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Central Bank of India Launches Bharat Connect for Business
Central Bank of India has introduced a new digital platform called Bharat Connect for Business.
It was created with NPCI Bharat BillPay Limited.
Businesses can use it to create invoices and handle payments.
They can also manage money collections and settlements.
The platform connects buyers, sellers, and their banks.
It is designed to make business transactions more secure and efficient.
The launch took place at Global Fintech Fest 2026.
The initiative is expected to help small and medium-sized businesses use digital payments more easily.
Central Bank of India became the first public sector bank to launch Bharat Connect for Business.
The bank partnered with NPCI Bharat BillPay Limited for the digital B2B payments platform.
The platform lets businesses generate invoices, make and receive payments, and manage collections and settlements.
The initiative was launched at the NPCI Pavilion during Global Fintech Fest 2026.
The platform is intended to support MSMEs and improve efficiency across digital business transactions.
- Who
- Central Bank of India, in partnership with NPCI Bharat BillPay Limited, launched the platform.
- What
- The bank launched Bharat Connect for Business, a digital B2B payments ecosystem.
- Where
- At the NPCI Pavilion at Global Fintech Fest 2026.
- When
- The initiative was launched during Global Fintech Fest 2026.
- Why
- To simplify business transactions, support MSMEs, and strengthen India’s digital payments ecosystem.
Key facts
- Platform
- Bharat Connect for Business
- Launch institution
- Central Bank of India
- Partner
- NPCI Bharat BillPay Limited
- Banking milestone
- First public sector bank to launch the platform
- Core functions
- Invoice generation, payments, collections, and settlements
- Target users
- Businesses, including MSMEs
- Launch venue
- NPCI Pavilion, Global Fintech Fest 2026
Quotes
Central Bank of India and NPCI Bharat BillPay Ltd.
The partnering institutions whose statement describes the platform’s capabilities
“The platform provides an integrated digital ecosystem for businesses to generate invoices, make and receive payments, manage collections and settlements, enabling secure, seamless and efficient transactions between buyers, sellers and their banks.”
thestatesman.com
Sources
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