Paytm to empower 1 million merchants in Tamil Nadu & Kerala with its All-in-One QR

Paytm to empower 1 million merchants in Tamil Nadu & Kerala with its All-in-One QR

Paytm to empower 1 million merchants in Tamil Nadu & Kerala with its All-in-One QR

– Targeting 2x business growth in Tamil Nadu and Kerala within a year
– Unlimited payments acceptance from Paytm Wallet, UPI and Rupay cards
– Instant settlement in bank accounts and single reconciliation for all payments
– Launches 'Business Khata' to manage credit and cash sales
– Introduces Paytm QR merchandising for merchant partners

January 22, 2020. Chennai. India's largest payments platform Paytm (owned by One97
Communications Limited) has today announced that it will be onboarding 1 million merchants from
Tamil Nadu and Kerala in the next 12 months. The company has recently launched All-in-One QR
across the country that has enabled merchants in these states to accept unlimited payments
through Paytm Wallet, Rupay Cards and all UPI based payment apps directly into their bank account
at 0% fee. Further, it is targeting to achieve a 2x business growth in these states within a year.
The platform offers a single reconciliation of all payments through its 'Paytm for Business' app. The
company plans to invest in merchant solutions for a deeper engagement beyond payments.
Paytm has 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. It
has unveiled personalized 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. Paytm is making payments more convenient
with its dynamic QR for merchants where QR code specific to a single order can be generated which
merchants can integrate into any PoS system.
The merchant only app 'Paytm for Business' is extensively used by over 10 million Paytm partners. It
has enabled them to manage their payments, view all their transactions in one place, order Paytm
QR merchandise among various other services. Merchants can also avail multiple business services &
financial solutions such as loans, insurance. Its innovative offering has empowered Paytm merchant
partners to transfer payments instantly into their bank accounts at any time. To encourage wider
acceptance of digital payments, Paytm offers rewards and cashback to its long associated merchant
partners.
Paytm has also introduced a new important service 'Paytm Business Khata' that complements the
Paytm All-in-One QR. This further empowers Paytm merchant partners to maintain digital ledgers of
all their customer transactions including cash and credit (udhaar). 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.
Saurabh Sharma, Senior Vice President- Paytm said, “Tamil Nadu and Kerala have witnessed a 50%
business growth in the last year and we expect significant growth in digital adoption from this region

in 2020 as well. Paytm for Business app provides the complete digital retail infrastructure to our
merchants and is a must-have business tool. This app offers a superior user experience and any
merchant can get access to it, irrespective of the scale of his business. The on-boarding process is free
of cost and hassle-free. The merchant does not need to get done any KYC procedure or provide
extensive documentation. With the addition of All-in-One QR to this app, we will support the
merchants at every step of their journey, right from accepting digital payments to availing various
services & products that will help them to grow their business. We will continue to add new-age
banking & financial products to our Paytm for Business app to address the requirements of our
merchant partners across the length & breadth of the country."

 

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