Paytm’s further boost to merchants: 0% fee on unlimited wallet payments

Fintech major Paytm on Thursday declared that merchants can now receive payments without any cap through Paytm Wallet at 0% fee, along with UPI and Rupay Cards. The move will be beneficial for over more than 17 million merchants who shall now enjoy a 0% fee on all their digital payments with direct settlement in their bank accounts.

This novel service offered by Paytm will make a platform accessible for merchants as a single point of reconciliation for all their payments. It will no longer be necessary for merchants to keep multiple QRs at their counters. All they need is Paytm ‘All-In-One QR’ to accept payments from Paytm wallet, Paytm UPI, or any other UPI app.


Paytm is an Indian e-commerce payment system and financial technology company, based in Noida, Uttar Pradesh, India. In recent months, Paytm is at the forefront, striving financial inclusion for merchants across India, with heavy investments. The move will be a big boost for SMEs, Kirana merchants, wholesale traders, retailers and freelancers in their constant effort to accelerate the growth of digital and mobile payments across the country. The total number of merchants who rely on Paytm for payment services has already crossed the 17 million mark. Recently, Paytm partnered with SBI Card to launch two credit cards: Paytm SBI card Select and Paytm SBI card. The cards are focused on serving the interests of digitally-savvy customers who shop online majorly, especially in tier-2 and tier-3 cities.

Kumar Aditya, Sr. Vice President, Paytm said, “We are empowering our merchant partners across the country to accept wallet payments and get them directly into their bank account without worrying about the charges. The move will help merchants save more with every transaction. Now they can transact without any limits, all through a single QR”.