for Business’ aims to solve the everyday payments collection and reconciliation problems for small merchants in the country. The new merchants can sign up quickly and get a Paytm QR code to start accepting digital payments. Hence its easy to manage their day to day payments and day-end reconciliations.
The company’s concern is for the millions of small merchants to accept payments to even higher acceptance of digital payments in using just their smartphones.
Benefits of “Paytm For Business” app are :
- One stop destination for the merchants for all their payment-related information. It offers existing(6 million) offline and new merchants to track payments. They can navigate through the past collections and trace settlements made to their preferred bank accounts.
- At 0% charge, merchant shops can accept unlimited payments directly into their bank accounts with the help of Paytm QR. It is generated instantly through the app and is print-ready. Also, the QR enables its merchant partners to accept charge free Paytm, UPI and Card Payments directly into the bank accounts.
- It allows merchants receive payments by sharing the QR with their customers through messaging platforms. Moreover, the merchants can view their transaction details without waiting for a confirmation SMS or Email.
- Merchants are able to download daily, weekly and monthly transaction statements. They can also access the critical information like estimated time of bank settlement, UTR numbers (Unique Taxpayer Reference) among others.