Neo Banks & B2B Payments: A Match Made in Heaven
2 May 2019 3:35 AM GMT
The payments industry as a whole in India & across the globe has evolved in the most fascinating way when compared to other industries.
- Back in the days, we relied on cash, cheques, and DDs to pay and get paid.
- A Neo bank is essentially a business banking platform that offers innovative banking services & offerings that are very different from what traditional banks have to offer.
- They partner with a licensed bank and offer enhanced banking solutions on top of them.
- That's why neo banks like Open have built seamless invoice creation system which is integrated with other banking and financial services the platform has to offer.