Dailymirror.news,Mumbai, April 2, 2025: Axis Bank, one of India’s leading private sector banks, has partnered with a Fortune 500 company to introduce a cutting-edge B2B collections solution powered by NBBL’s Bharat Connect (formerly BBPS). With this initiative, Axis Bank becomes the first financial institution to go live with this innovative solution, leveraging its advanced API banking capabilities.

This solution is designed to streamline collections across industries such as FMCG, pharmaceuticals, automotive, and healthcare by integrating multiple ordering applications. Wholesale distributors and stockists can now benefit from a seamless invoicing system, while retailers can initiate invoice payments directly through the application. As a Biller Operating Unit, Axis Bank has developed a scalable and customizable platform in collaboration with NBBL Bharat BillPay.

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Neeraj Gambhir, Group Executive & Head – Treasury, Markets & Wholesale Banking Products, Axis Bank, highlighted the significance of this launch, stating, “Axis Bank continues to lead the way in digital payments and collections. This first-of-its-kind B2B collections solution is a testament to our best-in-class Corporate API banking stack, ensuring enhanced customer convenience and a seamless payment experience.”

Adding to this, Noopur Chaturvedi, CEO of NPCI Bharat BillPay Ltd. (NBBL), remarked, “Bharat Connect is transforming B2B invoice payments and financing by simplifying complex supply chain and distribution networks. We are pleased to have Axis Bank as our key partner and the first bank to go live with this expanded solution. This collaboration further strengthens our shared commitment to revolutionizing the payments and collections ecosystem.”

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This pioneering initiative marks a significant step in India’s digital payments journey, providing businesses with an efficient and secure transaction framework.