BharatPe – India’s first Fintech start-up enabling payments for merchants through interoperable UPI QR codes, has announced its foray into merchant services with a new app. Along with UPI payments, the app now allows merchants to manage their entire Bahi Khata and even note receivables and payables seamlessly.
- The newly launched app also helps the merchants to network and collaborate with other BharatPe merchants near them to expand their businesses.
- The major features on BharatPe’s app for merchants are: UPI Khata (Ledger), Managing Supplier Bills, Cashback, Settlements and Refer and Earn.
- The mission of this initiative was to resolve the concerns of the small and medium merchants and offer them with an adequate platform to digitally handle their businesses.
- ‘Bharatpe for Merchants’ allows merchants to keep a track of their cash/credit (Udhar) sales customer wise, to request the accounts receivable from customers through SMS (Short Message Service) payment links or through WhatsApp and to record accounts that are payable to suppliers.