Indian e-commerce payment system Paytm has unveiled Business Khata for merchants. The service caters to all kinds of businesses. Think of it as a ledger book for merchants.
Khatabook CEO, Ravish Naresh, claimed that the company has over 7 million monthly active merchants. Merchants will be able to maintain a digital ledger of their customer transactions, including cash and credit. Furthermore, Paytm merchants can set payment due dates for credit transactions and also send automated reminders. Consumers will get notifications with their billing history. They will be able to make payments through the same link.
Cofounder and product lead of Khatabook, Jaideep Poonia posted a welcoming tweet to Paytm. Paytm CEO Vijay Shekhar Sharma was also tagged in the tweet which said, “Let’s keep it fun.”