Paytm announced that its QRbased payment solution is fast emerging as the default payment method for merchants across Tamil Nadu. The company’s widely accepted QR is now enabling merchant partners across India to accept unlimited payments directly into their bank accounts at 0% fee.
Paytm’s strong sales team is currently helping offline merchants across Tamil Nadu understand the convenience of accepting money directly into their bank accounts. The platform will invest 500 Cr in 2018 to conduct merchant training and awareness initiatives to scale operations across India.
Getting a Paytm QR Code for your business is now easier.
- Step 1: Give a missed call to +91 90047 90047 or log on to https://business.paytm.com/retail
- Step 2: Click on Sign up for Free
- Step 3: Enter your Name & PAN or Aadhar Number
- Step 4: Fill in your Business & Bank details
The company has registered that Restaurants, Food outlets & Quick Service Restaurants in Tamil Nadu transact the most using Paytm. They can now service their desired client walk-ins who prefer digital payments to cash. Tea stalls near offices and IT hubs have also contributed massively, while grocery & kirana shops in residential areas have also contributed to the overall volume.
Tom Puthenpurackal Jacob, Regional Head – Paytm said, “Our QR based payments have become top of mind for users and merchants across Tamil Nadu. It is exciting to see that once our merchants and consumers experience the power of convenient mobile payments, it causes a rapid and permanent shift in their behavior. We are confident this rate of adoption will increase further as our merchants can now accept payments from Paytm, UPI or Cards at zero cost round the clock, throughout the year at no charges. We are confident the convenience associated with this process will trigger a larger number of merchants in Tamil Nadu towards going cashless.”
Benefits
Merchants:
- No monthly limit on receiving payments
- Receive payments directly into your bank account at no charges
- No forms or document submission required
Consumers:
- Have greater flexibility in choosing payment source
- Generate your own QR Code, if you require!
Paytm has pioneered QR based mobile payments in the country and supports all payment methods including Credit/Debit Cards, Net Banking, Paytm BHIM UPI and the Paytm Wallet. It offers customers the widest range of offline and in-store payment use-cases including parking, tolls, kirana stores, utility, temples, local transport, railway & metros, school & college fee and challan among others. With this new addition, it targets 6X growth in offline payments by mid 2018.
