Merchant App - PWR 30

Introduction

The Merchant App - Pay With Ring (PWR) is a payment app designed for merchants, enabling them to easily receive payments from any UPI app. It also provides efficient financial tracking and management tools, as well as hassle-free loan options to support business growth.

Accept payments from any UPI Apps

The Merchant app offers a fast and secure method of receiving payments through unique QR codes. Merchants can effortlessly accept payments from popular UPI apps such as Google Pay, PhonePe, Paytm, BHIM, Amazon UPI, and over 100 other banking apps.

Track and Manage your funds and expenses

In addition to payment acceptance, the Merchant app also provides an expense tracking feature that aids in monitoring expenses, budgeting effectively, and managing finances. The expense tracker helps users keep track of their spending, manage expenses, and set daily, weekly, monthly, and yearly budgets to save money more efficiently.

Avail loan and grow your business

The Merchant App - Ring collaborates with the RBI registered NBFC (Si Creva Capital Services Pvt Ltd) to offer loans to merchants facing various financial needs such as last-minute expenses or working capital requirements. The merchant loans range from Rs. 5,000 to Rs. 5,00,000 and come with affordable interest rates ranging from 15% to 25% p.a. The processing fee for these loans is in the range of 2% to 5% for tenures up to 24 months. Loan approval is based on transaction volume generated through QR codes and other credit parameters including bureau score, vintage of the merchant, merchant profile, and working cycle.

Example of a Ring merchant loan:

• Loan amount (Principal): ₹ 30,000
• Tenure: 12 months
• Interest Rate: 18% per annum
• Processing Fee (incl. GST): ₹ 750 (2.5%)
• Total Interest: ₹ 3,005
• EMI: ₹ 2,750
• APR: 22.91%
• Loan amount is ₹ 30,000. Disbursed amount is ₹ 29,250.
• Total loan repayment amount is ₹ 33,000.
• Total Cost of the Loan = Interest Amount + Processing Fees = ₹3005 + ₹750 = ₹3755.

Top category & Businesses who have used Merchant app to manage and receive payments and availed instant credit from Merchant app:

• Instant credit for Kirana Shop, Grocery Store
• Instant loan for Mobile Recharge & Electronics Shops
• Quick Credit for Bakery, Snacks & Juice Shops
• Personal online credit for Medical Store, Local Pharmacy
• Instant Cash Street vendors, Fruits and Vegetable shops
• Personal loan for Garments & tailor shop
• Small business loan for Jewellery shop

Features & Offerings:

• Receive payments from any UPI App with a single QR code
• Instant credit only on your PAN Card Number & Digital copy of your Aadhaar Card
• Loan Disbursal within 5 minutes
• Multiple Repayment Options
• Track and manage your money & expenses in one place
• Control your spending, budget, and save more money using this expense tracker

Documentation:

• PAN Card Number
• Digital copy of Aadhaar Card

How to register with Merchant App:

• Install the Merchant app
• Register with your contact number
• Enter basic details & complete your online KYC
• Enter bank details
• Keep accepting payments through Merchant QR codes and start managing & tracking your expenses and avail of instant merchant loans.

Contact us:

• Call: 022 4143 4302
• Email: [email protected]
• Address: 2nd Floor, Der Deutsche Parkz, Nahur West, Mumbai, MH-400078

Disclaimer:

The application is SSL certified, and all transactions are 100% safe and secure.