Paytm partners with Marg ERP to digitize payment collection and settlement for MSMEs
Paytm has partnered with the enterprise solutions provider Marg ERP to facilitate seamless transactions for MSMEs. Under the partnership, the duo offers to empower MSME with payment reconciliation servic using Marg ERP's new integrated payments solution MargPay.
While it may be difficult for MSMEs to keep track of all their receipts and payments made through multiple payment methods, MargPay seeks to enable businesses with an efficient and cost-effective system to collect and reconcile all payments.
MargPay, the company says, is an easy to use payment platform with user friendly interface. It will help merchants connect their business accounts with their billing, business and accounting systems with minimum effort, the company said. “The partnership will also extend to Paytm Payments Bank Limited powering Marg Pay’s nodal bank account,” it further added.
Paytm Payment Gateway has over 50% market share processing transactions through wallet, UPI, cards and net-banking. It 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.