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Safexpay unveils NeuX to digitise payments for MSMEs and B2B

By Gloria Mathias

October 18, 2023

  • Aadhar
  • Agriculture
  • API solutions
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Safexpay, India FinTech, India, RegTech, API Solutions, KYC Verification, SMEs Solutions, Aadhar, Payments Gateway, APIX, NueX, B2B, Neobanking, Fintech News, Global Fintech News, SMEs, Corporates, Firms, Digital Payments, Safexpay, a digital payments company launches NeuX, an enhanced neobanking platform for MSMEs, Corporates and B2B businesses.

The new platform aims to solve multiple challenges and digitise the entire business operations. Its objective is to digitally transform the B2B payment and workflow landscape by offering a comprehensive banking and payment management system.

Safexpay aims to onboard 2,000-4,000 MSMEs and B2B businesses across the country annually. Additionally, the platform has been developed to manage approximately ₹1 Billion per year payment transactions.

NeuX tackles challenges while serving as a comprehensive B2B platform facilitating seamless payments through payouts and introducing a value-added services layer atop existing payout platform.

It provides businesses with access to superior integrated technology that simplifies operations, encompassing purchase and sales management, inventory control, and taxation. This signifies the onset of a new age in digital business. Customised to the requirements of companies aiming to scale their operations, improve efficiency, and enhance security, NeuX offers a comprehensive solution.

Ravi Gupta, Founder and CEO of Safexpay stated, “NeuX marks a significant step towards consolidating the digital payments ecosystem under one roof, enabling businesses to efficiently manage workflows and other critical tasks. We aim to extend this service to businesses that will assist in accelerating their growth along with the country’s growing economy. With India being a home to over 60 million MSMEs, we are committed to empower them in their transition from offline to online operations, thereby streamlining their business processes.”

NeuX has been designed to serve the tailored needs of MSMEs across an array of sectors, including FMCG, Pharma, Agriculture, E-commerce, and others. It even caters to entities with or without supply chain modules, making it a versatile solution for those looking to digitise their workflows.

While designed for Indian markets MSMEs, it is also primed to cater to the MSMEs in the gulf region namely Saudi Arabia, UAE, Oman, and Qatar.

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