Digital payments company Safexpay launched NeuX, an enhanced neo-banking platform for MSMEs, corporations, and B2B businesses. The company said that the newly launched platform will solve multiple challenges and digitise the entire business operations. The target is to reach 50-70 million merchants (distributors and retailers) in the key sectors to provide comprehensive B2B digital solutions, read the statement issued by the company. 

It aims to onboard 2,000-4,000 MSMEs and B2B businesses across the country annually through bank partnerships, fintech partnerships, or collaboration with distributors/suppliers/retailers. Additionally, the platform has been developed to manage approximately ₹1 Billion per year in payment transactions, the statement added. 

Managing multiple partners with complex ERP banking relationships, and high integration costs imposed by traditional banks and B2B players are some of the problems being faced by businesses across the sector, the company’s new launch NeuX tackles these challenges, it added. 

Ravi Gupta, founder and CEO of Safexpay, said reacting to the launch, "NeuX marks a significant step towards consolidating the B2B digital payments and value-added services ecosystem under one roof, enabling businesses to efficiently manage workflows and other critical tasks. We aim to extend this service to businesses that will assist in accelerating their growth along with the country’s growing economy."   

NeuX has been designed to serve the tailored needs of MSMEs across an array of sectors, including FMCG, Pharma, Agriculture, E-commerce, and others. It even caters to entities with or without supply chain modules, making it a versatile solution for those looking to digitise their workflows and payments. Unlike conventional neobanking services limited to payouts, it provides a holistic value-added service of B2B workflow management solution guiding businesses through purchase creation, inventory management, product/service sales, and many more, as claimed by the company. 

Safexpay is a leading provider of payment, banking, and other value-added innovative solutions. With a global presence, Safexpay offers tailored payment gateways, payouts, neo-banking, and checkout solutions to businesses of all sizes. The company is providing services to over 500,000 merchants worldwide.