Paytm, India’s leading payment gateway service provider has today 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.
Also Read: This festive Season, Flipkart and Paytm Partner to Provide a Cracking Offer to Customers
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.
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.
