Central Bank of India Launches 'Bharat Connect for Business' with NBBL
Central Bank of India launched 'Bharat Connect for Business' with NPCI Bharat BillPay Ltd. on September 10, 2026. This platform strengthens the digital B2B payments ecosystem, offering integrated invoice generation, payment processing, and settlement for businesses, including MSMEs.
The launch of 'Bharat Connect for Business' is a strategic move that could enhance the bank's service offerings, particularly for MSMEs, and contribute to the growth of the digital B2B payments ecosystem. However, its immediate financial impact is not quantified.
The launch of a new B2B payment platform with a partner like NPCI Bharat BillPay Ltd. is a positive development for the bank, indicating innovation and expansion in the digital payments space.
Central Bank of India has launched a new platform called ‘Bharat Connect for Business’ in partnership with NPCI Bharat BillPay Ltd. (NBBL). This initiative aims to strengthen India’s digital B2B payments ecosystem. The platform was launched on September 10, 2026, at the Global Fintech Fest 2026 in Mumbai.
‘Bharat Connect for Business’ provides an integrated digital ecosystem for businesses, enabling them to generate invoices, make and receive payments, and manage collections and settlements. This is designed to facilitate secure, seamless, and efficient transactions between buyers, sellers, and their banks.
The launch, which was attended by Shri Kalyan Kumar, MD & CEO of Central Bank of India, and Noopur Chaturvedi, MD & CEO of NBBL, marks Central Bank of India as the first Public Sector Bank to introduce such a platform. The initiative is expected to particularly support MSMEs and other businesses by simplifying digital transactions and enhancing efficiency through technology-led financial solutions, aligning with the vision of Viksit Bharat.
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