Marg ERP and Paytm partner to resolve payment issues of MSMEs in India

By Edil Corneille

Marg ERP has announced its partnership with Paytm to facilitate seamless transactions for MSMEs in India. Under the joint venture, the duo aims to empower MSMEs using the new integrated payments solution called MargPay developed by MARG ERP Limited. The technological advancement will reconcile payments efficiently in a cost-effective manner by enabling MSMEs to keep track of all their receipts and payments made through multiple payment methods.

Krishnam Raju, CEO – Marg ERP Limited said, “…MARGPAY is an easy to use platform with user friendly interface. It will also be very easy for merchants to connect it with their billing and accounting system with minimum effort. Furthermore, this partnership of two digital giants of the country will also extend to Paytm Payments Bank Limited powering Marg Pay’s nodal bank account.”

Paytm Payment Gateway offers several services such as Payouts & Recurring payments, OTP less card payments, instant refunds, and pre-authorisation flow that addresses the needs of both B2B and B2C companies. The Paytm Payments Gateway allows merchants to enjoy real-time bank settlement and is based on anti-fraud technology to ensure secure payments. It also provides a strong dashboard to see the payments received and bank settlements.

Saloni Malhotra, Vice President – Paytm said, “It has been our constant endeavour to empower MSMEs across the country with the best payment acceptance and reconciliation solutions to help them join the digital ecosystem. We want to enable them with technology solutions that help them maintain their records and also aid in expanding their businesses. With this partnership, with Marg ERP, we aim to reach a step closer to Atmanirbhar Bharat, where MSMEs have all the digital means to become self-reliant.”

MARG started its journey in 1992 and was founded in the year 2000. For over two decades, it has focused on providing inventory and accounting software that could drive the progress for clients and enhance their business solutions.