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Mastercard partners with PayMate to advance digitization of B2B payments across EEMEA

Nov 04, 2024over 1 year ago

Contract Type

partnership

Madhya Pradesh

Description

Mastercard has entered a multi-year partnership with PayMate to enable fast, secure and convenient digital business-to-business (B2B) payments for organizations across several markets in Eastern Europe, Middle East and Africa (EEMEA). This partnership aims to address challenges that businesses across the EEMEA markets face such as limited visibility, manual invoice processes, and restricted payment options that create tight liquidity and operational inefficiencies.

Company Information

Company

PayMate

Location

Madhya Pradesh, India

About

PayMate provides B2B payments solution for SMEs and Enterprises. Businesses can automate full procurement to payment task, payables and recievables across supply chain. E-invoicing and discounting. Offer working capital credit

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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