PayMate provides simpler, faster payment solutions. Historically the company had powered mobile banking solutions in partnership with 32 banks, major operators and a large network of 13,000+ merchants. Over time it has sharpened its focus towards the travel sector and is bringing together India's largest airlines, hotels and travel companies by providing a platform for them to accept payments.
PayMate caters to both urban and rural users and reduces friction in payments by keeping them simple.
In 1.5 yrs, Paymate has ramped its B2B travel payments business from zero to an annualized run-rate of $750MM in processing volume
Paymate is pioneering the B2B travel payments ecosystem in India together with the largest low cost carriers in the country.