Bharat Connect - Business Onboarding Flow for Vendor Payments
Bharat Connect addresses common challenges in B2B payment processes such as manual workflows, delayed settlements, and reconciliation inefficiencies by providing a robust framework focused on transparency, efficiency, and security.It operates through a network of Operating Units (OUs) and Agent Institutions (AIs) that play a critical role in onboarding businesses. OUs can be banks or non-banks, such as EnKash, and they facilitate direct integration into the Bharat Connect ecosystem.The platform supports multiple payment modes, including cards, UPI, and net banking, making it particularly valuable for managing invoices, payments, and real-time reconciliations.
Onboarding is essential for businesses to participate as vendors on Bharat Connect. It enables them to send invoices, receive payments seamlessly, and ensure timely settlements streamlining the entire B2B transaction process.This process involves several key stages, each designed to ensure compliance, security, and smooth interoperability within the Bharat Connect network.