06 September 2024
PayMate, India’s leading digital B2B payments company, has partnered with NPCI Bharat BillPay Ltd. (NBBL) to launch the PayMate BBPS-B2B platform. This innovative platform aims to standardize and digitize commercial processes like invoicing, payments, and collections nationwide, creating an interoperable ecosystem between buyers and suppliers. The partnership targets 634 lakh MSMEs and 16.6 lakh corporates across India.
The NBBL BBPS-B2B platform offers a comprehensive solution for the entire invoice lifecycle, from customer onboarding, invoice generation, and financing to collections, payments, reconciliation, and settlement. It is designed to empower corporates, mid-market companies, and SMEs with features like business background checks, real-time invoice status visibility, access to multiple financiers, and streamlined reconciliation.
Through this platform, PayMate customers can connect with multiple lenders to find the best financing rates, driving business growth. It also provides access to a nationwide network of verified businesses, allowing faster background checks for enhanced security and efficiency. The platform supports e-invoicing, a one-stop payment collection solution, and real-time updates on invoice status between buyers and sellers.
PayMate, India’s leading digital B2B payments company, has partnered with NPCI Bharat BillPay Ltd. (NBBL) to launch the PayMate BBPS-B2B platform. This innovative platform aims to standardize and digitize commercial processes like invoicing, payments, and collections nationwide, creating an interoperable ecosystem between buyers and suppliers. The partnership targets 634 lakh MSMEs and 16.6 lakh corporates across India.
The NBBL BBPS-B2B platform offers a comprehensive solution for the entire invoice lifecycle, from customer onboarding, invoice generation, and financing to collections, payments, reconciliation, and settlement. It is designed to empower corporates, mid-market companies, and SMEs with features like business background checks, real-time invoice status visibility, access to multiple financiers, and streamlined reconciliation.
Through this platform, PayMate customers can connect with multiple lenders to find the best financing rates, driving business growth. It also provides access to a nationwide network of verified businesses, allowing faster background checks for enhanced security and efficiency. The platform supports e-invoicing, a one-stop payment collection solution, and real-time updates on invoice status between buyers and sellers.
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