For a very long time, small companies have been an underserved market with regards to digital applied sciences. After dealing with income losses within the first half of 2020, small companies underwent a fast adoption of digital funds.
Previously 15 months for the reason that pandemic hit, fintech unicorn Razorpay has boarded over 1.5 million SMEs.
The platform noticed a development of over 200 per cent from March final yr to Might this yr in transmotion quantity performed by MSMEs.
Notably, 54 per cent of e-transactions occurred by way of MSMEs from tier-2 and -3 cities. A have a look at the shifts within the digital behaviour of small businesses during pandemic that led to India’s MSME digital finance revolution.
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