CorporatePay transaction crosses Rs 100 billion

 CorporatePay system has been able to process landmark transactions of more than Rs 100 Billion during the current fiscal year.

The system has been in operations as a business payments platform, since a year again, for the institutional customers of the member bank and financial institutions (BFIs) with specific focus on small and mid-size enterprises and institutions, claims the company. “The acceptance of the CorporatePay system has considerably increased, as it is now available from more than 48 BFIs with almost 3,600 institutional customers of the BFIs have been using the system for their business payments,” it adds.