MSME centered Instamojo makes NEFT transfer free of cost for its sellers

New Delhi, June 28 (KNN) To make digital payments more convenient, hassle free and affordable for India’s MSME sector, Instamojo, a digital payments platform coupled with e-commerce features, has made the online transactions through National Electronics Funds Transfer (NEFT) free of cost for its five lakhs seller base, said the company in a press release. 

The initiative was launched to mark the occasion of International MSME day celebrated on June 27 across the world. The company aims to take its customer base to 25 lakh by 2020. 

With this launch, sellers will not have to pay any fee or charge for doing online transactions through NEFT through Instamojo platform.

Sampad Swain, CEO & Co-founder, Instamojo said “NEFT is a popular nation-wide online payment system followed by millions of micro and small businesses. This is one of the few steps we are taking to help MSMEs to create a hassle-free business economy.”