New Delhi, 30 January 2019: Paytm, India’s largest digital payments platform, today said that its newly launched merchandise for businesses has found tremendous acceptance, clocking over 20,000 orders daily since it was introduced.

Paytm has launched an array of utility merchandise for businesses including calculators, power banks, clocks, pen stands and radio which merchants can use in their shop for daily requirements. QR codes can be personalized by merchants with their names, logos and pictures to strengthen association with digital payments. Paytm also introduced an innovative product Soundbox, which is a voice enabled IOT device which alerts the merchant of payments credited in the language of their choice, this is the current best-selling product on the platform. Merchants can avail the Paytm QR merchandise of their choice from Paytm for Business app and get doorstep delivery. 

Paytm merchandise complements the company’s All-in-One QR offering for which enables them to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI based payment apps directly into their bank account at 0% fee. The platform offers a single reconciliation of all payments through its 'Paytm for Business' app. Merchants can register to accept payments using All-in-One QR from Paytm for Business app and also get doorstep delivery of the same

SajalBhatnagar, Vice President at Paytm said, “Small and medium business owners and shopkeeper now have the convenience of having the best of technology available in the language of their choice to handle day to day operations. Our QR code offering along with the merchandise options answer very specific needs in the merchant community. Our objective is to have a product for every single merchant type across the country, we will continue to innovate, bringing a seamless digital experience to all our users—merchants and consumers.”

Paytm has also introduced a new important service 'Paytm Business Khata' that complements the Paytm All-in-One QR. This further empowers Paytm merchant partners to maintain digital ledgers of all their customer transactions including cash and credit (udhaar).  With 'Paytm Business Khata', merchants can set payment due date for credit transactions and send automated reminders. The customers will receive a notification with their billing history, and they will be able to make payments through the same link.