Paywize Enters Connected Banking Space with Strategic Integration with Shivalik Small Finance Bank

Paywize, a rising fintech infrastructure company, has announced its integration with Shivalik Small Finance Bank, marking a significant step in its mission to deliver connected banking solutions to Indian businesses of all sizes.

A New Chapter in Business Banking

In a market where payment processing and banking have traditionally operated in silos, Paywize is drawing a new blueprint. The company has formally integrated its payment infrastructure with Shivalik Small Finance Bank, one of India's most tech-forward small finance banks, to offer businesses a seamlessly connected banking and payments experience — all through a single platform.

The move signals Paywize's intent to go beyond being just another payment gateway. The company is positioning itself as a connected financial infrastructure layer for Indian businesses — one where collections, payouts, reconciliation, and banking all talk to each other in real time.

What This Integration Means for Businesses

At its core, the Paywize–Shivalik Bank integration enables businesses to open and operate current accounts directly linked to their Paywize payment stack. This means:

• Instant settlement of collections directly into a Shivalik Bank-powered current account, eliminating the typical T+1 or T+2 delay cycles.
• Real-time reconciliation — every rupee collected is automatically mapped, reducing manual accounting overhead significantly.
• Unified dashboard — business owners and finance teams can track both banking balances and payment flows from a single interface, without toggling between a bank portal and a payment dashboard.
• API-first architecture — developers can connect the bank account programmatically, enabling automated payouts, sweep rules, and balance triggers without human intervention.

For small and mid-size businesses that have long struggled with fragmented financial tooling, this integration represents a meaningful upgrade in operational efficiency.

Why Shivalik Small Finance Bank?

Shivalik Small Finance Bank has built a reputation as one of the most digitally agile banking partners in India's cooperative banking ecosystem. With a strong compliance posture and an API-ready core banking system, Shivalik was a natural first partner for Paywize's connected banking ambitions.

"We wanted a banking partner that shared our philosophy — that modern business banking should be invisible, automated, and deeply integrated into the payment flow," said a Paywize spokesperson. "Shivalik's infrastructure and appetite for fintech collaboration made this partnership a natural fit."

The bank's focus on serving underbanked businesses and MSMEs also aligns with Paywize's target market — fast-growing businesses that have been underserved by traditional banking infrastructure.

Connected Banking: The Bigger Picture

India's payment ecosystem has matured rapidly over the last five years. UPI crossed 15 billion transactions a month. Businesses now collect payments across dozens of channels — UPI, cards, net banking, wallets. But the backend banking layer has struggled to keep pace. Funds sit in payment gateway settlement accounts for days. Reconciliation is manual. Account statements don't sync with payment reports.

Paywize's connected banking initiative is designed to close that gap. By tying its payment infrastructure directly to a licensed banking partner, the company enables a model where money moves, reconciles, and reports in real time — a standard that was previously only accessible to large enterprises with dedicated treasury teams.

What's Next

This integration with Shivalik Small Finance Bank is the first in what Paywize describes as a multi-bank connectivity roadmap. The company has indicated that additional banking partnerships are in the pipeline, with a goal of giving businesses the ability to choose their preferred banking partner while still operating within a unified Paywize payment infrastructure.

Businesses interested in the connected banking stack can explore early access via Paywize's onboarding portal, with setup completing in as little as 48 hours.

Paywize is a fintech infrastructure company offering payment collection, payout solutions, and connected banking for Indian businesses. To learn more or get started, visit paywize.in.