B2B payments provider Paysharp is planning to expand its offering by providing enterprise-grade support so that businesses need not hold back on digitalisation for lack of a seamless payment solution.
On offer now is a ₹12 flat charge for all transactions beyond ₹2,000, it said, adding this was less costly for users than paying a percentage per transaction.
“Small to big companies in the B2B sector in India are still making their payments manually by logging into the Internet banking portals of different banks. At times, they even make the payments via cheques. This means more time and resource consumption for all payments and reconciliation,” said Krishna Kumar, CEO, Paysharp.
According to him, several companies choose manual payment solutions due to huge transaction costs, which runs into .thousands and lakhs of rupees, even if the charge is just 1% and thus impacts profit margin.
Paysharp is providing an alternative model in the cashless economy for enterprises that are holding back their digital leap due to worrying percentage models. A flat fee payment solution for NEFT, RTGS, and IMPS payments along with enterprise-grade automated reconciliations will make Paysharp attractive to B2B businesses, he said.
You have reached your limit for free articles this month.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Support Quality Journalism.
*Our Digital Subscription plans do not currently include the e-paper, crossword and print.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
Please Email the Editor