Paytm for business is basically designed to be the cash register and wallet for the small scale businesses. The app is mostly used by street vendors, fancy shop owners and other small businesses.
The user needs to have a verified Paytm account to use this facility.
the app is available in playstore(for android) and appstore(for ios).
After installation the app asks us to log in to the paytm account for which KYC is already done. After the log in it asks for the bank details through which the transactions should take place. The whole registration process may take upto 7 to 10 days. We will recieve a message upon the successful creation of the account. The app also provides a QR code for accepting the payments and also provides statements for processed transactions. The amount is settled to the registered bank account by the end of the calendar day. the app also provides a wholesale store in Paytm mall. On a wide view this is a very useful app but it needs a few developments in processing time as it is not same for all customers.