How technology is streamlining B2B payment landscape in India
Bharat Connect for Business. Developed by NPCI Bharat BillPay Limited (NBBL) and formerly known as Bharat Bill Payment System (BBPS), Bharat Connect offers a comprehensive “Anytime, Anywhere Bill Payment” solution. The platform has already revolutionized bill payments in India by providing a unified platform for seamless interactions between billers and customers.
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Now, with the introduction of Bharat Connect for Business, the focus shifts toward transforming B2B invoicing, payments, collections, settlements, and reconciliations.
Why Bharat Connect for Business?
Indian businesses have long struggled with outdated and inefficient payment processes. Managing payments across fragmented tools such as ERP systems, payroll software, and banking platforms led to manual tasks, siloed workflows, limited cash flow visibility, and delayed payments.
As a result, B2B payments ended up with various challenges, including:
Increased risk of errors
Delayed vendor payments
Overdue collections
Time consuming reconciliations
These inefficiencies have made it difficult for Indian businesses to manage cash flow and maintain healthy financial operations. Bharat Connect for Business addresses these issues by connecting ERPs and payment systems seamlessly, eliminating the need for manual intervention.
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