While Paytm, Google Pay, Naspers-owned PayU, and other players were aggressively trying to rope in small businesses on their platform, as B2B doesn’t bleed the business, the big scramble is for over 60 million small businesses.The UK based Fintech startup PayQ and its CEO Shibabrata Bhaumik is trying to get them hooked to the PayQ payment gateway and then offering them a host of services, including loans, and easy payment acceptance and settlement to small businesses including Kirana shops and that would lead to an intense battle, where incumbents could face the heat. The coronavirus pandemic might help to achieve India’s stated goals of creating a less-cash economy and enhancing financial inclusion. Shoppers at even neighborhood stores now want contactless digital payments and that demand dovetails with what lenders want in lieu of working capital loans – digital invoices and online transaction records.