Paytm along with Marg ERP to digitize payment collection and settlement
By MYBRANDBOOK
Paytm has announced that it has partnered with enterprise solutions provider Marg ERP to empower MSMEs with payment reconciliation services. With this partnership, Paytm Payment Gateway will facilitate seamless transactions for over a million MSMEs using Marg ERP's new integrated payments solution Margpay. It provides them with technology to enable businesses with an efficient and cost-effective system to collect and reconcile payments.
The company said that presently, MSMEs find it difficult to keep a track of all their receipts and payments made through multiple payment methods. Small businesses also find it challenging to deal with multiple service providers, payment interfaces and solutions that are expensive and difficult to understand. With Paytm Payment Gateway powering Margpay, MSMEs will now be able to seamlessly send and receive payments and keep track of all transactions using a connected interface. The easy to use interface of the platform will also help merchants connect their business accounts with their billing, business and accounting systems with minimum effort. Furthermore, the partnership will also extend to Paytm Payments Bank Limited powering Marg Pay’s nodal bank account.
Paytm Payment Gateway is a leader in India with over 50% market share processing transactions through Wallet, UPI, cards and net-banking. It offers several innovative services, such as Payouts & Recurring payments, OTP less card payments, instant refunds, and pre-authorization flow that addresses the needs of both B2B and B2C companies. Marg ERP, with over 50% market share in the pharma and FMCG sectors nationally, processes 20 billion invoices worth $100 billion dollars per year.
Krishnam Raju, CEO, Marg ERP, says, “Everybody is looking for an integrated payment solution, be it SMEs or MSMEs bundled with their ERP platforms. It needs to be cost-effective and easy to use for contactless payments. Margpay, a subsidiary of Marg ERP has been launched keeping this need in mind and we are excited to partner with Paytm Payment Gateway to become the backbone of our offering."
Saloni Malhotra, Vice President, Paytm, comments, "It has been our constant endeavour to empower MSMEs with the best payment acceptance and reconciliation solutions to help them join the digital ecosystem. We are equipping them with technology solutions that help to maintain their payment records and also aid in expanding their businesses. With this partnership with Marg ERP, we aim to reach a step closer to Atmanirbhar Bharat, where MSMEs have all the digital means to become self-reliant."
Paytm Payments Gateway allows merchants to enjoy real-time bank settlement and is based on anti-fraud technology to ensure secure payments. It also provides a strong dashboard to see the payments received and bank settlements.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
Bolstering its commitment to help build a truly self-reliant B
CP PLUS is dedicated to spreading a sense of security to every corner of In
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
TATA CONSULTANCY SERVICES
LAVA INTERNATIONAL LTD.
TALLY SOLUTIONS PVT. LTD.
SAFE SECURITY SERVICES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Arundhati Bhattacharya
Arundhati Bhattacharya serves as the Chairperson and CEO of Salesforce...
ICONS OF INDIA : SHAILENDER KUMAR
Shailender Kumar is senior vice president and regional managing direct...
Icons Of India : B.V.R. Subrahmanyam
A 1987 batch (Chhattisgarh cadre) Indian Administrative Service Office...
PARTNER SPEAKERS
PSU
HPCL - Hindustan Petroleum Corporation Ltd.
HPCL is an integrated oil and gas company involved in refining, market...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - NIKESH ARORA, Chairman CEO - Palo Alto Networks
Nikesh Arora, the Chairman and CEO of Palo Alto Networks, is steering ...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
