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PayMate

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Mass payout solutions provider streamlining B2B payments for businesses.

About

PayMate is a provider of mass payout solutions that enables businesses to execute bulk payment disbursements to multiple recipients, including freelancers, partners, and suppliers. The platform supports transactions in multiple currencies and includes features such as automated currency conversion, compliance with international transfer regulations, and real-time tracking of payouts. PayMate targets businesses in India and other regions, focusing on digitizing and streamlining B2B payments within supply chains. The company addresses issues related to payment accuracy and administrative workload. Its services include expedited vendor payments, extending days payables, and automating supply chain payments, which are intended to improve the efficiency of financial operations. PayMate claims competitive advantages through its extensive integrations with existing systems and its status as a significant player in the B2B payments sector in India, with intentions for global expansion.

Key facts

Founded
2006
Headquarters
Mumbai, India
Sector
Payments

Business model

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PayMate: quick answers

What does PayMate do?
PayMate is a provider of mass payout solutions that enables businesses to execute bulk payment disbursements to multiple recipients, including freelancers, partners, and suppliers.
Where is PayMate headquartered?
PayMate is headquartered in Mumbai, India.
When was PayMate founded?
PayMate was founded in 2006.
Which sector is PayMate in?
PayMate operates in Payments, part of Financial Technology.
Who are PayMate's competitors?
Companies similar to PayMate include Melio Payments, PayStand, and Konfío.