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Report: MSMEs need digital infra
MUMBAI: NPCI Bharat BillPay has proposed a centralised digital infrastructure to connect invoices, payments, reconciliation and financing, to fix the biggest constraints faced by MSMEs - the difficulty of turning sales into cash and cash flows into credit. The system could help address the MSME sector's Rs 60 lakh crore formal credit gap, while reducing the friction involved in collecting and matching payments.
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economictimes.indiatimes.com
Centralised interoperable digital layer can help bridge Rs 60 lakh crore MSME credit gap: Report
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…
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timesofindia.indiatimes.com
NPCI Bharat Bill Pay proposes new infra to fix MSME's collection problems
