PayVang - Online Banking & Payment Processing

The need for better control and visibility over their cash INFLOW and OUTFLOW—and liquidity positions—has led corporates to seek smarter transaction banking alternatives like virtual accounts.

These Accounts used to make and receive payments via NEFT, RTGS, IMPS on behalf of one physical account.

Virtual Accounts also offer corporates the ability to reconcile payments in real time. PayVang offers virtual accounts on demand to their corporate clients.

• Corporates with multiple banking relationships, multiple accounts across different banks and with a need to rationalize complex accounting structures can especially benefit from virtual accounts.

• They can virtually administer inter-company loans, calculate interest, increase cost efficiencies, simplify cash and liquidity management, and increase straight-through processing (STP) rates in reconciliation.

• A Virtual Account Management (VAM) platform can help corporates create, manage and monitor virtual accounts better.

• We offer benefits like a self-servicing VAM engine, a dashboard view to account information and a sophisticated reporting module, in addition to payments and liquidity management.

• VAM platforms can also complicate a bank’s ability to have a single comprehensive view of their customers.

Virtual Account

Virtual Account

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