- OPEN is one among the first few Indian fintechs to offer Bharat Billpay for Business on the Open Money platform.
- Business-to-business (B2B) payments get simplified for over 40 lakh Indian businesses who use Open Money, a connected finance platform that empowers businesses to manage all their business finance systems, right from banking to accounting in one place.
Mumbai, 28th August 2024: OPEN, a leading fintech that offers an all-in-one finance platform for SMEs to automate their finances, has launched Bharat Billpay for Business in partnership with NPCI Bharat BillPay Limited (NBBL). With this launch, OPEN became one among the first few Indian fintechs to offer Bharat Billpay for Businesses.
Bharat Billpay for Business is a cutting-edge platform developed by NBBL that streamlines B2B transactions by enabling businesses to manage and pay invoices via an interoperable network connecting ERP systems, accounting software, and banks within the Bharat Billpay network.
Over 40 lakh businesses who use Open Money can now effortlessly generate invoices that are instantly available to their clients through their accounting software, bank, or ERP systems for instant payment and reconciliation. Likewise, when businesses receive bills from vendors or suppliers via Bharat Billpay for Business, the bills are automatically displayed in the payable section, eliminating
the need to download them from emails or manually enter the bill details.
“We are thrilled to partner with NBBL to bring the power of Bharat Billpay for Business to businesses across India. This collaboration represents a significant step towards simplifying financial operations for businesses by seamlessly integrating invoicing, payments, and financial automation,” said Anish Achuthan, Co-founder & CEO of OPEN.
