InstantPay introduces neo-banking services for SMEs
InstantPay has launched the first-of-its-kind Neo-banking services for SMEs.
With this new age branchless banking solution, SMEs will take advantage of managing all their payments, collections and reconciliation on a single and seamless interface. This will further enable SMEs to avail cash management and other financial services.
Shailendra Agarwal, CEO of InstantPay, said, "Driven by favorable government policies and flexible banking institutions, SMEs are increasingly contributing to the development of our country as well as offering employment. Our banking solution is designed to address the unique requirements of SMEs. It does away with the hassles of traditional banking process & policies and provides a seamless and user-friendly experience."
Amol Sonbarse, Head of Business, InstantPay, added, "We have got over a 1,000 SMEs in last one month on this platform. The response has been encouraging. We are confident that our banking service will find an instant connect with the SMEs. We are now ramping up operations to onboard over 50,000 SMEs on the platform by the end of FY20."