kotak.biz - The Merchant App 3.5.1

Kotak Mahindra Bank has launched kotak.biz, a comprehensive app tailored for merchants to facilitate payments on their smartphones through various modes including UPI, Bharat QR, online payment links (SMS Pay), and Debit/Credit cards (Tap on Phone).

The app ensures secure and encrypted end-to-end transactions with the trusted backing of Kotak legacy. Here's why kotak.biz stands out:

• Paperless and quick onboarding: The digital and paperless onboarding process is swift and convenient, requiring no rentals or installation charges.
• Contactless and cashless with multiple payment collection modes: Offer a secure, cashless experience and reduce customer waiting time at cashiers by accepting payments via QR, UPI, Credit/Debit Cards, or online payment links.
• Seamless and hassle-free transactions: Payments collected through kotak.biz are directly transferred to your Kotak Current Account. The app ensures automatic settlement of transactions daily, even on Sundays and holidays.

Some key features of kotak.biz include:

• Adding up to 6 staff members to collect payments
• Priority support with the ability to raise queries/service requests in-app
• Direct application for Business Loans, Overdrafts, and Business Credit Cards
• Digital recording of pending dues and outstanding payments using the Khaata feature
• Access to detailed information and tutorial videos in the FAQ section

Additionally, voice alerts in multiple languages, hassle-free access to transaction records, and real-time transaction notifications enhance the user experience.

No installation or rental fees are levied for using kotak.biz. Merchants only pay nominal MDR charges when customers make payments using cards or Net Banking. For detailed information on MDR charges and terms, merchants can refer to the subscription page during the onboarding process.

To learn more about kotak.biz, visit their official website here.