There is an exciting news for all business minds. Are you waiting for a mate who can ease your work and handle all your all business payments? I have an application for you. Shocked to know how can an app handle your most important business payments? Don’t worry, I have an answer for these questions and that is PAYMATE.

PayMate is a leading provider of electronic Business-to-Business payment solutions based in Mumbai. It helps large Enterprises and SMEs transition from a traditionally slow and costly form of payments like cash and checks to real-time and efficient digital payments. PayMate provides business customers the ability to automate and seamlessly manage vendor payments (AP), customer payments (AR), invoicing, and cash.

In May 2006, Paymate was funded by Silicon Valley based venture capital companies Klenier Perkins Caufield & Byers and Sherpalo Ventures and as a part of developing digital India. In addition, businesses can easily apply for working capital financing at competitive rates.

Multiple forms of electronic payment channels are supported including cards, net-banking, ACH, NEFT, RTGS, and IMPS. All services are delivered via its proprietary cloud-based payments platform and can be accessed on any web enabled desktop or mobile device.

Paymate is not only connected to India but it expanded to other countries as well. In 2008, Paymate started serving Sri Lanka by partnering with the Bank of Ceylon. Nepal also loves the service of this application.

In 2012, Paymate launched a PayPOS application, which allows small businesses to accept credit and debit cards and process electronic transactions directly on their mobile phones at the point of sale (POS).

In 2013, Paymate made a pivot to focus on B2B Payments.

At last in 2016, Paymate established its well known image as the clear leader in B2B payments in India and announced that it has crossed $2B in annualized Gross Processing Volume (GPV). Withing a short time, it achieved a milestone in its journey!

Processing of high volume transactions, payment settlement, mitigating risk, and security are core elements of the proprietary platform. Paymate provide time to time job offers and alert citizens about jobs in Paymate in India.

Let’s be aware of the best features of our trustworthy mate before we start using it:

  1. Accept Payments (stop waiting for cash and paper checks, go for electronic payments)
  2.  Send payments (Kick the paper habit and simplify your payment process)
  3. Multiple Payments Mode (we can receive and pay using multiple modes – NEFT, RTGS, etc.)
  4. All your payments in one account (forget the headache of  different accounts and try on all money in one account)
  5. Secure and cloud-based (this keeps your online transactions protected all the time from start to finish)
  6. Easy to use (simple and easy to use interface)

Before you think that this app is super-easy to use, let’s have a look on the terms and conditions part of the app:

“Nodal Account”

This refers to bank account maintained by PayMate as required by the RBI Guidelines.

“Service Provider”

This means a bank, association, facility provider, card issuing institution, acquiring bank, other financial institution, card processor, clearing house networks whose facilities or services are utilized in the provision of these Services.

“Transaction Amount”

This means the total amount payable/receivable by a User/Payee. This amount shall include all taxes, charges, interest, delivery costs, commissions, etc.

 

By using the Website or Services, user represents and warrants that he/she is 18 or older and is competent to contract. User also agrees that his/her Payer/Payee is similarly competent to contract.

After knowing all its features and accepting the terms and conditions, just go and grab this app. I am sure it will be your trustworthy mate.

 

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