Saturday, January 11, 2020

Paytm 'All In One' QR Code Launched - Supports Any UPI App and Rupay Card

Paytm All In One QR Code

The one thing that I like about Paytm is is keeps evolving, it keeps adding new features to leverage its users with more convenience. This time Paytm has added more convenience for its users when they go out to a local Kirana shop by adding its new "All-in-One" QR code feature. Paytm announced this new feature at an event in Delhi.

This new "All-in-One" QR code product integrates some of the most commonly used payment platforms in India including Paytm Wallet, any UPI App like PhonePe, Google Pay, Amazon Pay UPI, etc. and Rupay Debit Cards.  This is the first product to accept payments via Rupay Debit cards.

This means you can simply scan this new QR code using Paytm to pay via your wallet, any other UPI-enabled app (such as Google Pay, PhonePe) or a banking app’s scanner to pay via your Rupay debit card.

Paytm's All-in-One QR code product comes just after RBI recently mandated that businesses (with an annual turnover of more than Rs. 50 crores) need to offer customers low-cost digital payment options, including BHIM UPI, UPI QR Code, Aadhaar Pay, and debit cards, & more. This step has been taken by the government to boost the use of digital payment methods.

A major plus point of Paytm's All-in-One QR code is that there is no Merchant Discount Rate (MDR) fee that will be levied on either on the customer or merchant. MDR or Merchant Discount Rate is a fee that a business owner has to pay to the bank for accepting payments via digital platforms.

Paytm SoundBox

Payrm SoundBox

You must have been caught in a situation when you paid the merchant and the merchant was looking out for his or her phone to confirm your transaction. Yes, Paytm has found the solution for this problem by launching its all-new Paytm Soundbox which displays the All-in-One QR code at the center and will speak out loud the last transaction, that too in multiple languages almost instantly. 

Dynamic All-in-One QR Code Display

Paytm Dynamic All-in-One QR Code Display

Besides the static "All-in-One QR" code Paytm also launched another product with Dynamic QR Display with All-in-One QR code. The Paytm QR code stand comes with a 3.5-inch display at the center. It connects with your system either Windows or Linux, to display a dynamic QR code for single orders.

Paytm QR Merchandise

Paytm QR Merchandise

Paytm QR Merchandise

Talking about the merchandise launched by Paytm, it is giving the flexibility to the merchants to customize their "All-in-One" QR code. you can choose from multiple options like Display Stand with Radio, QR with Display Stand and Ganesha, All in One Display Stand with Calculator, Keychain, Pen stand and also with a message like bring your own bag.

So if you are a Paytm user, well and good and if you aren't which is highly unlikely, then you can still scan the new All-in-One QR code at your favorite Kirana store or any other shops. This is the one solution that helps businesses to put only one QR code at their shops instead of pasting multiple QR codes from different digital payment service providers.

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