3 days ago
PayMate and DigiAsia enter strategic partnership
B2B payment entity PayMate and Fintech-as-a-Service platform DigiAsia have forged a partnership, aimed at expanding fintech offerings across several regions.
The collaboration focuses on embedded finance, digital settlements, and AI infrastructure, targeting India, Southeast Asia, and the Middle East.
It will lead to the creation of a fintech ecosystem that caters to B2B payments, cross-border finance, stablecoin infrastructure, and GPU-powered AI services.
DigiAsia will implement PayMate's enterprise card platform across Southeast Asia, while PayMate plans to use DigiAsia's existing foreign exchange licences and payment infrastructure to facilitate B2B transactions across the Asia-Pacific region.
The partnership will also introduce a settlement system for B2B transactions that supports an array of digital currencies, including USDT, USDC, BTC, ETC, SOL, and TRX.
These digital currencies will be convertible into major fiat currencies such as the US dollar, euro, Singapore dollar, and British pound.
In addition, DigiAsia's technological assets, which include 5,120 NVIDIA GPUs, will be employed to establish a GPU-as-a-Service platform, addressing the AI processing needs of sectors such as financial services, telecommunications, and public services.
This follows PayMate India's agreement to acquire Indonesian operations of DigiAsia (DigiAsia Bios) for $400m in September 2024.
PayMate managing director and founder Ajay Adiseshann said: "This isn't just a strategic tie-up-it's a foundational step towards building a unified fintech and AI backbone across emerging markets."
DigiAsia co-CEO Prashant Gokarn stated: "We're excited to deepen our collaboration with PayMate. This partnership accelerates our mission to scale digital financial access across high-growth economies."
PayMate services span commercial cards, invoice financing, and cross-border payments, targeting the financial operations of enterprises and small to medium-sized enterprises (SMEs).
DigiAsia Corp provides embedded finance APIs for payments, digital banking, and infrastructure compatible with cryptocurrencies.
Digiasia Bios is equipped with four licences through its affiliates, enabling it to offer digital payment, P2P lending, remittances, and digital financial services.
"PayMate and DigiAsia enter strategic partnership " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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