PayMate’s Worldwide Growth Ignites Curiosity
January 22, 2024 | by indiatoday360.com
PayMate, a leading B2B payments solutions provider, is attracting the attention of investors and industry experts as it expands its global presence with recent incorporations in Oman, South Africa, Malaysia, and Australia. The company aims to transform the way businesses transact and manage their working capital using commercial credit cards for accounts payables. PayMate’s global expansion opens up a lucrative investment opportunity for those who want to participate in the B2B revolution.
PayMate: A Trailblazer in B2B Payments
PayMate was founded in 2006 as an online payment platform for consumers and merchants. In 2015, the company pivoted to focus exclusively on B2B payments, leveraging its expertise in payment processing, automation, and security. PayMate offers a cloud-based platform that enables businesses to pay their suppliers, bills, and taxes using their bank-issued corporate credit cards, regardless of whether the recipients accept card payments or not. The platform also provides real-time visibility into cash flow, automated reconciliation, and enhanced compliance.
PayMate has partnered with leading banks and card networks such as Visa, ICICI Bank, Axis Bank, HDFC Bank, and National Bank of Oman to offer its solutions to small and medium-sized businesses (SMBs) as well as large corporates across various sectors such as manufacturing, retail, e-commerce, logistics, healthcare, and education. PayMate claims to have processed over $10 billion in annualized payment volume in 2023, serving over 35,000 businesses in India and the UAE.
PayMate’s Global Expansion: A Strategic Move
PayMate has been expanding its footprint to tap into the huge potential of the global B2B payments market, which is estimated to be worth $68 trillion by 2025. The company has recently incorporated in Oman, South Africa, Malaysia, and Australia, targeting key markets in the Central Europe, Middle East, Africa (CEMEA) and Asia Pacific (APAC) regions. These regions accounted for $10 trillion and $58 trillion of the global commercial payments volume in 2021 respectively.
PayMate’s global expansion is driven by its vision to enable businesses to transact seamlessly across borders and currencies using its platform. The company also aims to leverage its network of banking and card partners to offer localized solutions that cater to the specific needs and regulations of each market. PayMate believes that its innovative approach to B2B payments will help businesses improve their cash flow management, optimize their working capital, and accelerate their growth.
PayMate’s Investment Opportunity: A Rare Chance
PayMate’s global expansion also presents a unique investment opportunity for individuals and businesses who want to be part of a company that is reshaping the B2B payments landscape. PayMate is currently one of the most popular and promising unlisted shares among stock brokers and investors across the country. The company is expected to launch its initial public offering (IPO) in the near future, which will further boost its valuation and visibility.
Investors can acquire PayMate shares through unlistedzone.com, a platform that connects buyers and sellers of unlisted shares. Unlistedzone.com provides comprehensive analysis and insights into PayMate’s performance, market position, and growth prospects. Investors can also benefit from Unlistedzone.com’s transparent pricing, secure transactions, and hassle-free delivery of shares.
PayMate is a rare chance for investors to participate in a transformative journey that is revolutionizing the B2B payments industry globally. With its innovative solutions, strategic partnerships, and ambitious expansion plans, PayMate is poised to become a leader in the B2B payments space.
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