Paytm founder Vijay Shehar Sharma has launched an all-in-one, unified QR code for all merchants. This new QR code will enable the traders and businesses to accept payments from Paytm wallets, RuPay Cards and every other UPI payment platforms.
The money received will be directly transferred to the bank account of the merchants, and there will be zero transaction charge as well.
The money received will be directly transferred to the bank account of the merchants, and there will be zero transaction charge as well.
This can be a big boost for small merchants, and encourage them to accept more and more payments via this unified QR code.
Paytm for Business app is the one common app for merchants to receive payments from various sources.
During the launch, Vijay Shekhar Sharma said, “We are very proud to launch an encompassing all-in-one QR for businesses. The 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,”
Founder has tweeted "Launching India’s ultimate All-in-one QR !! https://business.paytm.com/payments
• No more any limits of accepting wallet payments :: ZERO % Fee and unlimited amount.
• Paytm and Any UPI App can scan.
• Only QR with Wallet + UPI + RuPay cards at 0% Fee. #PaytmKaro"
Currently, this all in one QR code is the only code which can receive payments from all UPI platforms, and even RuPay debit cards.
QR Merchandise Also Launched
At the same time, Paytm has launched QR Merchandise for all merchants.
These include QR Code enabled watches, radio, calculators, powerbank and more, thereby making it easy for merchants to accept cashless payments.
One of the merchandise is Sound Box, which will produce a sound everytime a payment is received from their QR code.
A digital ledger book, called Paytm Khata has also been lanched, which will help the merchants to maintain their account books digitally.
