MUMBAI: NPCI Bharat BillPay has proposed a centralised digital infrastructure to connect invoices, payments, reconciliation and financing, to fix the biggest constraints on MSMEs - the difficulty of turning sales into cash and cash flows into credit.

India's MSME sector faces a significant formal credit gap, with existing channels meeting limited debt demand. A new digital layer can connect businesses, banks, and payment…

MUMBAI: NPCI Bharat BillPay has proposed a centralised digital infrastructure to connect invoices, payments, reconciliation and financing, to fix the biggest constraints on MSMEs…