For merchants in the country, Paytm announced the launch of its "all-in-one QR" that enables businesses to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at zero percent fee.
The new facility will provide a single reconciliation of all payments through its 'Paytm for Business' app.
Launching India’s ultimate All-in-one QR !! https://t.co/fjgsuMosGr— Vijay Shekhar (@vijayshekhar) January 8, 2020
• 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 pic.twitter.com/xMwl5DrCZZ
The mobile wallet company owned by One97 Communications Limited also rolled out the QR code into various utility items such as calculators, power banks, clocks and radio, which merchants can use in their shop for daily requirements, the company said.
A new service called the 'Paytm Business Khata' that complements the all-in-one QR was introduced to maintain digital ledgers of all their customer transactions including cash and credit, the company said.
A 'soundbox' is was added as a smart device to the QR merchandise that allows the merchants to hear confirmation of payment receipt in multiple languages and supports all payment modes.