PayMate: Difference between revisions

PayMate (edit)

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-'''PayMate''' is a [[business-to-business]] (B2B) payment solution{{solution-inline|date=June 2020}} provider headquartered in [[Mumbai]].
+'''PayMate''' is a [[business-to-business]] (B2B) digital and financial services company headquartered in [[Mumbai]].
-The company offers a [[Cloud computing|cloud-based]] platform that helps large enterprises and SMBs transition from traditionally slow and costly forms of payments such as cash and cheques to real-time digital payments. It digitizes their entire [[Procurement software|procurement]]-to-payment cycle, thereby improving an overall efficiency and saving over 50% in time, efforts, resources and costs.
-== Service ==
-The platform provides a comprehensive digital workflow tied to payments which enable greater control and transparency, along with better cash flows and end to end [[Reconciliation (accounting)|reconciliation]] for corporates in closed loop supply chains.
-The platform replaces traditional cash, cheque, EFT payments to card-based payments for corporates, facilitating suppliers to be paid out, irrespective of them being a card acquiring merchant. The system has several built-in risk mitigating benefits for buyers and sellers. It also features a complete [[procure-to-pay]] solution{{solution-inline|date=June 2020}}, [[E-invoicing|invoice]] marketplace for [[dynamic discounting]] along with [[Application programming interface|APIs]] for integration into existing accounting back-end for minimal friction-based deployment.
 == History ==
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 == Awards and recognition ==
-* 2018: Awarded 'Best Fintech Product' at ET Leaders of Tomorrow<ref>{{Cite web|url=https://www.youtube.com/watch?v=_gmzkInUX9o|title=Ravi Vishvanathan, CFO PayMate accepting the award|website=YouTube}}</ref> in Mumbai
 * 2018: Finalist at Citi India Fintech Challenge<ref>{{Cite web|url=https://www.thehindubusinessline.com/money-and-banking/eight-fintechs-shortlisted-for-citi-india-fintech-challenge/article24106111.ece|title=Finalist at Citi India Fintech Challenge|website= thehindubusinessline.com/}}</ref>
-* 2019: Awarded 'Best B2B Payments Platform (South Asia)' by Wealth and Finance International Fintech Awards<ref>{{Cite web|url=https://www.wealthandfinance-news.com/winners/paymate/|title=W&F Fintech Award|website= wealthandfinance-news.com/winners/paymate/}}</ref>
-== Sources ==
+== References ==
-;Notes
 {{reflist}}
-;References
+== Further reading ==
 *[http://techcircle.vccircle.com/2014/11/26/excl-paymate-pivoting-to-b2b-platform-lightbox-commits-more-to-proposed-30m-in-fresh-funding/ "PayMate Pivoting To B2B Platform"], ''Techcircle, 26 November 2014''
 *[http://economictimes.indiatimes.com/News/News_By_Industry/Banking_Finance_/Banking/Cosmos_Bank_partners_with_PayMate_for_mobile_payment_solutions/articleshow/2725765.cms "Cosmos Bank partners with PayMate for mobile payment solutions"], ''Economic Times'', 23 January 2008