India has 15 million freelancers and a growing digital economy. The Indian Contract Act and MSME Development Act provide tools for collection, but enforcement is limited. According to the MSME Ministry, Indian businesses face average payment delays of 60 days, with some sectors (construction, manufacturing) exceeding 90 days. The economic impact is estimated at ₹45 trillion annually.
The MSME Samadhan Portal allows small businesses to file complaints against delayed payments from large companies. But the process is complex and time-consuming. PingPaid automates the collection process, ensuring your invoices stay on the payment radar and generating the documentation you need for MSME Samadhan.
PingPaid helps Indian freelancers by automating the collection process, adapting to Indian law and ensuring your invoices stay on the payment radar.