Zoho Launches Zoho Payments, Expanding into the Payments Sector!
Chennai-based tech leader Zoho has entered the payments industry with its new offering, Zoho Payments. This latest addition to Zoho’s extensive suite of financial management tools is designed to simplify online payment processes for businesses.
Zoho Payments integrates advanced B2B payment features through the Bharat Bill Payment System (BBPS) provided by NPCI Bharat BillPay Limited (NBBL). This integration aims to enhance invoice management and payment processing by providing a unified platform for financial transactions.
Sivaramakrishnan Iswaran, Global Head of Finance and Operations BU at Zoho, emphasized that Zoho Payments represents a crucial advancement in integrating business finance, banking, and payments. The BBPS framework facilitates standardized invoice presentment and payments, offering multiple payment options, instant confirmations, invoice financing, and streamlined invoice transmission and reconciliation.
