your password has been reset successfully, Please login again.

JP Morgan Performs Strategic Investment in Global PayEx   

Global PayEx proclaimed that JP Morgan has done strategic investment in the company so the company can improve client experience via electronic invoice presentation and fast reconciliation.
BY BEx Bureau
BusinessEx
May 14, 2019

Global PayEx proclaimed that JP Morgan has done strategic investment in the company so the company can improve client experience via electronic invoice presentation and fast reconciliation.

Essentially, Global PayEx renders B2B payments as well as electronic invoice presentment. The company provides a cloud-based platform named Freepay. With Freeway, the company facilitates in sharing invoice, managing payments and organization of transaction information between B2B buyers as well as sellers, Global PayEx said in its statement as told by the Indian daily news, Economic Times.

"This investment is a great example of our commitment to address our clients' specific concerns in the B2B payments space, which continues to grow at an exponential pace," head of wholesale payments for Asia Pacific at JP Morgan, Sridhar Kanthadai told the Indian daily news, The Economic Times.

The payment portal is completely automated and self-servicing and thus saves time as well as cost. The real-time feature enabled in the platform renders full visibility of the payment and gives information regarding the receivable collection to the corporate companies, which assist in making the best use of working capital, the companys release statement said.

Please add your Comment
SIMILAR News
May 24, 2019
Biofourmis will deploy the funds to expand its business in the US as well as Asian markets. ...More
By Jaspreet Kaur
May 24, 2019
Reliance Capital Ltd, the investment arm of Reliance Group, is making its departure from mutual fund ...More
By Jaspreet Kaur
May 22, 2019
Spinny will be deploying the fresh capital to widen its footprint in Bengaluru. ...More
By Jaspreet Kaur
May 22, 2019
Edelweiss Insurance Brokers, a subsidiary of Edelweiss Financial Services, will sell a small portion ...More
By Jaspreet Kaur
May 21, 2019
According to the strategic partnership, Padukone will possess equity in the company ...More
By Jaspreet Kaur
May 21, 2019
Livspace will be utilizing funds in various domains such as in creating novel home interior solution ...More
By Jaspreet Kaur
May 20, 2019
Coatue Management, the American-based hedge fund, is planning to lead $120 million funding round in ...More
By Jaspreet Kaur
May 20, 2019
The Indian infra firm, IL&FS (Infrastructure Leasing and Financial Services) proclaimed that Japanes ...More
By Jaspreet Kaur
May 18, 2019
 Nippon Life will disburse nearly INR 4,484 crore to obtain a major stake of Reliance Capital in the ...More
By Jaspreet Kaur
May 18, 2019
Brookfield Asset Management’s CEO wishes Howard Marks, Co-founder of Oaktree Capital, to continue do ...More
By Jaspreet Kaur
May 17, 2019
The business deal will give grocery store chain, Spencer access to major cities like Pune, Mumbai an ...More
By Jaspreet Kaur
May 17, 2019
Games2win, the Indian mobile game firm has initiated a fund aiming to support startups and entrepren ...More
By Jaspreet Kaur