PayMate launches innovative BBPS-B2B platform in partnership with NPCI Bharat BillPay Ltd.

PayMate has launched the PayMate BBPS-B2B platform in partnership with NPCI Bharat BillPay Ltd. to simplify and standardize B2B payments and collections in India. The platform aims to benefit MSMEs and corporates by offering features such as real-time invoice status, multiple financing options, and enhanced security through background checks.

PayMate, India's leading digital B2B payments company, has unveiled its PayMate BBPS-B2B platform in collaboration with NPCI Bharat BillPay Ltd. (NBBL). This pioneering initiative is designed to simplify, standardize, and digitize B2B payments and collections nationwide.

The platform targets MSMEs and corporates by addressing the full invoice lifecycle, including customer onboarding, invoice generation, financing, and reconciliation. PayMate also ensures real-time invoice status visibility and provides access to a network of verified businesses for enhanced security and efficiency.

Ajay Adiseshann, Founder, MD & CEO of PayMate, emphasizes that the collaboration is set to revolutionize B2B transactions, streamline operations, and drive growth for Indian businesses.

(With inputs from agencies.)