Saudi Press

Saudi Arabia and the world
Sunday, Jun 22, 2025

PayMate Launches Into The Kingdom of Saudi Arabia. And appoints Kevin Phalen as an Independent Director.

PayMate Launches Into The Kingdom of Saudi Arabia. And appoints Kevin Phalen as an Independent Director.

PayMate announces its launch in the Kingdom of Saudi Arabia (KSA). Local large enterprises who adopt the PayMate platform can use bank-issued commercial cards on the platform to make early payments towards supplier invoices into their bank accounts and extend their days payables.
All payments made and received using the platform will be automatically reconciled, giving a clear single view into the business’s cash flow. The users will also have access to the platform’s custom approval workflows, APIs, and integrations with existing legacy ERPs for continuity in operations.

Recently PayMate announced the launch of its B2B payments platform in the UAE that it believes will change the way in which businesses will manage their Accounts Payables and Accounts Receivables (AP & AR), in partnership with prominent financial institutions – Visa, a world leader in digital payments, and Citibank, a leading provider of global commercial card solutions. This partnership will enable unified settlement of corporate card payments directly into suppliers’ bank accounts.

Speaking on the company’s expansion into KSA, Ajay Adiseshann, Managing Director & Chairman, PayMate India Private Limited, says “We are going full steam ahead by offering our B2B payments platform in KSA after going live in UAE recently. The platform will provide end-to-end automation to its users which we believe will deliver the immediate benefits of our platform to these customers in terms of speed of payments and transparency over their cashflows and finances. Further, we believe that the adoption of the PayMate platform will add value to businesses who are facing regular payment delays.”

Additionally, PayMate has appointed Kevin Phalen, with experience in the global payments and financial services space, as an Independent Director, effective December 13, 2021. Kevin’s strategic insights will help the PayMate team in diverse areas including global expansion. Kevin has most recently worked at Visa Inc. (Visa) as their Head of Global Commercial Business and has experience in the payments industry.

On Kevin’s appointment, Ajay adds, “We are elated to have Kevin on-board at PayMate. Kevin’s experience will help us grow our global footprint and provide the PayMate B2B payments platform to a wider audience.”

Kevin Phalen further adds, “I am equally excited to join PayMate, one of the leading providers of financial technology solutions that digitize, automate and streamline B2B payments in supply chains and offers a cloud-based platform to customers for all their supply chain payments, statutory payments and bill payments. This is a booming sub-set of the overall payments industry in which PayMate, through its platform is offering supplementary avenues for businesses to use commercial cards and automate their end-to-end processes. Together, I am of the opinion, we will create a wider base of PayMate users across the globe.”

PayMate is a Visa certified Business Payment Solution Provider (BPSP) and is actively gearing up to offer its B2B payments platform and working capital offerings into other countries in CEMEA region in partnership with Visa and local Financial Institution partners. As of September 30, 2021, the PayMate platform is being used by more than 128,000 Indian businesses.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Black Box Recovered from Air India Crash Site
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Global News Roundup: From Ukraine's strategic military strikes and Russia's demands and Tensions Escalate in Ukraine, to serious legal issues faced by Britons in Bali and Trump's media criticism, the latest developments highlight a turbulent landscape
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
×