PayMate, a B2B payments and services provider that digitizes, 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.
The payments platform in a statement said its 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.
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.”
PayMate in a release said, “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.”