Mumbai: Central Bank of India has become the first Public Sector Bank to launch “Bharat Connect for Business” in partnership with NPCI Bharat BillPay Ltd. (NBBL). The platform was launched at the Global Fintech Fest 2026 and is designed to enable seamless business-to-business (B2B) invoice payment and collection services.
Central Bank of India Launches Bharat Connect for Business
The new platform marks a significant step towards strengthening digital payment infrastructure for businesses and enabling smoother commercial transactions.
Bharat Connect for Business provides an integrated B2B digital ecosystem aimed at making business transactions simpler, faster and more efficient.
The initiative aligns with the broader objective of supporting digitalisation and creating a more seamless payment environment for businesses across the country.
Platform Launched at Global Fintech Fest 2026
The platform was officially launched at Global Fintech Fest 2026 by:
- Kalyan Kumar, MD & CEO, Central Bank of India
- Noopur Chaturvedi, MD & CEO, NPCI Bharat BillPay Ltd. (NBBL)
The launch marks the collaboration between the public sector bank and NBBL to strengthen digital solutions for business-to-business transactions.
Bharat Connect for Business to Enable B2B Payments
The platform is designed to transform commercial transactions by bringing B2B payment and collection processes into an integrated digital ecosystem.
Key features and objectives include:
- Seamless B2B invoice payment services
- Digital invoice collection services
- Simpler commercial transactions
- Faster and more efficient business payments
- Integrated digital infrastructure for businesses
The platform is expected to help businesses streamline payment-related processes and improve the overall efficiency of commercial transactions.
Central Bank Strengthens Digital Banking Infrastructure
The launch reinforces Central Bank of India’s focus on expanding digital banking solutions for businesses.
By introducing Bharat Connect for Business as the first Public Sector Bank, the bank aims to contribute towards a stronger digital ecosystem for commercial payments and support businesses in adopting seamless digital transaction mechanisms.
The initiative also reflects the bank’s commitment to supporting the vision of Viksit Bharat through simpler payments and stronger businesses.
About Central Bank of India
Central Bank of India is one of India’s leading public sector banks, providing a wide range of banking and financial services to retail, corporate, MSME and other customers. The bank has been expanding its digital banking capabilities to offer more convenient and technology-driven financial solutions.
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