Banks provides its Fund transfer APIs to corporate clients to enable digital payments

directly from client’s ERP solution.Currently Fund transfer is a straight through process

without secondary authorization, i.e Bank’s corporate client can make payments to

vendors / salary disbursements / bill payments for any value of transaction.

The idea is to explore a second leg of Authorization – create access based approvals with 2

layered consent from client before transactions of higher value are executed and debited from

their Bank A/C.