PayMate Showcased as VISA's Preferred B2B Payment Service in India at Singapore Fintech Festival

By siliconindia   |   Monday, 19 November 2018, 07:34 Hrs
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PayMate, a renowned leader in India’s B2B payments solutions announces that VISA has chosen them as their preferred Indian partner for B2B payment services at Singapore Fintech Festival, and also showcases the platform’s APIs at a launch initiative led by ASEAN Financial Innovation Network (AFIN). Enabling a seamless end-to-end automated procurement to payment cycle, PayMate’s comprehensive platform allows corporate customers to transact payments online for all sizes of businesses. At the launch event of API Exchange (APIX) by AFIN, a world’s first cross-border, online marketplace and sandbox showcases PayMate’s API, which promises to increase the company’s visibility across Asia via a trusted and neutral platform.

Speaking at the event, Ajay Adiseshann, Founder & CEO, PayMate India says “This is a huge opportunity for us to show off our innovative technology and hard work that has gone into building a comprehensive procure-to-pay platform suitable for any size of business. By doing so, we continue to abide by our mission of enabling more and more businesses to automate their entire payment processes in an easy and efficient manner. Showcasing our platform in such unique and innovative ways will help us explore new avenues for the near future.”

Trusting the solidity of PayMate’s customer base of more than 25,000 and transactions of above $3 billion, VISA proudly announced that PayMate would be their preferred Indian partner for all B2B transactions and Ms. ChafaJafa, Head, Business Solutions, India and South Asia, Visa avers, “‘In response to growing demand for digital payments by corporations, Visa has a deep focus on B2B payments for the Indian market. Working with our key clients, we have taken to market comprehensive solutions for B2B use cases. We have worked with PayMate as our preferred partner for invoice-based payments in India for the past year. Our partnership delivers an end-to-end solution for corporations, ensuring that they benefit from process efficiency, enhanced workingcapital and scalability across India.”

Adding more than 10,000 businesses to its platform in the last one year alone, this 2006proliferated Mumbai based company is spearheading the online payment space in India and has recently raised a handsome funding of $30 million from Lightbox.

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