Paytm has now abolished the Merchant Transaction Charges for shoppers and small businessmen through Paytm wallet, UPI and RuPay cards. The company had already given information about this, which has now been implemented.
new Delhi. Paytm, one of the largest payment gateway companies in the country, has given a special gift to small traders and shopkeepers. After this, shopkeepers will now be able to make unlimited payments at no charge from Paytm Wallet, UPI Apps and Rupay Cards. These shopkeepers and merchants will not have to pay any fee for taking payment. The company has now allowed merchant partners to accept payments from Paytm Wallet, UPI Apps and RuPay Cards from last Thursday without any charges.
Indeed, during the corona virus epidemic and lockdown, micro, small and medium scale industries (MSMEs) were finding merchant transaction rates expensive. In view of this, Paytm will bear an expenditure of Rs 600 crore in annual merchant discount rate by banks and other charges. Let me tell you that some time ago, Paytm had announced no charge of any kind on merchant transactions. It has also been implemented now.
Nearly twenty five million shopkeepers and traders will benefit
Paytm has informed that about 1.7 crore shopkeepers and small traders will be directly benefited from this decision. They now use Paytm All-in-One QR, Paytm Soundbox and Paytm All-in-One Android POS to receive payments from their customers. Let us know that Paytm is one of the largest payment gateways and solutions companies in the country. The company has a large number of customers.
Shopkeeper
Paytm Senior Vice President Kumar Aditya can also take payment directly in the bank account, said that we believe that all MSMEs will benefit from waiving these charges. This step will also encourage merchants to make digital payments. This will also strengthen the Digital India Mission. Merchants will also have the option to choose whether they want to receive payment directly in their bank account or Paytm wallet. The company is promoting payment acceptance in all other ways including Paytm Wallet, UPI, RuPay, NEFT and RTGS.
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