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
July 20, 2019
Reliance Brands, a division of Reliance Industries, has acquired the British toy retailing firm, Ham ...More
By Jaspreet Kaur
July 20, 2019
The acquired plant is presently producing 2.1 million bags of intravenous infusions every month.  ...More
By Jaspreet Kaur
July 19, 2019
The companies said in a statement, “they have also reached an agreement that will make eBay inventor ...More
By Jaspreet Kaur
July 18, 2019
Software company, Ebix Inc. proclaimed to have signed a concord to buy Yatra Online Inc. in a transa ...More
By Jaspreet Kaur
July 18, 2019
Delhi-based Procol will use the funding to scale its procurement platform and begin deploying other ...More
By Jaspreet Kaur
July 17, 2019
As per the concord, Cipla will invest around INR 164 crore in the joint venture for 4 years, said th ...More
By Jaspreet Kaur
July 17, 2019
Valberg has made INR 3 crore investment in the agri-marketing company, which is a part of $90 millio ...More
By Jaspreet Kaur
July 16, 2019
The VC firm, Unicorn will search for startup companies in various sectors like fin-tech, robotics, g ...More
By Jaspreet Kaur
July 16, 2019
Ecozen essentially creates products which are targeted at farmers in order to help them grow yields, ...More
By Jaspreet Kaur
July 11, 2019
The company manufactures and sells menswear clothing online; It performs the entire manufacturing an ...More
By Jaspreet Kaur
July 11, 2019
In the previous year, Ezyhaul made its foray in India by receiving investment $5 million in Series A ...More
By Jaspreet Kaur
July 10, 2019
The company will use the funds to boost its data capabilities by leveraging artificial intelligence ...More
By Jaspreet Kaur