Axis Bank Ltd.

Axis Bank, India’s third largest private sector bank, has entered into a partnership with MasterCard and Vayana Network to launch ‘Invoice to Payment’- an end-to-end digital invoicing and payment solution. With this solution, users would experience greater convenience, security, control, and increased efficiency in business payments.

This solution aims to simplify B2B payments in India, estimated at over $95 billion annually. Processing of these payments is physical, involves a number of manual steps and corporates spend a lot of time and resources to reconcile invoices and their payments. Invoice to pay is designed to simplify, digitize and automate the entire process- from invoice presentment to final payment.

Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 2,505 domestic branches & extension counters and 13,146 ATMs across the country, as on September 30, 2014, the network of Axis Bank spreads across 1,686 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services.