Kuala Lumpur, Malaysia – PayMate, a payment solutions provider, has recently forged a strategic alliance with Malaysia’s perfume producer De’Xandra. This marks the fintech leader’s entry into the Malaysian market, complementing its mission to foster digital transformation across the region’s SME sector.
Under the collaboration, De’Xandra will utilise the PayMate platform to enhance its payables and receivables management, ensuring smooth and reliable transactions across its network.
Said integration will further enable them to improve financial flexibility and operational efficiency, with PayMate assisting them to address these specific challenges for SMEs, particularly in the areas of cash flow management and payment acceptance.
Through this, SMEs can now access commercial cards with interest-free periods of up to 55 days, enabling smooth and secure payments to all B2B suppliers while fostering growth for businesses of all sizes.
Additionally, this collaboration allows Malaysian businesses to efficiently gather payments from distributors and pay their suppliers using commercial credit cards. It will also enable them to manage their working capital, eliminating the necessity for suppliers to constantly follow up for payments, ensuring they are paid on time or even in advance.
Amirreza Sawal, general manager at PayMate Asia-Pacific, said, “At PayMate, we believe that the backbone of Malaysia’s economy lies in its SMEs, and our mission is to empower these businesses with the tools they need to thrive. We are here to support every small business in Malaysia, providing them with innovative payment solutions so that they may overcome working capital challenges, grow confidently, and drive the nation’s prosperity.”
Ernayanee Nur, visionary chairman at Blyon Group Berhad and Oshien2u SDN BHD, remarked, “Collaborating with PayMate marks a new era for De’Xandra. With their payment solutions and support for accessing crucial capital, we are confident that our operational efficiency will significantly improve, enabling us to better serve our customers and expand our footprint across Malaysia.”
