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

In many markets, payment processing and banking operate separately. Businesses often manage payments on one platform and banking on another. Paywize wants to change this.

Paywize has now integrated its payment infrastructure with Shivalik Small Finance Bank, one of India’s most technology focused small finance banks. This integration allows businesses to manage banking and payments together on a single platform.

This step shows that Paywize wants to do more than operate as a payment gateway. The company aims to build a connected financial infrastructure for Indian businesses where collections, payouts, reconciliation, and banking work together in real time.

What This Integration Means for Businesses

Through this integration, businesses can open and operate current accounts that connect directly to their Paywize payment system.

This provides several advantages.

Instant settlement of collections
Payments that customers make can move directly into a Shivalik Bank powered current account. Businesses no longer need to wait through the usual one or two day settlement cycles.

Real time reconciliation
The system automatically maps every rupee that the business collects. Finance teams spend far less time on manual accounting work.

Unified dashboard
Business owners and finance teams can see bank balances and payment activity in one place. They do not need to switch between a bank portal and a payment dashboard.

API driven infrastructure
Developers can connect the bank account directly to their systems through APIs. Businesses can automate payouts, create balance triggers, and set sweep rules without manual intervention.

For small and medium businesses that often deal with fragmented financial tools, this integration improves operational efficiency.

Why Shivalik Small Finance Bank

Shivalik Small Finance Bank has built a strong reputation as a digitally advanced banking partner in India. The bank maintains strong compliance standards and offers an API ready core banking system.

These capabilities made Shivalik a natural partner for Paywize’s connected banking plans.

A Paywize spokesperson explained the thinking behind the partnership.

The company wanted a banking partner that believes modern business banking should be automated, integrated, and almost invisible in the background. Shivalik’s technology infrastructure and openness to fintech collaboration made the partnership a strong fit.

The bank also focuses on serving MSMEs and growing businesses. This aligns closely with Paywize’s target customers, which include fast growing companies that often face limitations with traditional banking systems.

Connected Banking and the Bigger Picture

India’s payments ecosystem has grown quickly in recent years. Platforms such as Unified Payments Interface now process billions of transactions every month. Businesses accept payments through many channels including UPI, cards, net banking, and digital wallets.

However, banking systems have not always evolved at the same speed. Funds often remain in settlement accounts for days. Finance teams must manually reconcile statements. Bank reports do not always match payment reports.

Paywize aims to solve this problem through connected banking.

By linking its payment infrastructure directly with a licensed banking partner, Paywize allows money to move, reconcile, and report in real time. Until recently, only large companies with specialised treasury teams could achieve this level of financial control.

What Comes Next

The integration with Shivalik Small Finance Bank is only the beginning. Paywize plans to connect with several banks in the future.

The goal is to give businesses the freedom to choose their preferred banking partner while continuing to operate through the unified Paywize payment infrastructure.

Businesses that want to use the connected banking stack can apply through the Paywize onboarding portal. In many cases, setup can complete in as little as forty eight hours.

Paywize is a fintech infrastructure company that provides payment collection, payout solutions, and connected banking services for Indian businesses.

To learn more, visit paywize.in