Axis Bank, MasterCard, Vayana partner for B2B invoicing

Axis Bank has tied up with MasterCard and Vayana Network to provide digital invoicing solutions for B2B payments.

“This solution aims to simplify B2B payments in India, estimated at over $95 billion annually. Processing of these payments today is physical, involves a number of manual steps and Corporates spend a lot of time and resources to reconcile invoices and their payments,” Axis Bank said in a Press Release today.

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