PayMate is transforming the way Indian businesses pay and get paid efficiently and it helps them grow.
As a leading provider of electronic business to business (B2B) payment solutions, PayMate is helping large Enterprises and SMEs transition from traditionally slow and costly forms of payments like 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 electronic payment channels are supported including cards, net-banking, ACH, NEFT, RTGS, and IMPS. All services are delivered via our proprietary cloud based, payments platform and can be accessed on any web enabled desktop or mobile application. In addition, businesses can easily apply for working capital financing at competitive rates.
Processing of high volume transactions, payment settlement, mitigating risk, and security are core elements of the proprietary platform. PayMate is PCI-DSS 3.2 compliant and adheres to the highest standards and industry best practices for compliance, security, and risk. 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 and Mayfield Fund.