Mastercard and PayMate Forge Multi-Year Partnership to Transform B2B Payments Across EEMEA

Mastercard has announced a multi-year partnership with PayMate, a leading B2B payments provider, to facilitate fast, secure, and efficient digital business-to-business (B2B) payments for organizations across Eastern Europe, the Middle East, and Africa (EEMEA). The B2B payments market in these regions is projected to surpass $3 trillion in revenue by 2027, reflecting strong growth potential.

This collaboration aims to address common challenges in the EEMEA B2B landscape, including limited visibility, manual invoicing, and restricted payment options, which often lead to cash flow constraints and operational inefficiencies.

“At Mastercard, we are dedicated to empowering businesses of all sizes to harness the benefits of the digital economy,” said Amnah Ajmal, Executive Vice President, Market Development, EEMEA at Mastercard. “We believe this long-term partnership with PayMate will significantly streamline payables and receivables for businesses of every size.”

Ajay Adiseshann, Founder, MD & CEO of PayMate, commented, “We are thrilled to collaborate with Mastercard across the EEMEA region to meet the increasing demand for automation and digital solutions in the procure-to-pay cycle. With Mastercard’s vast network and PayMate’s comprehensive platform, we can help buyers pay sooner and sellers receive payments faster, benefiting businesses of all sizes and accelerating the B2B payment ecosystem.”

Through PayMate’s platform, businesses can utilize Mastercard commercial cards for a range of transactions, including utility payments, collections, and supplier payments—even to vendors who don’t typically accept cards. The platform offers up to 55 days of interest-free credit, reducing Days Sales Outstanding (DSO), improving cash flow, and optimizing credit utilization for greater financial efficiency.