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The National Payments Corporation of India (NPCI) Bharat BillPay has introduced a pioneering digital platform that links invoices directly to payments. This innovative framework is designed to alleviate the credit bottlenecks that many MSMEs encounter. By digitizing the order-to-cash cycle with standardized APIs and automating reconciliation, the system transforms buyer-confirmed invoices into fundable records. This development aims to enhance MSME efficiency and promote growth within the formal sector.
