The Paytm for Business app is wholly designed to facilitate the digital payments exchanged by merchants on a daily basis. The app classifies the transactions into different categories, alongside the bank transfers.
Paytm has launched the Paytm Business app for merchants and businesses to accept payments on the platform. In addition, it will allow them to navigate their previous transactions along with a facility to view payments made to their bank accounts. The Paytm for Business app is now available to download in the Google Play store. The app is available in 10 regional languages, including Hindi and English.
The Paytm for Business app is wholly designed to facilitate the digital payments exchanged by merchants on a daily basis. The app classifies the transactions into different categories, alongside the bank transfers. Merchants can even generate QR codes and put them in their shops to allow customers to scan and pay the money. Paytm says that the merchants and businesses will be able to accept payments with zero commission charges, which means that the intermediary Paytm won’t take any share of the payments.
Furthermore, the merchants can track their transactions without waiting for confirmation SMS or email. “They can check the details of every transaction, download daily, weekly and monthly statements and gain access to critical information like estimated time of bank settlement, UTR numbers of daily bank settlement, among other things,” says Paytm in a blog post. The merchants will also be eligible to seek support from the Merchant Helpdesk by touching a single button.
Commenting on the launch of Paytm for Business app, Kiran Vasireddy, COO Paytm, said, “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.”