Small and medium enterprises (SMEs) account for 40% of the Indian economy and face the most financial difficulties in finance, payments, and accounting. Managing a business is difficult, but it is even more difficult for SMEs since they need help to engage people to manage their finances.
They must rely on their knowledge and skill to complete the task. With so many alternatives available on the market, this might be challenging. One of the best ways out of this situation is to use a vyapar app.
Providing a free finance solution is changing the game for many business owners attempting to expand without the necessary procedures. The Vyapar app offers a comprehensive accounting solution to all SME business owners. It lets them manage their finances on a single platform that can be accessed on mobile devices.
A thorough market analysis showed that merchants wanted a banking and payment solution to make their businesses' growth easier. This led to the creation of the Vyapar app platform.
By providing instant loans, banking, value-added services, a range of payment modes, and reconciliation capabilities, the Vyapar App is improving the efficiency of business operations and aiding merchants in developing their enterprises.
Let's find out how the vyapar app download can help manage all your finance needs.
Accept payment via all modes
● Accepts all payment methods readily with cards (Tap N Pay), UPI, SMS Pay, and QR code
● Obtain settlements in real-time for UPI transactions and expand your business quickly
● To alleviate merchant anxiety about transactions, the Vyapar app download includes a built-in voice feature that notifies merchants of successful transactions
● It eliminates the need for any other way to keep track of transactions and a different device to get audio notifications
● Check the transactions deposited to your account for all your stores in a single view
● Digitally record, track, and collect past-due consumer payments using Pay Later
● Enable your workers to collect payments by designating responsibilities, such as cashier or manager, to their app logins
Pre-approved loans for your business
● Loan Offerings: Business Lending, Overdraft Facilities, and Credit Card Loans are a few available loan choices that may be tailored to your business's needs.
● Business Loan: You may obtain collateral-free loans of up to Rs. 75 lakhs at affordable interest rates to finance the rising demands of your business.
● Dukandar Overdraft Facility: A financial solution that simplifies the management of your everyday funding needs. Utilize an overdraft of up to 10 lakhs and only pay interest on the amount used. In addition, it does not need collateral and offers various repayment choices.
● Loan on Credit Card: Customers can obtain pre-approved loans using their credit cards to fulfil their immediate financial demands.
Grow your business with merchant app
● Vyapar app download for business solutions; you may create offers for your consumers
● Create deals for your consumers and distribute them via chat apps and social networks to increase foot traffic and revenue at your stores
● Publicize your business to attract consumers. Promote your business and communicate with your current and future consumers
● Recognize the purchasing patterns of your clients.
● Receive feedback via the feedback link on the customer's payment confirmation SMS and see customer ratings in the area devoted to shopping ratings
● Download reports on transactions and settlements and track company success by downloading transaction and settlement data for chosen periods from the Reports section
Make business payments digitally
● Digitally pay vendors and distributors with your Business Credit Card
● Pay GST and utility bills digitally at your convenience
● Receive credit for up to 50 days
● Utilize the simple payment option with a flat 1% interest rate
● Access tracking and reconciliation dashboards and reports
Self-employed individuals in India contribute significantly to the Indian economy. With the advent of the app, several businesses, retailers, and professionals may conveniently fulfil their banking needs anywhere and anytime. The entire merchant app seeks to enhance merchant interaction, user experience, and convenience greatly.
Recent years have witnessed significant advancement in the banking industry. No longer is cash the exclusive method of payment for purchases. Individuals have grown to rely on payment applications, which offer a cashless and contactless process of conducting transactions.
You can initiate digital transactions on a single platform with the HDFC SmartHubvyapar app, a merchant app. The complete program enables merchants and retailers to take quick cashless mobile payments via various digital ways on their mobile devices.
In addition, the application includes a dashboard for inventory management., an instant loan application facility, an understanding of consumer behaviors and more. So, what are you waiting for? Download the SmartHub Vyapar App from HDFC Bank today!