Payment products can be built on InstaPay that will enable merchants to accept digital payments from both e-money and bank accounts even without a POS.
By using digital payments, MSMEs will be able to build a rich digital transaction history which can help establish their creditworthiness and provide them access to credit from formal lending institutions at a price that reflects their good risk profile. This shows that the benefits of using electronic payments especially by MSMEs go beyond convenience and affordability.