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Amex to roll out corporate card-linked payment platform

Tuesday 28 February 2017 09:28 CET | News

American Express has announced is looking to expand the scope of digital payment solution to corporates and vendors through its Buyer Initiated Payment (BIP).

The credit card provider claims that BIP will allow Indian companies to increase their days payable outstanding despite paying the vendor on time. It further said that its web-based tool linked to the corporate cards works within the existing processes of the company and includes the reconciliation reporting that eases tracking and even automation of vendor payment.


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Keywords: Amex, corporate, payment platform, India, B2B, vendor
Categories: Banking & Fintech
Companies:
Countries: World
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Banking & Fintech






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