Cashfree Payments brings ‘Embedded Payments’ to streamline payments for businesses

By Gloria Mathias

Cashfree Payments, India’s payments and API banking company launched ‘Embedded Payments’, India’s first platform-centric payment solution for software platforms. This solution equips software platforms with the tools to facilitate seamless payment experiences for businesses, thereby fostering growth.

Akash Sinha, CEO and Co-Founder of Cashfree Payments said, “Innovation is the driving force behind everything we do at Cashfree Payments. We are thrilled to introduce Embedded Payments, India’s first platform-centric payment solutions which align with our objective of making payments seamless for both businesses and end consumers. We have built a cutting-edge solution for platforms to make these integrations easy and offer a seamless solution to effortlessly onboard businesses and manage their accounts and payments.”

The solution from Cashfree Payments is set to revolutionize the way software platforms like enterprise resource planning (ERPs), customer relationship management (CRMs), SaaS or billing platforms and similar solutions provide payment experience to their end users.

With the integration of ‘Embedded Payments’, software platforms can enable their end users to make payments for products or services directly on the platform, eliminating the need for redirection to another page or site for the payment process. This will eliminate any disruptions and drop-offs caused due to external payment redirections.

By leveraging Embedded Payments, digital platforms can offload compliance-related responsibilities as they provide robust risk and security checks while ensuring total compliance with the latest RBI guidelines around payments. It can also provide innovative monetization options, turning payments into a sustainable source of income.

Platforms can offer their clients 120+ payment modes, without any redirects and external interfaces as provided by traditional payment gateways. Platforms can onboard their users as merchants manage payments, refunds, settlements, and other post-payment workflows with a simple integration.

Cashfree Payments leads the way in bulk disbursals in India with its Payouts with over 50% market share. Cashfree Payments recently became the online payment provider to receive the Payment Aggregator license from the RBI. Cashfree Payments works closely with all banks to build the core payments and banking infrastructure that powers the company’s products.