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SmartHub Vyapar App for merchants from HDFC Bank

HDFC Bank announced the launch of SmartHub Vyapar Merchant app, a comprehensive payments and banking solution designed to fulfill the everyday business needs of merchants. 

If you are a merchant and would like to go for a digital business with potential benefits then this piece of info will help you.

SmartHub Vyapar App has been developed by HDFC Bank in partnership with Mintoak Innovations India Pvt. Ltd which is a merchant SaaS platform with a modular product offering to help banks connect with their merchants.

HDFC's SmartHub Vyapar facilitates instant, digital and paperless merchant on-boarding for its 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.

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

In addition, 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.

In addition to accepting payments, SmartHub 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 SmartHub Vyapar app.

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.