Kotak Mahindra Bank is Euromoney’s best transaction bank in India, recognised for combining digital innovation, product breadth and execution across payments, collections, liquidity, trade finance and supply chain finance.
During the review period, the bank advanced a digital-first strategy through Kotak Fyn, its integrated corporate banking platform, alongside API and host-to-host connectivity. Its trade API stack allows clients to embed trade services directly into ERP and treasury systems, reducing manual entry, improving traceability and enabling faster processing. Kotak Fyn Mobile also extended remote authorisation to trade transactions, supporting quicker decision making for corporates operating across locations.
The bank demonstrated its ability to serve India’s transaction banking ecosystems with integrated, technology-led solutions at scale nationally
The bank strengthened paperless trade through digital bank guarantees, bulk import and export processing, and document-free workflows for large corporates. During the review period, its host-to-host import remittance solution enabled secure, encrypted processing directly from clients’ systems, while template-based bulk processing improved validation and reduced repetitive work. Its GIFT City branch also supported tailored cross-border financing and foreign currency liquidity structures.
Kotak broadened its supply chain finance capabilities in November 2025 with the launch of EwayGo, a digital platform that integrates with the government’s e-invoicing and e-way bill infrastructure. The platform automates invoice retrieval, verification and financing workflows, helping businesses access working capital through a paperless process.
Payments and collections were reinforced through Sampark Setu for merchant lifecycle management, Plutus for real-time collections and reconciliation, and an enhanced UPI stack designed for resilience and scalable settlement. The bank also developed specialised solutions for payment aggregators, mutual funds and capital markets clients, demonstrating its ability to serve India’s transaction banking ecosystems with integrated, technology-led solutions at scale nationally.
