Economy

Paytm Launches Paytm For Business App For SMEs To Accept Digital Payments

Paytm Launches Paytm For Business App For SMEs To Accept Digital Payments”

Our Paytm for Business app is another step towards simplifying payments for the country's vast and diverse business partner community.

Digital payments platform Paytm has unveiled an application called "Paytm for Business" to enable small and medium businesses to accept digital payments.

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.

The app allows the merchants to view their transactions without the confirmation through SMS or Email. Paytm users can get free access to critical information like bank settlement, UTR number of daily bank settlement, and options like daily weekly and monthly statements. All partners can accept payments through QR code via payment methods such as Paytm, UPI, credit card, and debit card.

Whatsapp Officially Launched New Business Edition

Currently, its available in 10 regional languages. The app is available on Android Play Store.

In case of issues, merchants can get help on the app itself. Furthermore, the app also lets business owners accept payments instantly for 0% commission.

"The "Paytm for Business" app will make managing day-to-day business operations simpler for our partner merchants", Paytm COO Kiran Vasireddy, as reported by The Hindu, said. The monthly payment receiving a limit of Rs.50, 000 can also be increased on a custom request. "We will continue to invest in our payments network to give every small & large merchant the power of digital payments with Paytm". With Paytm Cash, future cashback amounts will be usable only on the Paytm app for actions like shopping, cabs, flight bookings, and much more.



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