Paytm to add 8L merchants from MP in next 1 yr

India’s largest payments platform Paytm (owned by One97 Communications Limited) has on Monday announced that it will be onboarding 8 lakh merchants from Madhya Pradesh in the next 12 months.

The company has recently launched All-in-One QR across the country that has enabled merchants in the State to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at 0% fee. Further, it is targeting to achieve 2X business growth in Madhya Pradesh within a year.

While talking to media persons here on Monday Ripunjai Gaur, Vice President- Paytm said, “The platform offers a single reconciliation of all payments through its ‘Paytm for Business’ app. The company plans to invest in merchant solutions for a deeper engagement beyond payments.”