Daily Tip: Accept UPI payments to maintain a healthy cash inflow


With Diwali right around the corner, we know you’re probably expecting your sales to rise this month.  

One easy way to conduct smooth business transactions in the coming weeks (to receive and make payments) is to use UPI-based digital payment platforms like GooglePay, Paytm, and PhonePe.

These UPI payment platforms not only make it easier for you to do large volumes of business quick, but they also increase your attractiveness to lenders as they can make their lending decisions based on this data. The more data a lender has on your business, the more likely they are to lend to you! 

Since these transactions are directly deposited to your business bank account, they save you time reconciling your books and ensure you have a regular cash flow in your bank account. It also lets lenders know your business isn’t in a cash crunch. 

Find out other ways you can use technology to increase your creditworthiness.

If you need an SME business loan, check your eligibility, and see how CreditEnable can help you. 

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