Paytm and Axis Bank collaborate to provide POS solutions and EDC devices to their merchant network.

About Partnership

Paytm, India’s leading payments and financial services company has entered into a strategic partnership with Axis Bank to offer advanced POS solutions and EDC devices to a wider merchant base. This collaboration aims to transform the merchant acquiring landscape by providing innovative tools to optimize business operations and enhance customer experience.

Paytm’s EDC devices come equipped with a comprehensive suite of features designed to streamline store management. Merchants can now efficiently manage inventory, generate invoices, offer promotions and discounts, track sales, and engage with customers through CRM tools. This integrated solution empowers businesses to make informed decisions and drive growth.

The company’s offerings extend beyond efficient payment processing. By providing multiple EMI options, merchants can enhance affordability for customers and boost sales. This win-win approach benefits both merchants and consumers, fostering long-term customer relationships.

For Axis Bank, this partnership expands its merchant acquiring portfolio, enabling the bank to offer state-of-the-art payment solutions. Paytm gains access to a wider merchant network, furthering its mission of providing innovative technological solutions.

Sanjeev Moghe, President & Head, Cards & Payments, Axis Bank, expressed enthusiasm about the partnership, highlighting its potential to extend relevant business offerings to a larger merchant base. Paytm’s spokesperson emphasized the collaboration’s role in empowering merchants with technology and enhancing customer engagement and satisfaction.

Share Price Movement

One 97 Communications (Paytm) shares are trading at Rs 449.20, a 0.84% drop from the previous closing price of Rs 453.00. The share has made intraday highs and low of Rs 454.55 and Rs 448.05. Paytm’s share price has seen significant volatility in the past year, with a 52-week high of Rs 998.30 and a low of Rs 310.00. Currently, the stock is trading within a price band of Rs 407.70 to Rs 498.30

About Company

Paytm is India’s leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm’s mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.