HDFC Bank launches SmartHub Merchant Solutions 3.0 for SMEs

MUMBAI: HDFC Bank declared the dispatch of SmartHub Merchant Solutions 3.0, in Wednesday. This arrangement permits dealers and independently employed experts to in a flash open a current record and begin tolerating installments available, on the web, and in a hurry.

The Bank intends to connect with more than 20 million little and medium dealers and expert administrations like specialists, drug stores, salons and clothing administrations across metro, semi metropolitan and provincial India in the following three years.

The dealer arrangement was dispatched at a virtual function held in Mumbai by Parag Rao, Country Head – Payments, Consumer Finance, Marketing and Digital Banking at HDFC Bank alongside T R Ramachandran, Group Country Manager, India and South Asia, Visa.

SmartHub 3.0 will be accessible in application based, electronic and a scope of PoS gadgets and will have highlights like digitizing Khata, empowering assortment updates, stock administration, charging programming and loaning to traders’ premise their financial history.

Key highlights:

Moment account opening and shipper arrangement

Installment assortment through any mode – Bharat QR code, Aadhaar Pay, UPI, SMS Pay, Credit or Debit Cards, or any application, for example, Payzapp, Google Pay

Redo interface in nine dialects

Offer item index with clients by means of SMS, email or Whatsapp

View and apply for advance and Mastercard offers

Single dashboard perspective on installments and levy across areas

Fragment explicit Value Added administrations like stock administration for basic food item dealers, EMI for Electronic traders, charging, stock and updates for drug vendors to give some examples

Shippers can likewise make their own client dedication program on this arrangement. They can run their own ‘discounts and offers’ for their clients.

In an announcement, Parag Rao, stated, “To deepen the penetration of digital forms of payment across India, it is important that the merchant network is empowered with the range of solutions. Greater adoption of digital platforms by SMEs is a critical step in achieving the objective of Digital India. We embarked on this journey 18 months ago and have enhanced our offering based on feedback from our merchant network.”

“SmartHub 3.0 allows users to accept payments in multiple forms, including QR and our tap to phone solution, allowing millions of merchants to offer a superior customer experience and grow the business,” said TR Ramachandran, in an announcement.