Paytm Business Khata registration leapfrogs during COVID-19 lockdown

On account of 4-times growth in terms of f new merchants and the total number of daily transactions during Coronavirus lockdown, Paytm business Khata has emerged India’s fastest-growing e-ledger service. As more ration (kirana) stores are adopting digital transactions to avoid cash, Paytm has recorded over Rs 1500 crores of payments since the launch of its Business Khata services in January this year.

Speaking on the achievement of Paytm Business Khata Sajal Bhatnagar, Vice President at Paytm said, “Paytm Business Khata has become an essential service for ration stores as it automates their manual cash collection. It has helped them to significantly improve cash flow and clear their sales outstanding digitally. We are overwhelmed with the growth achieved and will work towards educating more rations about its convenience.”

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Paytm has revolutionized the offline payments with it's QR based merchant payments. The company launched Business Khata to enable ration store partners to maintain digital ledgers of all their customer transactions including cash and credit (udhaar). Using this service, a million merchants have moved digitally and have also learned to set payment due dates for credit transactions & send automated reminders. With this, the customers receive a notification with their billing history, and they are able to make payments through the same link through their preferred mode of Paytm Wallet, Paytm UPI, cards, or net banking.

Paytm Business Khata service is absolutely free for merchants and they can download the ‘Paytm for Business’ app to use this service. They can also download reports for easy verification and to track daily sales growth; thereby improving overall business efficiency.