NPCI Unveils Bharat BillPay for Business & UPI Circle

Hey Payments Fanatic!

RBI Governor Shaktikanta Das has launched two innovative digital payment solutions, developed by the National Payments Corporation of India (NPCI), at the Global Fintech Festival 2024.

These include Bharat BillPay for Business, which aims to streamline B2B transactions across various accounting platforms, and UPI Circle, enabling users to delegate payments.

Bharat BillPay for Business is set to revolutionize B2B payments by offering a unified, interoperable platform for businesses. It simplifies invoicing, automates reminders, and enhances payment processes, benefiting businesses of all sizes.

UPI Circle allows primary UPI users to delegate payment responsibilities to trusted secondary users within predefined limits, adding flexibility and convenience to digital transactions.

The solution was demonstrated using UPI-enabled apps like BHIM at the event.

These launches reflect NPCI's commitment to advancing India's digital payment ecosystem by enhancing inclusivity, security, and efficiency.

Cheers,

Marcel

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GOLDEN NUGGET

"𝐓𝐡𝐞 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐰𝐡𝐞𝐧 𝐦𝐚𝐩𝐩𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞" - Interview of Juan Pablo Ortega, Founder & CEO of Yuno 👇

In my recent conversation with JP, we delved into 𝐭𝐡𝐞 𝐢𝐧𝐭𝐫𝐢𝐜𝐚𝐜𝐢𝐞𝐬 𝐨𝐟 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 and how to best navigate the complexities related to it. From the foundational setup of traditional systems to the emerging importance of 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐎𝐫𝐜𝐡𝐞𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧, Juan shared invaluable insights.

We explored the global and local challenges businesses face in mapping out their payments landscape. As Juan emphasized, understanding and controlling your 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐝𝐚𝐭𝐚, 𝐫𝐨𝐮𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧𝐬 is crucial for creating a resilient and adaptable infrastructure.

One standout takeaway? 👇

The concept of a 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐎𝐫𝐜𝐡𝐞𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐋𝐚𝐲𝐞𝐫 — a dynamic system that seamlessly integrates various payment methods and gateways, ensuring a smoother, more efficient transaction process.

If you're building or refining your payments strategy, these are key considerations to keep in mind.

𝐖𝐡𝐚𝐭'𝐬 𝐲𝐨𝐮𝐫 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝐢𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐭𝐨𝐝𝐚𝐲? -- think carefully and please don't hesitate to share!

Very dynamic and fun interview! Juan Pablo Ortega and Yuno, THANK YOU for the time and insights!

More to come in this format, all feedback is welcomed 🙏

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