Safexpay, a digital payments company, has launched NeuX, a neo-banking platform for MSMEs, corporates and B2B businesses.
According to an official release, NeuX’s objective is to transform the B2B payment and workflow landscape by offering banking and business solution management. From what it’s understood, the company intends to target 50-70 million merchants in the key sectors to provide B2B digital solutions. Additionally, the platform seems to have been developed to manage approximately one billion rupees per year payment transactions.
It’s believed that NeuX can facilitate payments through payouts, along with providing a value-added services layer atop existing payout platforms. Sources suggest that it provides businesses with access to a platform that simplifies operations, encompassing purchase and sales management, inventory control, and dashboards. Reportedly, customised to the requirements of companies aiming to scale their operations, improve efficiency, and enhance accessibility and convenience, NeuX can offer a 3600solution. Moreover, NeuX is expected to meet the needs of MSMEs across sectors, including FMCG, pharma, agriculture, e-commerce, among others.
“I believe NeuX marks a step towards consolidating the B2B digital payments and value-added services ecosystem under one roof, enabling businesses to manage workflows and other tasks. We aim to extend this service to businesses that will assist in accelerating their growth along with the country’s growing economy. We intend to empower them in their transition from offline to online operations, thereby streamlining their business processes and payments,” Ravi Gupta, founder and CEO, Safexpay, said.
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