As a developing nation, SMEs and startups play an important role in the economic development of our country, making India more competitive. The sector is also known as India’s “engine of growth”.
Therefore, it is crucial to support SMEs to meet their financial needs by thinking beyond traditional banking and to offer them a banking platform where they can leverage full-stack banking services. And this is where InstantPay fits well.
As a neo-banking platform, we are reinventing services offered by traditional banking institutions for the greater good. Our platform simplifies banking and makes banking efficient for medium to small enterprises and startups which are the biggest driving force for the Indian economy.
How InstantPay Platform Supports Businesses of All Types & Sizes
Most small and medium-scale businesses suffer from financial restraints, manpower, and time crunch, due to which they miss out on lucrative growth opportunities. We understand the unique challenges faced by the MSMEs and provide powerful, scalable solutions to benefit the sector.
1. Digital current account to suit every business
To encourage more and more businesses, our platform allows opening a zero balance digital current account online within minutes. Besides, the account comes with a future-ready card that makes banking, payments, and expense management easy and efficient. Additionally, you can give more power to your business by connecting your existing banking accounts with the InstantPay platform.
The platform simplifies online transactions and fund management while allowing easy tracking of cash flow. In short, you won’t have to worry about maintaining a minimum balance with your current account while managing your cash flow effectively.
2. Instant & efficient payments
With the InstantPay platform, sending and receiving money from one bank to another becomes easy. Want to collect money from customers? Need to make payments to vendors? Or wish to pay your bills? You can manage it all from the online platform.
It allows you to make payouts to your vendors timely and collect money from your customers, anywhere through multiple banking options available on the platform. Whether you are a small business or a large enterprise, the InstantPay platform streamlines all your payments process so as to enable you to run your business smoothly.
3. Transparency in all your financial transactions
A stitch in time saves nine. This adage holds even for businesses. For efficient management of funds, you must keep a close watch on all your financial transactions and focus on areas that need attention.
The InstantPay platform allows you to access all your payments and receivables in one place. With its smart reporting system, it helps you to track the flow of funds easily and monitor money movement, ensuring transparency in all your business transactions.
4. Make banking a better experience
To make banking a better experience, the InstantPay platform offers you the right mix of ease, convenience, and security in every transaction you perform. It has been designed to give a seamless payments experience while allowing you to manage all your transactions on the go. Additionally, you can leverage its unique offering designed to cater to the unique needs of today’s businesses.
To sum up
InstantPay’s open banking platform enables businesses to avail banking and financial services that have been typically enjoyed by large enterprises to date. You can easily get started with our online platform and perform digital banking in a more convenient, easy, and efficient way. Moreover, with an overdraft facility, you can manage cash crunch and tap new market opportunities at the right time.