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B2B payments firm PayMate broadens global presence with expansion into APAC market

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Aliza Carmona

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6 months ago

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India – Digital business-to-business (B2B) payments company PayMate has announced its strategic move into the Asia Pacific region as part of its overarching global expansion initiative. 

PayMate will now commence operations in Malaysia, Singapore, and Australia, tailoring its digital payment solutions to meet the distinctive requirements of each market while maintaining a unified global strategy.

With this expansion, businesses in these regions will now also be able to avail themselves of PayMate’s comprehensive suite of solutions, including the digitization and automation of financial processes, invoice discounting, and API-as-a-service for financial institutions.

PayMate’s platform provides seamless integration with existing systems and facilities, fostering accelerated payments and effective cash flow analysis, aiding businesses in enhancing their working capital management.

Currently, the B2B payments company operates in Australia and South Africa under the name “DuNoMo” as a wholly owned subsidiary. 

The payments company is also actively exploring potential expansion opportunities in other APAC markets, such as Vietnam, Thailand, the Philippines, Hong Kong, and New Zealand. 

This move is expected to solidify PayMate’s presence in the APAC region and add to its established subsidiaries in Central and Eastern Europe, the Middle East, and Africa (CEMEA).

Ajay Adiseshan, founder and CEO at PayMate, said, “We are delighted to introduce PayMate’s innovative B2B payment solutions in Singapore, Malaysia, and Australia. Our rapid expansion into these countries highlights our commitment to enabling frictionless and highly secure B2B transactions for enterprises. We look forward to contributing to the thriving fintech ecosystems in these markets and to collaborating with local partners to drive the digital transformation of B2B payments.”

Amirreza Sawal, general manager for APAC at PayMate, also added, “PayMate is committed to expanding its footprint in the APAC regions, delivering local businesses with the means to elevate supply chain payments, minimise expenses, and optimise working capital. Our versatile APIs offer effortless integration with third-party functionalities, fostering innovation, scalability, and a competitive advantage. These B2B Payments APIs transcend industry boundaries, serving as an adaptable solution across diverse sectors.”

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