Kuala Lumpur, Malaysia – PayMate, a B2B payments platform, has launched its Business Payments app in Malaysia to encourage better financial management and business growth for small and medium-sized enterprises (SMEs) in the country.

The app provides SMEs with an easy-to-use platform for their B2B payments with suppliers, helping them navigate challenges. SMEs are often hounded by issues such as delayed payments and limited access to affordable credit, which leads to disruptions.

Through the PayMate Business Payments App, business owners can handle payments using commercial and retail credit cards efficiently. Additionally, the app offers up to 55 days of interest-free credit on cards.

While providing efficiency and flexibility in handling payments, the app also provides security in transactions through a PCI DSS-certified platform. It ensures that business owners can drive business growth and financial stability.

The launch is part of PayMate’s collaboration with Selangor Information Technology & Digital Economy Corporation (SIDEC), a subsidiary of Invest Selangor Berhad. The partnership aims to contribute to SME development in Malaysia. Through the app, PayMate helps boost SIDEC’s efforts to improve SME financial management while driving local economic growth.

Rakesh Khanna, chief commercial officer at PayMate, commented, “We are proud to launch our new business payments app in Malaysia, which is thoughtfully designed to meet the needs of SMEs by offering features that enhance working capital optimisation and streamline B2B payments. Recognising Malaysia as a vital market, we are committed to supporting its SMEs on their growth journey with innovative, secure, and reliable payment solutions that enable them to thrive in an increasingly digital landscape.”

“At PayMate, we recognise the ongoing challenges faced by Malaysian SMEs in managing their cash flow. Traditional financial processes can be manual and time-consuming, often hindering business growth. Our new Business Payments App addresses these by optimising working capital and streamlining B2B payments, empowering businesses to take full control of their finances. With features such as unlimited transfers and the flexibility to make payments via credit cards, SMEs can seize opportunities and manage their supplier payments with greater agility,” Amirreza Sawal, general manager of PayMate Asia Pacific, said.

Kuala Lumpur, Malaysia – PayMate, a business-to-business (B2B) payment solutions provider, has forged a strategic partnership with De’Xandra, a Malaysian perfume brand. The partnership aims to transform B2B payment processes and boost the growth of Malaysian small and medium-sized enterprises (SMEs).

De’Xandra will use PayMate’s platform to streamline its payment management. It will allow the perfume brand to collect payments from its over 6000 distributors while ensuring timely and reliable payments to its suppliers. 

The partnership also contributes to PayMate as it strengthens its presence in Malaysia’s SME sector. 

PayMate’s platform allows SMEs in Malaysia to use commercial cards with an interest-free period of up to 55 days. This offer makes their B2B payments efficient and secure, eliminating operational difficulties.

“At PayMate, we believe that the backbone of Malaysia’s economy lies in its SMEs, and our mission is to empower these businesses with the tools they need to thrive. We are here to support every small business in Malaysia providing them with innovative payment solutions so that they may overcome working capital challenges, grow confidently and drive the nation’s prosperity,” Amirreza Sawal, general manager of PayMate Asia Pacific, said.

Ernayanee Nur, chairman of Blyon Group Berhad and Oshien2u SDN BHD, commented, “Collaborating with PayMate marks a new era for De’Xandra. With their payment solutions and support for accessing crucial capital, we are confident that our operational efficiency will significantly improve enabling us to better serve our customers and expand our footprint across Malaysia.”

India – Mumbai-based digital business-to-business (B2B) payments company PayMate has announced its expansion into the Asia Pacific region as part of its global growth journey.

With this expansion, PayMate is now launching its operations in Malaysia, Singapore, and Australia to provide digital payment solutions tailored to the specific needs of each market while maintaining a unified global strategy.

Businesses from the aforementioned markets will now also be able to access PayMate’s solutions, which include digitization and automation of financial processes, invoice discounting, and API-as-a-service for financial institutions.

PayMate’s platform offers seamless integration with existing systems and facilitates expedited payments and efficient cash flow analysis, which businesses can now leverage to improve their working capital management.

The B2B payments firm is also looking to explore potential expansion opportunities in other APAC markets, including Vietnam, Thailand, the Philippines, Hong Kong, and New Zealand.

Meanwhile, in Australia and South Africa, PayMate operates under the name “DuNoMo” as a wholly owned subsidiary.

The B2B payments firm now has established subsidiaries in APAC and the Central and Eastern Europe, Middle East, and Africa (CEMEA) regions.

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.”