BillDesk shake hands with J.P. Morgan for online payment solutions

On Monday, Payments aggregator BillDesk announced a partnership with leading global financial institution J.P. Morgan to offer online payments solutions to the bank’s corporate clients in India.

Over this partnership, J.P. Morgan’s clients in India will be able to self-sufficiently initiate constitutional and utility payments online with more than 100 merchants that BillDesk partners with, securely and without additional manual assistance from their partner banks.

The solution assimilates BillDesk’s payments platform with the J.P. Morgan Access banking portal and uses application programming interface (API) technology to confirm and verify payments rapidly, allowing payments to be implemented in real-time.

Guhaprasath Rajagopal, head of Wholesale Payments for India, J.P. Morgan, states, "This partnership is a great example of J.P. Morgan’s commitment to leverage local innovation to offer a simplified payment experience to corporates. In the past, the initiation of statutory and utility payments required our clients to engage in fairly manual processes.”

The process is fully computerized and the bank claims that corporates can fulfill their statutory and utility payment requirements in a secure and convenient manner while saving on time and costs.

Karthik Ganapathy, director and co-founder of BillDesk, states, “Our platform combines leading-edge technology with extensive expertise to offer reliable and powerful payment processing solutions to digitize day-to-day payments of corporates in India.”