kotak.biz - The Merchant App

Kotak.biz: Simplifying payment collection for merchants at no extra cost

Kotak Mahindra Bank introduces kotak.biz – a power packed app designed for merchants to accept payments on their smartphone via various payment modes including UPI, Bharat QR, online payment links (SMS Pay) and Debit/Credit cards (Tap on Phone).

All this, while ensuring the transactions are secure and encrypted end-to-end, with your trusted Kotak legacy backing it.

Why kotak.biz is not just any other payment collection app!

Paperless and quick onboarding

❖ The on-boarding journey is completely digital and paperless, making it super-fast and convenient. It is quick and simple to activate with no rentals and no installation charges.

Contactless and cashless/ Multiple payment collection modes:

❖ kotak.biz is a secure, cashless app that reduces your customers’ waiting time at check-outs
❖ Collect payments via QR, UPI, Credit/Debit Cards or online payment links. Get a physical QR to accept UPI payments as soon as you are onboarded on kotak.biz

Seamless and hassle-free transactions

❖ kotak.biz app is linked to your Kotak Current Account so the payments collected get transferred directly into your account

❖ No need to settle transaction batches manually. Transactions are settled automatically on the next day, 365 days including Sundays and public holidays

❖ Opt for Same Day Settlement facility to get your transactions settled the same day. Just settle the batched manually at 2PM or 5PM and your money will be credited in just a few hours

❖ Get app notifications and voice alerts after every successful transaction for efficient tracking

❖ Voice alerts available in 8 languages, so you can choose your preferred language

❖ No hassle of maintaining offline transaction records. Check digital reports anytime on your smartphone with all your transaction history in one place!

Best-in-class/Exciting features

❖ Add up to 6 staff members on the app and allow them to collect payments on your behalf

❖ Raise queries/service requests on the app itself and get hassle-free priority support

❖ Apply for Business Loans, Overdrafts and Business Credit Cards directly through the app

❖ Digitally record all pending dues and collect outstanding payments using the Khaata feature

❖ Access full details and watch tutorial videos in the FAQ section to know more about kotak.biz and its features

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