PayMate announced its partnership with NPCI Bharat BillPay Ltd to launch the innovative PayMate BBPS-B2B platform

The innovative PayMate BBPS-B2B platform was launched by PayMate, a digital B2B payments startup located in Mumbai, in collaboration with NPCI Bharat BillPay Ltd. (NBBL). By creating an environment that is compatible with suppliers and buyers, the BBPS-B2B platform aims to facilitate the widespread standardisation and digitisation of business procedures linked to invoicing, payments, and collections throughout the country. 

The collaboration seeks to serve 16.6 lakh corporate clients and 634 lakh MSMEs in the nation. The NBBL BBPS-B2B platform provides a comprehensive solution for all of the problems associated with the invoice lifecycle—from client onboarding, invoice production, financing, collections, and payments, to reconciliation and settlement. The platform's purpose is to enable corporate, mid-market, and small and medium-sized enterprise clients to transact business. 

Business background checks, real-time visibility of invoice status between buyer and supplier, access to several financiers, and expedited reconciliation procedures are some of its distinctive characteristics.

PayMate is a business payments platform that offers solutions for businesses in the following areas: tax, bill payments, rental collections, accounts payable, accounts receivable, invoice discounting, cross-border payments, and integrated financing. The organisation assists companies of all sizes in increasing financial efficiency across a range of sectors, optimising working capital, and paying suppliers on schedule. 

PayMate will increase its product options and provide more value to its clients as a result of the relationship with NBBL.