Categories: Business

Paytm ends MDR fees on wallet payment, merchants partners will benefit


Paytm removes MDR fees on wallet payments to support merchant partners

new Delhi. India's leading financial services platform Paytm has announced the launch of a facility to accept payments to its bank account at zero fees through all merchant partners, Paytm Wallet, all UPI based payment apps and RuPay cards. Paytm All-in-One QR can be used for this. The company has set aside Rs 100 crore during the Kovid-19 epidemic, which will be invested to access financial services and various marketing tools, so as to increase digital payments through merchant partners Paytm All-in-One QR Be encouraged to speed up. Paytm will bear the burden of MDR fee, which is charged by the banks. Paytm has decided to discontinue all loyalty schemes.

A Paytm spokesperson said that our goal is to support millions of small businesses in the country to accept digital payments from all sources without worrying about additional charges. We will bear the burden of the fees charged by the banks themselves and enable merchants to accept payments at zero fees. We will also continue to offer many benefits for their business, including various financial and business services that they use on our platform.

Launched earlier this year, Paytm All-in-One QR is the only free QR that allows payment from Paytm Wallet, all UPI apps and RuPay cards. Merchants can easily download the Paytm for Business app and use the thrilling features of this QR, such as direct bank settlement, single settlement, and requests for various functions such as loans, insurance and more.

This post was published on June 24, 2020 12:44 pm

Content Team

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