PayTM unveils all-in-one QR for merchants

PayTM, an Indian Digital payment major recently unveiled its all-in-one QR code, which is intended to facilitate merchants, unlimited payment through PayTM wallets, Rupay Cards and other UPI based payment apps. In addition, the code will enable merchants to receive the payment money directly into their bank accounts without any additional fees charged.

The unique concept will act as a one-stop platform for the collection of all payments through 'PayTM for Business' app.

One97 Communication, which is the parent company for PayTM is primarily in the mobile wallet payment business, alone enjoys 54 percent of market share, presently.

"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," asserts Vijay Shekhar Sharma, Founder and Chief Executive Officer, PayTM.