Paytm launches all-in-one QR for merchants

Paytm on wednesday announced the launch of its all-in-one QR for merchants across the country.

This QR will enable merchants to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at zero per cent fee, Paytm Founder and Chief Executive Officer (CEO) Vijay Shekhar Sharma said at the launch.

The platform offers a single reconciliation of all payments through its ‘Paytm for Business’ app.

Owned by One97 Communications Limited, the mobile wallet company currently enjoys 54 per cent market share of mobile payments for merchants.

“We are very proud to launch an encompassing all-in-one QR for businesses. The all-in-one QR is a must-have business tool as it is only payment QR that allows merchants to accept payments from Paytm wallet, all UPI apps, and cards,” sharma said.