New Delhi, Jan 24 (KNN) A new fintech platform for Indian MSMEs is being developed by Hitachi Payment Services and Indipaisa for catering the underserved segment. 

A range of payment solutions will be offered by Indipaisa through this partnership with Hitachi Payment Services.

It will accommodate all the specific needs of Indian MSME owners and operators, to help them grow their businesses whilst complying with government tax laws.

Speaking about this development, Anuj Khosla, CEO, Digital Business, Hitachi Payment Services said, “This partnership is a step towards financial inclusion for marginalised MSMEs to whom we can reach through our technological and expansive network.”

To offer fintech services in the Indian MSME market at affordable prices on a high-quality digital platform is the main objective, said Aizaz Tahsildar, the CEO of Indipaisa. 

As per the data from SME Finance Forum, 131 million or 41 per cent of formal MSMEs in developing countries have unmet financing needs MSME finance gap in developing countries is estimated to be approximately $5 trillion - 1.3 times the current level of MSME lending