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Markets and Finance |
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PayU, Visa, Yes Bank launch new payment solution for merchants to cut costs, boost cash flow, digitise SMBs
02-Jun-2023
Credit and finance for MSMEs: Digital payment service provider PayU on Thursday announced a new programme in collaboration with Visa and Yes Bank for businesses’ digital payments and to support the digitisation of SMBs in particular. The programme Business Payment Solution Provider (BPSP) offers flexible commercial offerings, which reduce costs for merchants and helps improve cash flow by utilizing credit lines provided by their commercial card issuer bank, according to the company.
Also, it allows businesses to pay their vendors digitally, by supporting them to accept commercial card payments and automates supplier and buyer reconciliation. “BPSP supports the digitization of small and medium businesses in particular, enabling them to accept digital payments easily and facilitates easy credit access,” PayU said in a statement.
News Source:- https://www.financialexpress.com/industry/sme/msme-fin-payu-visa-yes-bank-launch-new-payment-solution-for-merchants-to-cut-costs-boost-cash-flow-digitise-smbs-3/3110806/
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