JPMorgan launches digital platform for payment transactions between companies

At the end of October 2021, investment bank JP Morgan announced the launch of a digital platform for payment transactions between companies. A system called Digital Bill Payment is designed for business interaction with customers, billing and making payments. The project was implemented by Paymentus Holdings.

JP Morgan expects Digital Bill Payment to offer companies modern and fast integrated receivables capabilities, such as digital bill payments. Over the past 18 months, by the end of October 2021, demand for these types of solutions has increased. This solution is part of the company's efforts to help customers digitize the entire path of receivables with new innovations, such as a request for payment and further solutions aimed at automating the acceptance of virtual card payments.

JPMorgan introduced a digital platform for payment transactions between companies

As noted in the press release, the Paymentus platform is an omnichannel, unified and easily customizable solution that was used by approximately 16 million customers and enterprises (from local municipalities to Fortune 50 companies) as of December 2020. The platform provides the ability to view accounts and make payments via the Internet, mobile phone, IVR, terminal, chat bot, voice assistant and digital wallets. Customers will interact through a simplified, secure, and customizable interface to receive and negotiate remittance data, and to improve further customer interaction, enabling them to pay when, where, and how they want.

We are very happy to work with JP Morgan to simplify the payment process, "says Dushyant Sharma, President and CEO of Paymentus. - Combination of the leading payment platform J.P. Morgan, our omnichannel payment operating system and Instant Payment Network ecosystem, will provide customers with all the tools they need to communicate more efficiently and efficiently, bill and collect payments from their customers.[1]

Notes