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How NPCI's Bharat Connect aims to streamline B2B payments for small businesses

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How NPCI's Bharat Connect aims to streamline B2B payments for small businesses

NPCI Bharat Connect, formerly known as NPCI Bharat BillPay, is developing an interlinked payments platform for small businesses in India. The platform aims to provide a digital infrastructure for the 63 million micro, small, and medium enterprises in the country. By enabling interoperability across systems, Bharat Connect aims to streamline operations, reduce payment tracking time, and resolve disputes for small businesses. The platform, launched at the Global Fintech Fest in September 2024, is currently in the final phase of development and has been well-received by bankers. The pilot phase has seen positive results, and the platform is expected to have a significant impact on B2B payments in India.

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