Report: MSMEs need digital infra

MUMBAI: NPCI Bharat BillPay has proposed a centralised digital infrastructure to connect invoices, payments, reconciliation and financing, to fix the biggest constraints faced by MSMEs - the difficulty of turning sales into cash and cash flows into credit. The system could help address the MSME sector's Rs 60 lakh crore formal credit gap, while reducing the friction involved in collecting and matching payments.