SystemSePay Unveiled at Global Fintech Festival 2024: A Game-Changer for B2B Transactions

SystemSePay, an innovative invoice-based payments system, was showcased at the Global Fintech Festival 2024. The platform promises to revolutionize the B2B payment landscape by offering an array of automated features, diverse payment options, and advanced financial management tools, ensuring efficient and secure business transactions.

SystemSePay, an innovative and fully interoperable invoice-based payments system, was unveiled at the prestigious Global Fintech Festival (GFF) 2024. The event in New Delhi was officiated by key figures including Sunil Ghumatkar, Managing Director; Vishal Shetty, Director of Product Development; and Gopal Rohra, Director of Technology.

The platform aims to transform the B2B payments landscape with a comprehensive suite of features designed to streamline and automate business transactions. Businesses can seamlessly onboard as buyers or sellers, generate unique B2B IDs, and manage invoices efficiently. Key functionalities include raising, sending, and receiving invoices, along with processing them directly within the system. Additionally, users can accept or reject invoices, receive acknowledgements, and send automated payment reminders, ensuring timely and accurate settlements. The platform also supports diverse payment methods such as UPI, net banking, and cards and plans to introduce invoice discounting in its next phase.

As a Participating Agent Institution under NPCI-Bharat Bill Payment Limited (NBBL), with Axis Bank as its operating unit, SystemSePay is positioned to facilitate fully connected B2B transactions across multiple banking systems. This platform was highlighted at the event as a critical component of India's digital payments infrastructure, offering unprecedented ease and security in business transactions. "SystemSePay is more than just a payment platform; it represents a groundbreaking leap in the digital transformation of India's B2B sector," emphasized the event speakers.

(With inputs from agencies.)