Paytm on Monday announced the release of a business app that is accessible by all Android users. The app enables business partners and registered merchants to steer through the past transactions, trace bills and other payments. It also helps them keep an eye on the settlements through the mobile phone app.
The app that is in ten regional languages allows the registered merchants to print out their QR code directly from the app without delay.
Paytm app is available on Google Play Store. The app comes with an interface that helps the traders to view their transactions before the delivery of a confirmation short message or email. Business partners also have access to daily, weekly and monthly statements. The statements sent to them come with information like unique taxpayer reference (UTR) numbers, bank statements and the period required for bank settlements.
Other Services Offered By Paytm For Business Mobile App
Paytm for business mobile app allows users to browse through the Frequently Asked Questions (FAQs) and get access to the merchants’ helpdesk which is a priority for partners. Also, it enables the partners to raise support tickets and even check the condition of the on-hand tickets.
Moreover, all Paytm registered partners that transfer money to the bank pays nothing as a commission. Also, the app allows the traders a cashless Know Your Customer (KYC) identification process. In addition, the business app allows the partners to accept payments through QR code. These payments takes place via payment methods like UPI, debit cards, Credit cards and Paytm itself.
However, the original monthly payment limit for receiving funds is set to Rs. 50,000, ($782), but the restriction can be lifted on a custom request.
Kiran Vasireddy, Chief Operating Officer at Paytm, told reporters that Paytm is one very significant step towards simplifying payment methods to the country’s various business partner communities. Kiran also added that the move would ease daily business operations for the partner’s merchants. Also, it will offer them peace of mind since this is a reliable one-stop solution.