After WhatsApp launched its standalone app for businesses, now Paytm has now rolled out its Business app on Google PlayStore. The new Business app is currently available in 10 regional languages and will enable registered merchants to track payments and settlements through a mobile app and navigate through past transactions.
Furthermore, merchants can download their daily, weekly and monthly transaction statements, and access information such as UTR numbers of daily bank settlements, bank settlement duration, and more. Also, they can generate a Paytm QR through the app, print it and use it at their shops to accept unlimited payments directly into their bank accounts at zero per cent commission. It also offers cashless KYC onboarding. Additionally, there is an initial monthly payment receiving limit of Rs 50,000 which can be increased on a custom request.
Commenting on the launch of the app, Kiran Vasireddy, COO – Paytm said: "Our 'Paytm for Business' app is another step towards simplifying payments for the country’s vast and diverse business partner community. It will make managing day-to-day business operations simpler for our partner merchants and offer them the peace of mind that comes with having a dependable one-stop solution."
Prior to this, the digital wallet service provider launched Paytm Cash, replacing future cashback.