HDFC launches SmartHub Vyapar merchant app | Check benefits, use and other details

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 has announced the launch of SmartHub Vyapar Merchant app to fulfill the everyday business needs of merchants.

HDFC launches SmartHub Vyapar merchant app: HDFC Bank, one of India’s largest private sector banks has announced the launch of SmartHub Vyapar Merchant app, a comprehensive payments and banking solution designed to fulfill the everyday business needs of merchants.

Key features of SmartHub Vyapar include

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.

TRENDING NOW

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.
With an objective of supporting merchant to expand their business, SmartHub Vyapar has been embedded with a marketing tool which empowers merchants to broadcast their offers via social media to existing and potential customers.

In addition to accepting payments, Smart Hub Vyapar enables merchants to make payments to their distributors and vendors. Business expenses like payment of utility bills and GST can also be made through the Smart Hub Vyapar app.

SmartHub Vyapar platform has been designed following an in-depth market survey which indicated that merchants were looking for a comprehensive payments and banking solution that enables business growth. The SmartHub Vyapar App is improving efficiency of business operations and helping merchants grow their business by leveraging the full strength of the Bank’s lending, banking and value-added services in addition to a host of payment and reconciliation features.

Merchants get 24x7 support through the Bank’s Eva chatbot in addition to support made available via phone banking and the relationship management team of the bank.

TAGS:

HDFC Bank HDFC