Paytm merchants can now accept payments from other apps, cards at no extra fee

• Paytm has launched its all-in-one QR code for merchant payments.
• Paytm will be launching these QR codes along with utilities like calculator, power bank, clock, pen stands and radio.
• Paytm has over 13 million merchants onboarded and on its Paytm for business app it has 10 million merchants.

Paytm has launched its all-in-one QR code for merchant payments.

Through this feature, merchants will be able to accept unlimited payments from Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account without having to pay a processing fee.

“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,” said Vijay Shekhar Sharma, Founder & CEO - Paytm at the launch.

Interestingly, Paytm will be launching these QR codes along with utility items like calculator, power bank, clock, pen stands and radio.

It already has over 13 million merchants onboard along with 10 million on its Paytm-for-business app.

Through the app, merchants can also avail of loans and insurance.

Hoping to be a one-top solution for merchants, the digital payments leader also launched Paytm Business Khata. Through the feature, merchants can set up reminders for credit transactions and also receive their billing history.

In the financial year 2018-19, Paytm had clocked in a gross transaction value of $50 billion through 5.5 billion transactions. It had set a target of 12 billion transactions by FY20.

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