Kiranas adopting digital ledger service to avoid cash, transact Rs 1500 crore through Paytm Business Khata
Mumbai, 22 nd May’20 : India’s leading financial services company Paytm has today announced that ‘Business Khata’ has become India’s fastest-growing e-ledger service. As more 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. During the ongoing lockdown, the service has witnessed 4x growth both in terms of new merchants and the total number of daily transactions. Paytm has revolutionized the offline payments with it's QR based merchant payments. The company launched Business Khata to enable kirana 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 the...