Sunday, 16 June 2024

Best Cash Management Project in India - Kotak Mahindra Bank and CRED

5 min read

By The Asian Banker

Lower turnaround time on settlement and reconciliation on issuing banks and higher charges posed challenges for a leading credit card bill payment platform in India. The bank provided a direct connectivity with Visa Direct platform which helps performs real-time credit card account funding, resulting in better customer experience and faster reconciliation capabilities. 

For reducing the settlement turnaround time for both issuers and card holders and for its collaborative approach, Best Cash Management Project in India goes to Kotak Mahindra Bank and CRED.

For full evaluation criteria and scorecard for Transaction Finance Awards, please visit

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