Chennai-based tech firm Zoho has unveiled its latest innovation, Zoho Payments, at the Global Fintech Fest on August 29. This new unified payment solution is set to simplify online transactions for businesses, allowing them to accept payments seamlessly from customers.
In addition to Zoho Payments, the company has introduced advanced B2B payment features, leveraging the Bharat Bill Payment System (BBPS) from NPCI Bharat BillPay Limited (NBBL). These capabilities aim to streamline invoice management and payments, offering standardized invoice presentment, multiple payment options, instant confirmations, and a unified platform for invoice processing and reconciliation.
Sivaramakrishnan Iswaran, Zoho’s Global Head of Finance and Operations BU, highlighted the integration of these features as a significant step towards a holistic financial management solution, aligning with Zoho’s vision of interconnected business finance, banking, and payments.
This development marks a significant advancement in the fintech sector. Stay tuned for further updates.
