The shift to digital B2B payments is unlocking greater transparency, faster transactions, and more efficient cash flow management: Founder, MD & CEO at PayMate
FinTech BizNews Service
Mumbai, 17 December, 2024: The year-end is just few weeks away from us. A lot has happened in 2024 for not just for B2C fintech players but also B2B fintech players. From regulatory shifts to the launch of groundbreaking solutions, B2B fintech companies have also shown remarkable adaptability and innovation despite evolving challenges. Given this backdrop, Ajay Adiseshann, Founder, MD & CEO at PayMate has shared some insightful reflections on how these changes have shaped the industry and how businesses are preparing for 2025:
"As we close 2024, the B2B payments space in India is experiencing a quiet yet powerful transformation. While consumer adoption has grabbed attention, a 'silent revolution' is underway in B2B payments, which is set to drive the next wave of economic growth.
The shift to digital B2B payments is unlocking greater transparency, faster transactions, and more efficient cash flow management. This increased visibility into payments is helping businesses—especially SMEs—gain better control over their working capital, while also providing financial institutions with the data needed to offer more tailored financial products. This is bringing many businesses into the formal financial ecosystem, enabling broader access to credit and finance."
With faster payments, transparent receivables, and improved access to capital, India’s economy will run more efficiently, accelerating growth across all sectors. Platforms like Bharat Connect are key to this transformation, connecting businesses across Bharat to digital financial solutions and playing a crucial role in driving inclusive economic development.
Looking ahead, the rise of digital B2B payments will not just empower individual businesses but will significantly fuel India’s economic engine in the years to come."
