HDFC launches SmartHub Vyapar merchant app

SmartHub Vyapar facilitates instant, digital and paperless merchant on-boarding for HDFC Bank customers and allows merchants to accept interoperable payments across multiple payment modes which include Cards Tap & Pay, UPI and QR code. Merchants can also accept remote payments by sending a payment link over mobile or email to facilitate non face to face collections.

Payments received through UPI can be instantly credited to the bank account ensuring merchants get immediate access to sales receipts.

To reduce merchant anxiety around transactions, SmartHub Vyapar has been provisioned with an inbuilt voice feature informing the merchant of successful transactions, doing away with the need to track transactions through any other means including the need to have a separate device to receive voice-based notifications.

On the banking front, merchants can avail banking services like opening of fixed deposits, quick access to pre-approved loans and credit cards. Merchants can also get a real time view of all Smart Hub Vyapar transactions credited into their bank account.

“HDFC Bank is committed to support the growth of all merchants from large format chains to local kirana stores,” said Parag Rao, Country Head Payments, Consumer Finance, Technology & Digital Marketing.