Technvision Ventures Limited Introduces Emagia Corporation’s GiaPay, an AI-powered B2B Payments Solution

On April 17, 2024, Technvision Ventures Limited announced in an exchange filing that the company’s step-down subsidiary, Emagia Corporation, launched GiaPay, an Al-powered B2B Payments Orchestration solution designed for the modern B2B payments needs of global enterprises.

The company stated that the new platform, Giapay, is available as a stand-alone solution with API connectors and as an integrated component of Emagia’s Customer EIPP Portal and accounts receivables management modules. They added that currently, there are more than 1 million buyers on the GiaPay network, and Emagia’s enterprise customers are already getting several million in transaction amounts from their buyers securely using GiaPay.

GiaPay includes leading payment services such as Mastercard, Visa, American Express, CardX, Chase Paymentech, and Paypal, as well as banks such as Wells Fargo, JPMC, BMO, etc.

The platform provides strategy-based payment options for credit cards and direct bank payments for different types of invoices. It offers a suite of financial optimisation solutions, including Transaction Fee Optimisation, which intelligently optimises interchange fees using Level2/Level3 data and smart data augmentation to reduce declines. Additionally, GiaPay facilitates Surcharge Fee Facilitation, enabling easy implementation of surcharge fees for enterprise suppliers and minimising costs.

It also provides Secure Authentication Services, providing bank account authentication for various payment services like ACH, SEPA, NEFT, and FedNow. Apart from these, there are several other features of the platform.

Commenting on the launch, the Founder and CEO of Emagia, Veena Gundavelli, said, “Global enterprises are seeking easy-to-deploy, frictionless and cost-effective digital B2B payments to accelerate their cash flow from customers.”

She further added “B2B payments strategy requires flexible orchestration over a broad range of global payment services for optimisation of transaction costs and enabling frictionless payment experience. We are excited to announce GiaPay, a one-stop B2B payments orchestration platform for global businesses to enable faster, frictionless and cost-effective customer payment flows. GiaPay is aimed to accelerate the order-to-cash cycle and improve cash flow for our customers.”

About Technvision Ventures Limited

TechNVision Ventures Limited is engaged in the business of offering information technology products and services.

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