Axis Bank launches Corporate Bill Payment Solution

>>Solution to enable corporates manage bill payments efficiently on a digital platform

Axis Bank, India’s third largest private sector bank today announced the launch of the Corporate Bill Payment solution to enable corporates to manage their multiple bill payments with just one click. The bank’s new service will allow corporates to make their bill payments more efficient, quick and hassle- free.

In the traditional mode of bill payment, companies generally face a challenge keeping track of their bills that need to be paid. Further printed bills often reach late which further delays the approval and payment process. Keeping this in mind, the bank has introduced its Corporate Bill Payment Solution to minimize the time lag and smoothen the bill payment procedure for the Corporates.

To avail this service, corporates need to do a one – time registration of its bills on the online platform. Post registration every time a bill is generated by the biller the corporates will receive the bills electronically and all they have to do is review the bill and pay it digitally.

Some of the other smart features of the product are:

  • Enables single as well as bulk payments
  • Supports setting of limits and a maker-checker authorization matrix
  • Prompts alerts for bills due
  • Provides a dashboard of bills paid

Mr. Himadri Chatterjee, President, Axis Bank said “We are delighted to launch the corporate bill payment service, yet another initiative reinforcing our bank’s commitment to lead the journey of digitization in financial services. Axis Bank has always been at the forefront on delivering innovative payments solutions and this solution further reinforces our determination to improve customer experience leveraging technology along with security and convenience. We have built features into our product that make it very simple for our customers to come on board and gain significant value from participating on our platform. A lot more such features are on their way and we are confident of achieving utmost customer delight in the days to come.”

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