3 Indian B2B payment platforms to look out for in 2024

By Gloria Mathias

Payments are an integral part of every individual’s life, be it offline or online, and with the digitization of the transaction ecosystem, the magnitude of payments taking place every minute has surged at an unprecedented rate. With UPI and its interoperability, transactions of all kinds can be carried out seamlessly without hindrance.

However, for payments to be a hassle-free phenomenon, technology providers facilitating payments need to be equipped with the latest next-gen technology and data stack to make transactions through all channels and mediums a simplified experience.

According to an IBS Intelligence report, more companies are asking banks for embedded financial experience than ever before. It’s expected that APIs will have the biggest impact on B2B payments over the next two to three years, with both larger (51%) and smaller (39%) companies identifying this as their top choice.

Listed below are 3 emerging FinTech platforms streamlining B2B payments in India:

• KoPayments

Kopay is the omni-channel payment gateway in India. This FinTech is helping bridge the gap between Indian merchants and their consumers, both domestic and overseas. It offers a faster, more affordable, and secure way for merchants to accept payments online through various avenues including all major Credit Cards, Debit Cards, Net banking, Wallets, and UPI. Kopay aims to transform online payments by providing seamless, developer-friendly APIs and hassle-free integration for all businesses

• Cashlesso

Cashlesso revitalises business and personal transactions most safely and efficiently. Cashlesso enables the use of an automated payment gateway for a premier customer experience. Customised just for the Cashlesso allows a swift and easy way to collect and disburse payment. It is a one-stop solution for all types of digital monetary transactions and is thriving to be the foremost payment gateway in India, revolutionising money management for online businesses.

• PayGoal

PayGoal is owned by Paygoal Business Solutions Private Limited, incorporated in 2021, with headquarters in Delhi, India. Its main objective is to promote the nation’s mission of Digital India. The FinTech company was founded by veterans of the payment industry with experience spanning more than 8 years while making a niche for themselves as Fintech enthusiasts. After serving distinguished FinTech unicorns, they have now come together to build PayGoal with a mission to revolutionise the payment ecosystem and enhance the cashless economy.