HomeB2BPayMate B2B Customers to make Utility Bill Payments using Visa Commercial Credit...

PayMate B2B Customers to make Utility Bill Payments using Visa Commercial Credit Cards

PayMate India Limited (“PayMate”), a leading B2B payments and services provider that digitises, automates, and streamlines business-to-business (B2B) payments in supply chains, has integrated the capability to make utility bill payments using commercial credit cards as a new feature on its platform.

PayMate’s customers and users can make utility bill payments such as landline bills, electricity bills, water bills, broadband bills, among others along with their other statutory and vendor payments.

Speaking on this, Ajay Adiseshan, Managing Director and Chairman, PayMate says,”Due to the COVID-19 pandemic, businesses faced challenges with traditional methods of payments.

By adding Utility bill payments on the PayMate platform, we have created yet another avenue for PayMate’s customers to use commercial credit cards; ultimately providing a fully integrated B2B payments stack to our customers.

“From April to December 2021, PayMate processed ?22,467.92 million of direct tax payments and 99,929.67 million of GST payments on its platform through commercial credit cards, while the overall commercial credit card processing TPV increased from 187,142.31 million in Fiscal 2021 to 464,766.45 million. As of December 31, 2021, the total number of Customers and Users using the PayMate platform is 166,811.PayMate is also a Visa-certified Business Payment Solution Provider (BPSP) in the UAE and is also aiming to expand into other parts of Central Europe, the Middle East and Africa (“CEMEA”) region.

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