To give businesses a smooth payment experience, fintech company Cashfree Payments has launched a new payment solution for software platforms.
Software platforms can enable direct payments between their businesses and end users through the payment solution.
Businesses in India may now accept online payments and banking technology. More than 6,00,000 businesses rely on Cashfree Payments to handle payment collections, vendor and wage payments, quick loan disbursements, insurance claim processing, cost reimbursement, loyalty, and incentive payments, as well as e-commerce refunds.
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The goal of the solution is to completely transform how software platforms that offer their end users a payment experience, such as enterprise resource planning (ERPs), customer relationship management (CRMs), software as a service (SaaS) platforms, billing platforms, and other similar solutions, Due to complexity, poor user experience, operational expense, and a lack of compliance understanding, software platform developers now have difficulty incorporating payments into the solutions they provide for online businesses. Consequently, internet companies or retailers implement payment systems independently.
Software platforms can allow their end users to pay for goods or services straight on the platform by integrating “Embedded Payments,” doing away with the need to send them to a different website or page. By doing this, all hiccups and drops brought on by outside payment redirections will be eliminated.
Payments can be made by end users, and inside the platform’s environment, the money is moved to the business’s allocated account. To give businesses a smooth payment experience, fintech company Cashfree Payments has launched a new payment solution for software platforms.
Software platforms such as enterprise resource planning (ERP), customer relationship management (CRM), SaaS, or billing platforms can now permit direct payments between their customers and enterprises thanks to the payment solution known as embedded payments.
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The company said in a statement that by utilizing this solution, platforms can include payments in their line of business offerings. The solution entails smoothly integrating financial transactions within digital platforms or applications.
Additionally, inside the platform’s environment, end customers can start payments, and the money is transferred to the business’s allocated account.
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