Axis Bank To Go Live With First B2B Collections Solution

Hyderabad: Axis Bank on Tuesday announced that it has partnered with a Fortune 500 company in India to provide B2B collections utilising NBBL’s Bharat Connect (Erstwhile BBPS). With this, Axis Bank becomes the first bank to go live in implementing this pioneering solution, leveraging its best-in-class, robust API stack.

The solution can integrate multiple ordering applications across sectors; FMCG, Pharma, Automotives, Healthcare facilitating collections for the company’s wholesale distributors, stockists. Retailers can initiate invoice payments directly from the application. As the Biller Operating Unit capable of offering this unique service, Axis Bank has developed this seamless, agile, scalable and customisable solution and with support from NBBL Bharat BillPay.