Kotak is focusing on the new age / e-commerce business segment in a big way through a dedicated E-commerce Business Segment housed within the Wholesale Banking division. Over 200+ top e-commerce firms in India have been associated with us for availing different products ranging from liability to asset to build their businesses on strong regulatory and innovative banking support.
Along with digitisation and strong transaction banking platform of the bank, Kotak has been instrumental in delivering robust solutions to various e-commerce firms through:
1. Pioneering the construct of Nodal Accounts for e-commerce firms - we are offering an integrated solution comprising electronic collections and payments for Nodal arrangements.
2. Wallet solutions for Prepaid Payment Instrument Issuers - We have been instrumental in providing end to end banking solution and advisory services to leading wallet companies in India.
3. Structured Lending offerings to meet the working capital and other funding requirements for e-commerce companies.
4. Acting as an Advisor on General banking Solutions. This is typically important because different start-ups have unique business models and each requires customized solutions such as AllPay Payment Gateway, AllPay eInvoicing and AllPay Issuance among others.