Friday, June 5, 2020

Kiranas adopting digital ledger service to avoid cash, transact Rs 1500 crore through Paytm Business Khata

Must read

Discovery Plus releases music video celebrating ‘Wild Karnataka’;

Bangalore, June 04, 2020.How does one capture the sound bustling life thriving deep inside the jungles? What dulcet...

Likee collaborates with VYRL Originals to promote Lisa Mishra’s soul-stirring single ‘Nai Chaida’

New Delhi, June 2020.Likee, the pioneering short video platform by Singapore-based BIGO Technology Pte Ltd, has once again...

Jubin Nautiyal’s new song ‘Meri Aashiqui’ goes viral

New Delhi, June 04, 2020.Jubin Nautiyal unveiled his song 'Meri Aashiqui', which has taken the internet by storm....

&flix Brings The Reboot Of The Flix First World Television Premiere Of ‘The Grudge’

New Delhi, June 04, 2020.When someone dies in the grip of rage, a new curse is born! And...

Mumbai, 22nd May’2020.

India’s leading financial services company Paytm has today announced that ‘Business Khata’ has become India’s fastest-growing e-ledger service. As more kirana stores are adopting digital transactions to avoid cash, Paytm has recorded over Rs. 1500 crores of payments since the launch of its Business Khata services in January this year. During the ongoing lockdown, the service has witnessed 4x growth both in terms of new merchants and the total number of daily transactions.


Paytm has revolutionized the offline payments with it’s QR based merchant payments. The company launched Business Khata to enable kirana store partners to maintain digital ledgers of all their customer transactions including cash and credit (udhaar). Using this service, a million merchants have moved digitally and have also learned to set payment due dates for credit transactions & send automated reminders. With this, the customers receive a notification with their billing history, and they are able to make payments through the same link through their preferred mode of Paytm Wallet, Paytm UPI, cards, or net banking.

Sajal Bhatnagar, Vice President at Paytm said, 
“Paytm Business Khata has become an essential service for kirana stores as it automates their manual cash collection. It has helped them to significantly improve cash flow and clear their sales outstanding digitally. We are overwhelmed with the growth achieved and will work towards educating more kiranas about its convenience.”


Paytm Business Khata service is absolutely free for merchants and they can download the ‘Paytm for Business’ app to use this service. They can also download reports for easy verifications and to track daily sales growth; thereby improving overall business efficiency.

More articles

Latest article

CRPF to plant 22 lakh saplings on World Environment Day

New Delhi, June 5 2020.The Central Reserve Police Force (CRPF) will plant 22 lakh saplings to augment the...

Chandra Grahan 2020.

New Delhi, June 05, 2020.The second lunar eclipse also known as Chandra Grahan is set to appear on...

World Environment Day 2020 reminds people to ‘Celebrate Biodiversity’

New Delhi, June 05, 2020.Celebrated every year on June 5, World Environment Day, is the United Nation's (UN)...

FICCI provides a Rational Costing Solution for COVID Treatment at Private Hospitals

New Delhi, June 4, 2020.In an effort to serve with transparency, ethics and compassion, despite the strain...

Global FATitudes™ study finds consumers closely monitor fats, oils in packaged food

National, India, June 4, 2020.Most consumers (68 percent) across the world report closely monitoring the type and amount...