(11 April 2022 – India) Indian supply chain finance company KredX has partnered with ICICI Bank to offer “ICICI Bank-KredX Commercial Card” for B2B payments. The first-of-its-kind cashback card enables businesses to avail financial rewards instantly for all B2B payments without incurring any additional cost.
The commercial card offers a simple payment process on the unified platform of KredX along with a single view dashboard for all payment transactions and a management interface.
Additionally, a discount option is available for clients that wish to collect early payments for additional dynamic discounts.
The card also offers dispute management, 3-way matching and complete automation.
“This will be a watershed moment in B2B payments that will allow businesses to avail high cashbacks on each payment. The entire KredX offering is now a win-win package for all businesses as this covers ease of payments, credit for payments and most importantly rewards for payments. This will massively impact the bottom line and ROI of businesses,” said KredX Founder and CEO Manish Kumar.