PayMate is a prominent B2B payments platform. Today, the company has launched its Business Payments app in Malaysia towards better financial management and growth for small and medium-sized businesses across the country. This app is intended to make processes of B2B payments simpler and help SMEs overcome issues of late payments and constricted accessibility to affordable credit, thus disturbing their operations.
PayMate Business Payments has an easy-to-use interface and allows the SME to do their payments to their suppliers proficiently. Among all its features, one can use commercial and retail credit cards to make payment along with getting up to 55 days of interest-free credit. Powered by a PCI DSS-certified framework, business transactions are secured using the platform that enables financial stability for the entrepreneurs who use the service to drive growth.
It is part of a strategic collaboration with the Selangor Information Technology & Digital Economy Corporation, or SIDEC–a subsidiary of Invest Selangor Berhad. This partnership reflects a mutual commitment to foster SME development in Malaysia, where PayMate supports the initiatives of SIDEC in enhancing financial management among local businesses and boosting the growth of their economy.
PayMate Chief Commercial Officer Rakesh Khanna said: “We are excited to introduce the Business Payments app in Malaysia, a product tailored specifically for the SME segment. This app offers some interesting working-capital optimization and simplifies B2B payments. As we believe Malaysia is one of the critical markets in our expansion plans, we are committed to empowering its SMEs with innovative, secure, and reliable payments solutions that can drive their success within an increasingly digital ecosystem.
Amirreza Sawal, General Manager, PayMate Asia Pacific, says: “SMEs in Malaysia face major challenges pertaining to cash flow management as their processes are typically old and structured. Our Business Payments app helps businesses be in control of their financial processes. With unlimited transfers and with credit card payment capability, SMEs can grab opportunities quickly through leverage supplier payments.”.
This launch reflects PayMate’s commitment to this continuous effort to enhance the financial landscape for SMEs in Malaysia, generating more efficient operations and leaving free time for growth and innovation.
