MSME
Growth of Digital Payments in MSMEs
The Micro, Small & Medium Enterprises (MSME) sector is one of the largest contributors to India’s economy.
Micro, small, and medium enterprises (MSMEs) are the backbone of the Indian economy. With 97 percent of businesses in India characterized as MSMEs, they are not only a key contributor to the country’s GDP but also provide employment to around 60 percent of the workforce. In order for MSMEs to continue to thrive, it is essential that they adopt innovative technologies that will help them become more efficient and productive. One such technology is digital payments, which has seen exponential growth in India in recent.
35% of MSME receive payments after a 90-day – 120-day period
Lack of knowledge about the payment system
Slow Settlement of payments
Time-consuming to check the relevance of data
Increase risk of Credit Card fraud
Penalty charges for delayed payments
Request Pay, Payment Buttons, Invoices, and Bill Pay helps to avoid delayed payments
Eliminates manual data entry with Digital recording of transactions
Refund Management
Reconciliation is systematic and helps to reduce fraud and human errors
Send quick Notification reminders
Partial Payments
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Synergia IT Park, Plot No-R-270, T.T.C., Industrial Estate, Near Rabale Police Station, Rabale, Navi Mumbai-400701
Aurionpro Payment Solutions Private Limited
Registered Address - Plot No. R-203, Unit No. 603, Sigma IT Park, R-204, TTC Industrial Area, Estate, Rabale, Navi Mumbai, Maharashtra 400701
CIN ( U72900MH2021PTC364601)
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