Indian electronic payment Paytm has planned to invest a total sum of Rs 500 crore next year, as the company is looking forward to train its offline merchants in QR code-based payments that will directly land into their bank accounts.

Fixing Agents to Train Merchants

Paytm has additionally pushed into benefit a system of 10,000 agents who would train merchants and disclose to them the additional advantages of tolerating Paytm QR instalments.

Paytm QR Benefits Merchants

“With Paytm QR, our merchant partners can now accept payments at 0% charge, directly in their bank accounts through multiple payment instruments including UPI and cards. And there is no monthly limit on collecting payments from their customers,” said Kiran Vasireddy, COO at Paytm.

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