Launching All-in-One Payment Gateway and business solutions for SMEs
As we continue to build innovative solutions for our merchant partners, we are proud to launch two new business solutions for SMEs that will help them streamline & digitize their business processes. In an event today at Bengaluru, we introduced ‘All-in-One PG’ and ‘Paytm Business Solutions’ that increases the overall efficiency of both accepting payments and making payments.
Together, these two solutions complement the newly launched ‘All-in-One POS’ device that is set to revolutionize the retail industry in India.
Our All-in-One PG empowers SMEs to collect digital payments across all payment methods without the need for any website or app. Merchants with an annual turnover of over Rs 50 crore stand to gain the most from this service, as they are required to comply with recent Government notification to provide the facilities for accepting payment through digital modes.
SMEs can easily create and share payments links & invoices without investing time & resources to build their own platform. In addition, they have a choice of building their own web storefront using Paytm and further expand their business by acquiring new & digital-savvy customers.
With All-in-One PG, we also enable developers and start-ups to collect user payments across all payment methods on their apps in a seamless in-app manner without any redirections to payment gateway providers thus avoiding possible dropouts and hence higher success rates.
Today, our network has over 200mn+ unique saved cards and bank accounts repository; this feature enables partner apps the ability to drive faster conversions and reduce transaction times while making payments on All-in-One PG.
We also launched ‘Paytm Business Payments’, which is a breakthrough in SME payments that enables both large and small businesses to track and pay all their payments from one place.
Businesses can use APIs or Paytm for Business Dashboard to make bulk payments to Bank Accounts, UPI addresses, and Paytm Wallets instantly. With this, the company is aiming to simplify and digitize payments for both B2B and B2C players who make regular payments to a large number of vendors, salaries and food allowance to employees, rewards or instant refunds to their customers and even other expenses like utility bills for multiple offices.
Presenting the new solutions, our Founder & CEO Vijay Shekhar Sharma mentioned,
“Government initiatives like Zero MDR and encouraging digital acceptance for businesses have opened up new opportunities for digital payments in India. Today, we are announcing our All-in-One PG and Business Payment solutions for SMEs. These services will further deepen the importance of digital payments in their business and bring to them the advantages of the digital economy.”
