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All-in-one QR for merchants launched by Paytm

Digital payments firm Paytm announced the launch of its all-in-one QR for merchants across the country. This QR will enable merchants to accept unlimited payments through Paytm WalletRupay Cards and all UPI-based payment apps directly into their bank account at zero per cent fee. The platform offers a single reconciliation of all payments through its ‘Paytm for Business’ app.

Owned by One97 Communications Limited, the mobile wallet company currently enjoys 54 per cent market share of mobile payments for merchants. 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. The new smart device for payment processing ‘soundbox‘ is one of the QR merchandise that allows the merchants to hear confirmation of payment receipt, which supports all payment modes and multiple languages.