How Paytm-led QR codes are turning the dream of Digital India into reality

Paytm, India’s leading mobile payments and financial services company, believes in empowering the society with the power of digitization through its innovative, transformative and user-friendly technologies. Its pioneering QR code, soundbox and online financial services are helping street vendors and small businesses grow by enabling them to accept mobile payments. From metros to the remotest places in India, Paytm has taken mobile payments to the remotest corners of the country.

Recently, a Twitter user Abhishek Chaurasia shared a picture of a street vendor with a Paytm QR code displayed on his cart. Chaurasia also said that Digital India is an ambitious initiative that is changing India, and Paytm is helping digitization reach the roots of the country by empowering merchants.

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Digital India is an ambitious initiative that aims to transform India into a digitally empowered society and knowledge economy.
Paytm is empowering street vendors and small businesses to accept digital payments and join the cashless revolution.@paytm @vijayshekhar @_Digital India pic.twitter.com/jxkH7G8KTI– Abhishek Chaurasia (@mabhishe_k) 10 June 2023

“Digital India is an ambitious initiative that aims to transform India into a digitally empowered society and knowledge economy. Paytm is empowering street vendors and small businesses to accept digital payments and join the cashless revolution,” tweeted Chawrasia.

Merchants, including medium and small enterprises, are increasingly adopting new-age payment technology to provide a hassle-free shopping experience to their customers. The digital payment modes that Paytm offers to its merchants typically include a QR code, Point of Sale (POS) machine, and a payment gateway. Merchants and sellers can set up Paytm QR code easily and at zero cost.

Another Twitter user Ishani K. Dutta also shared the fintech giant’s reach by tweeting about a roadside biscuit baker that accepts payments through Paytm QR codes. “Cooking biscuits on the roadside in the traditional way…,” he tweeted.

Biscuit baking on the roadside in traditional way.#India #paytm #biscuits pic.twitter.com/284HmNeiZJIshani K. Dutta (@Ishani2903) 12 June 2023

A LinkedIn user Nischal Sanghvi also posted about seeing a woman selling maize on the roadside. What took her by surprise was that she was using the Paytm QR code to accept electronic payments. Not only did the vendors not have bank accounts, but they also reported that most of their customers “paid through mobiles.”

“I was on a road trip in the mountainous regions of the Indian state of Uttarakhand when I stopped by a roadside tribal selling corn. What surprised me was that these un-schooled tribal vendors from highly disadvantaged backgrounds were using QR codes to take electronic payments.

“When I spoke to them, I came to know that they had bank accounts and most of their customers paid through their mobiles. Hats off to Narendra Modi’s Digitalindia.com initiative which has transformed India into a digitally empowered society and knowledge economy. A huge credit goes to Vijay Shekhar Sharma’s Paytm National Payments Corporation of India (NPCI) for realizing the dream of Digital India,” Shanghvi posted along with a short video.

Millions of Paytm users can make contactless payments through QR codes scanned from the company’s mobile application. Paytm QR Code has become a revolutionary way to engage merchants with positive aspects of low acquisition cost and scalability.

Consumer Relations Initiative