PayMate is transforming the way Indian businesses pay and get paid efficiently.
As a leading provider of business to business (B2B) digital payment solutions, PayMate is helping corporates and SMEs transition from traditionally slow and costly forms of payments such as cash and cheques to real-time and efficient digital payments.
Our award winning technology platform provides businesses the ability to automate and seamlessly manage vendor payments (Account Payables), customer payments (Account Receivables), invoicing, and cash flow. Multiple forms of digital payment channels are supported such as cards, net-banking, NEFT, RTGS, and IMPS. All services are delivered via our proprietary cloud based payments platform and can be accessed on any internet enabled device and via a mobile application.
Our core elements of the proprietary platform are processing of high volume transactions 24/7, payment settlement, mitigating risk, and security. In addition to this, businesses can easily apply for credit at competitive rates.
PayMate adheres to the highest standards and industry best practices for security, privacy and risk and is PCI-DSS 3.2 compliant. The company is also compliant as per Reserve Bank of India guidelines related to Payments and Settlements Act.
PayMate is head quartered in Mumbai and funded by Lightbox Ventures, Mayfair 101 and Mayfield Fund.