New Delhi : Private lender HDFC Bank has launched a new app called ‘SmartHub Vyapar’ for small and medium merchants. The app will have over 25 features and aims to help small and medium merchants to grow business, accept digital payments and get instant business loans.
Keeping the privacy and security in mind, the app will not share data with third parties. In addition, the data is encrypted for high security. This added feature helps keep sensitive data such as personal information and account details away from hackers and thieves.
Benefits of SmartHub Business
It is a one-stop platform to provide all the banking and business solutions that a merchant needs to run the business.
Merchants can accept digital payments from multiple sources like UPI QR Payment, Debit and Credit Cards, Tap N Pay, UPI, QR Code and SMS Pay.
(Tap N Pay feature – This allows to accept contactless card payments on NFC-enabled devices.)
It provides in-depth insight and overview of all transactions across all types of factors in a single view.
Merchants can get pre-approved loans based on requirements like business loans, credit card loans and overdraft facility.
It provides instant, digital and 100% paperless onboarding experience to existing HDFC Bank digital current account holders.
Traders will get round the clock support with Eva Chatbot and help merchants access the help center to get their issues and queries resolved.
The special feature is the commercial credit card which allows you to easily manage your business expenses and pay your distributors digitally.
