The Indian digital healthcare platform PharmEasy has partnered with Cashfree Payments, an Indian provider of payment and banking solutions, to expedite payments to its retail partners.
In accordance with a press release, PharmEasy will integrate Cashfree Payments’ Payouts application programming interface (API) to manage supplier payments, customer refunds, loan distribution, and other tasks.
The press announcement quotes a PharmEasy representative as saying, “Our processes have now been significantly automated, improving client experience and reducing the time spent in payment reconciliation and settlements.” The time saved is put to use for other crucial tasks, increasing the output of our team.
A news statement states that Payouts will allow PharmEasy to fully automate the collection and distribution of payments to be made to its retail partners, enabling settlement within 48 hours after the receipt of payments from clients who have purchased things on the website.
