PAYTM APP POS NOW ENABLES ALL INDIAN BANK’S DEBIT CARD & CREDIT CARD PAYMENTS FOR SMES
TARGETS 10 MILLION DIY SMALL MERCHANTS & SHOPKEEPERS TO SIGN UP IN NEXT 6 MONTHS
Bengaluru. Paytm with its latest app update has announced a feature for small and medium businesses to accept payments from consumers using all banks’ debit/creditcards and UPI apps.
Available immediatelyin Google Play Store, this RBI approved & PCI-DSS compliantpayment option will enable small and medium businesses to accept payments at 0% fee from consumers who prefer to pay using cards and UPI. Merchants will chose “Accept Payment” option in Paytm app and enter consumers’ mobile number and amount details.This willtrigger a secure link sent by SMS to the consumers wherein they can their card details on theirown mobile phone. Consumerswill then have to enter OTP/Passcode sent by banks and complete 2-factorauthentication as suggested by RBI.
Speaking at the launch, Mr Nitin Misra, Sr Vice President – Paytm said, “We recognize the country’s immediate need for a quick and affordable App PoS solution. Our latest product will enable millions of small & medium merchants to instantly start accepting card payments while ensuring complete adherence to various industry standards.”
Paytm app POS will soon enable UPI inter-operable payments.
For details login to paytm.com/business