Boon For Cfos To Streamline Payables & Receivables

PayMate has appointed Amirreza Sawal as its Regional Head for APAC

NEW DELHI, Nov 2 (The CONNECT) – B2B digital payments solutions company PayMate India Limited has incorporated its entities in Singapore and Sri Lanka to enable the platform clientele use bank-issued commercial credit cards to make early payments towards supplier invoices.

Payments made and received using the platform will be promptly reconciled, allowing analysis of the business’s cash flow. This will help CFOs and finance managers to improve their working capital. Other important features such as custom approval workflows, APIs, detailed reports and integrations with ERPs will further help users streamline their payables and receivables.

PayMate has appointed Amirreza Sawal as its Regional Head for APAC based out of Singapore. Amirreza has experience in B2B corporate payments and financial services spanning across the Asia Pacific and Middle East markets and has most recently worked at Visa Middle East FZ-LLC.

PayMate’s entrance into Singapore and Sri Lanka is a part of a broader geographical expansion plan into other parts of Central Europe, the Middle East, Africa (CEMEA), South Asia and the Asia Pacific. PayMate has an established relationship with Visa in India and the UAE.

According to RedSeer, global commercial payments volume was estimated at approximately USD 130-135 trillion in 2021; India has approximately USD 8 trillion of the global commercial payments volume, CEMEA, approximately USD 10 trillion and Asia-Pacific estimated at approximately USD 58 trillion.

Rakesh Khanna, Chief Commercial Officer, PayMate said, the company is all set to go full-steam ahead to offer our B2B payment solutions.