India Current Update

Betamint introduces a payments solution for the building sector

<p>In order to better handle financial transactions in the construction industry, labor management solutions provider Bettamint said on Wednesday that it has introduced a payments solution called “Bettapay.”</p>
<p><img decoding=”async” class=”alignnone wp-image-428995″ src=”×369.jpg” alt=” betamint introduces a payments solution for the building sector newindianexpress 2″ width=”1527″ height=”751″ title=”Betamint introduces a payments solution for the building sector 6″ srcset=”×369.jpg 750w,×503.jpg 1024w,×378.jpg 768w,×74.jpg 150w, 1200w” sizes=”(max-width: 1527px) 100vw, 1527px” /></p>
<p>According to a release from Bettamint, Bettapay may coordinate payments with certain project characteristics like debit notes, employee attendance for salary payments, and even awards and incentives for doing time-sensitive tasks.</p>
<p>According to the firm, the payment solution will assist developers and contractors in greatly reducing the administrative load related to field payment recording, invoicing, and authentication.</p>
<p>According to the statement, Bettapay’s introduction is in line with a recent government mandate that requires firms to make sure all employee salary payments are handled online.</p>
<p>The platform offers a single data repository for improved project monitoring and transparency, which benefits financing institutions and regulatory agencies like RERA in addition to making compliance with this regulation easier.</p>
<p>Our platform’s integration with precise payment triggers guarantees that construction businesses only pay for what is owed.</p>
<p>Bettapay elevates field operations to a new standard of accuracy and responsibility.</p>
<p>Additionally, it increases a project’s appeal to financiers, according to Kezya D. Braganza, CEO of Bettamint.</p>

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