PayMate - Indian Mobile Payment Company - Enters North America

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Paymate, a leading mobile payment company based in India announced that they were extending their reach into the North American market.

They’ve hired Mr. Dhruv Singh as Vice President of Americas to lead their growth initiatives in the region that are focused on providing mobile payment solutions to the cross border remittance and the US unbanked consumer markets.

PayMate has built the largest ecosystem for mobile commerce in India by signing up merchants, banks, carriers, and consumers. PayMate is already accepted by over 3000 merchants in India and can be used to pay for purchases online, over the phone, and across the counter via the mobile phone.

“The cross border remittance and the US unbanked markets are worth billions of dollars annually. Through this expansion and local presence in the US, PayMate now has the ability to participate in and deploy innovative new solutions to these lucrative markets,” stated Ajay Adiseshann, Founder and CEO of PayMate. “With his strong management and international business
development experience, we are excited to have Dhruv on board to lead our North American operations and growth initiatives.”

Paymate’s American office will be based in Sunnyvale, California.

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