Integrated EIPP, AR & AP Solution

Freepay is the industry leader in accelerating working capital efficiency in Order-to-Cash cycle

  • How are we different

    Freepay's multi-pronged approach of Invoice Acceleration with ePoD, Electronic Invoice Presentment (EIP), Dynamic Trade Terms application, Analytics-driven multi-channel Dunning, Straight through Processing (STP), Intelligent Fund Allocation (IFA) and Automated Reconciliation is far more sophisticated than classic AR Management products. This approach coupled with Freepay's ability to adapt to industry-specific business nuances is the reason why the world's major banks make Freepay the product of choice for their customers.

    Freepay also seamlessly integrates Channel Funding from multiple lenders.

  • Diverse Clients

    Freepay is the preferred EIPP and AR management product for top Fortune 500 Global and leading Indian corporates across multiple industries.

    30 plus live clients
    50 more in pilots
    >100 active prospects

    Freepay is now rapidly expanding globally.

  • Major Banks as partners

    Freepay is the leading fintech partner for 8 major Global banks and 9 top most Indian banks for EIPP and AR. Freepay's engagement approach minimizes risk in electronic payments with interlocking business process and security features.

    Feel free to reach out to your bank RMs and they will connect you with us.

  • Multiple Industries

    Consumer Packaged Goods (CPG)
    Heavy machinery
    Auto Ancillaries
    Computer Peripherals
    Financial Services

  • AP & Vendor Financing

    Freepay elegantly handles Accounts Payable (AP) with Invoice Aggregation, Dynamic Approval Process, Vendor Finance workflows, Reverse factoring and multi-mode Payments. Freepay partners with multiple Vendor Financing / Supply chain lenders to enable seamless AP end-to-end flows.

Key Features

Secure, Integrated, Cloud based Payment Solution

Integrated Channel Finance

Freepay enables end-to-end integration with multiple channel financing partners. Digital onboarding, data provisioning for anchoring decisions, automated collections and reverse reconciliation with channel financing core systems are the inherent capabilities in Freepay

Multi-mode Payments

Freepay seamlessly handles NEFT, RTGS, IMPS, NACH, UPI, Debit/Credit Cards, PSD2, and SEPA. Cheque + Cash recording and reconciliation is supported

OEM Payment Reconciliation

EDI integration for Invoicing , Payment advice and Bank Reconciliation, Intelligent Fund Allocation (IFA)

Secure, Closed Loop Payments

Freepay implements Industry grade access control security coupled with interlocking, closed loop, transactional process control. This ensures that the money paid by the Invoice Recipient (Payer) can get credited ONLY to the pre-designated account of the Invoice Generator (Payee). Our infrastructure is GDPR, ISO (27001, 27017, 27018), PCI DSS Level 1, SOC compliant

Real-time MIS

Customizable real-time MIS and Reports delivered to Finance & Treasury, Sales teams, Commercial Ops, Logistics Points and Field force.

Supports configurable multi-channel alerts

Measurable Benefits

  • Measurable improvement in collection performance and reduction in DSO
  • Significant reduction in payment disputes
  • Reduction in unbilled revenue through enforcement of A/R rules
  • Accelerated revenue
  • Enhanced sales staff and finance staff productivity
  • Automated end-to-end reconciliation through STP (Straight Through Processing) and STR (Straight Through Reconciliation)
  • Consistent, real-time view of transactions aids field and back-office decision making
  • Digital dispute resolution workflows
  • Cash flow visibility and predictability at a granular level
  • Increased working capital efficiency, therefore, lower working capital funding costs

Additional Features

  • Multi-Invoice pay
  • OEM Payment reconciliation
  • Advance Payments
  • Ad hoc and Partial payments
  • Purchase Order Payments
  • Multi-dimensional discounts
  • Maker Checker for Payers
  • Extensive analytics driven dunning
  • Reverse integration with payer invoicing systems
  • In-addition, Freepay can configure any best practice that you may have


We are hiring!

We are hiring top talent in: Sales, Banking Relationships, Technology, Operations, Dev Ops and Support. Send your resumes to or call on +91 (22) 6140 3616


JP Morgan, a global leader in Banking, invests in Freepay... Read more


J.P. Morgan Invests in Indian Fintech to Improve Ease of B2B Payments
The leading global financial services firm has invested in Global PayEx as it seeks to enhance the efficiency and experience of B2B transactions for corporate clients in Asia Pacific


Mumbai, India, May 13, 2019 – Global PayEx, a fast-growing player in the Electronic Invoice Presentment & Payment (EIPP) and business-to-business (B2B) payments space based in India, today announced a strategic investment by J.P. Morgan. Global PayEx offers Freepay – a cloud-based platform that facilitates the electronic sharing of invoices, handling of payments and comprehensive management of transaction information between B2B buyers and sellers.

The investment will help J.P. Morgan’s clients experience clearer electronic invoice presentation and quicker reconciliation. The Freepay platform is fully-automated and self-servicing, delivering immediate cost and time savings. Its real-time feature and sophisticated analytics function provide corporates with full visibility of their payment status as well as insights on their receivables collection, which can in turn help optimize working capital.

“At J.P. Morgan, we are committed to providing market-leading digital capabilities across our products and services. Our strategic investment in Global PayEx is a significant step towards working with our clients in a more nimble way and enhancing their experience at every interaction. This partnership will provide complementary solutions to our existing suite of financial services and help clients build a robust digital payment ecosystem,” said Kalpana Morparia, Chairman of South and Southeast Asia, J.P. Morgan.

Global PayEx is fast-becoming a dominant provider of EIPP – self-service portals that allows the exchange of invoices online – in India.

“At J.P. Morgan, we continue to invest in innovation to help our clients optimize and simplify their payment operations. We want to deliver the best available technology, whether it’s built in-house or through Fintech partnerships. This investment is a great example of our commitment to address our clients’ specific concerns in the B2B payments space, which continues to grow at an exponential pace,” said Sridhar Kanthadai, Head of Wholesale Payments for Asia Pacific at J.P. Morgan.

Mohan Krishnan, Founder, Global PayEx said, “Global PayEx is helping to redefine the B2B payments and receivables management in India and we are encouraged to see Freepay servicing a fast-growing list of global and Indian companies in almost every industry sector, which includes 30 live clients and over 100 active prospects across multiple geographies.”

“This investment is a logical evolution of our existing strong partnership with world’s leading financial institutions such as J.P. Morgan and it clearly helps us extend our footprint to the global markets in the Far East, Middle East, Europe and the United States.” said Brij Sharma, CEO, Global PayEx.