Implementation of Digital Payments in a country as dynamic and diverse as India has been momentous. It has made payments easy, accessible, and simple. Although most of the urban demographic has integrated the use of a Payment Gateway and are familiar with the semantics, a sizable chunk of rural population is yet to adopt digital payments, while more than 50% of the MSME sector operates in rural areas of the country.

FinTech offers ease of use and access for both customer and merchants. MSME businesses can benefit immensely from the use of Payment Gateway. The merchant has instant access to accept payments from several different payment modes such as Credit/Debit Cards, Internet Banking, UPI, Wallet, etc.; view and track all transactions on a fully analytical dashboard.

Digital Payment opens access to the internet marketplace at large. It overcomes the limitations of a restricted demographic offered by a physical outlet. The high entry barriers of traditional banking sector are resolved by innovative FinTech products that offer low-cost payment devices, diverse payment methods like UPI, QR (Quick Response) codes, Payment Links, etc. The combination of measures can offer optimized solution for businesses of all sizes, especially MSMEs.’

Payment Gateway offers an economical and quickly scalable solution for MSMEs.’ The No Code Digital Payment Solution offers world-class security and optimized technology that allows easy integration. This saves valuable resource, time, and cost for micro enterprises looking for a digital scalable payment solution. From sole traders to established enterprises, Payment Gateway provides a seamless and reliable digital payment solution.

Credit availability is crucial to smooth functioning of a business in the MSME sector. With the rapid development of innovative Digital Payment solutions, several new features such as Buy Now Pay Later (BNPL), LendTech Digital Payments like Freecharge, Mobikwik, etc. offer easy access to credit options for a wider demographics compared to the loans offered by traditional banks.

MSME Credit Gap can be remedied with innovative digital payments solution. Payment Gateway provides the best digital payment platform for small businesses enabling them to collect payments via. multiple credit payment alternatives. Also, the P2P model allows lenders and borrowers in the digital marketplace to connect seamlessly for a quick and easy access to credit payments for businesses.

Micro businesses tend to be labour and resource intensive endeavours. Digitalization of previously unorganized sectors such as small-scale businesses and sole traders is crucial to cost effectiveness that leads to reduced wastage, improved work quality and safety, increase in productivity, and ability to tap into newer markets.

Payment Gateway offers a one-stop solution for digitizing payments for small businesses. It enables sole traders and micro businesses to accept and process digital payments from several different payment modes with ease while simultaneously providing the necessary digital infrastructure for unbanked sectors to become more secure and reliable. Accelerated expansion of the MSME sector in India can be achieved by enabling micro enterprises to adopt digital payments.

Access to the digital marketplace comes at a price, e-commerce businesses provide more than just a straight-forward service of exchanging a product or service for cash payment. There is a constant cashflow between several different stakeholders that enable digital payment processing in the form of payments, refunds, recurring payments like EMI (Equated Monthly Instalment), etc. Streamlining cashflow is essential to effective operation of business irrespective of the scale.

Payment Gateway provides the digital infrastructure to process digital cashflow for the business- accepting payments from several different payment modes such as credit/debit cards, internet banking, BHIM-UPI, Wallets, etc. Additionally, it helps process refunds and other payment processes for a smooth cashflow and allows merchants to view all the transactions in a fully analytical dashboard.