PayMate joins De’Xandra to offer B2B payments to Malaysian SMEs

By Gloria Mathias

PayMate, a B2B payment solutions provider, has entered into a partnership with De’Xandra, Malaysia’s perfume brand. The move aims to revolutionise B2B payment processes and boost the growth of Malaysian SMEs.

This collaboration marks PayMate’s entry into the Malaysian market, aligning with its mission to drive digital transformation within the region’s SME sector.

De’Xandra, Malaysia’s perfume distributor, is committed to efficiently managing its growing network of over 6,000 distributors. To maintain solid relationships and streamline operations, De’Xandra prioritises cash flow by efficiently collecting payments from distributors and making timely payments to suppliers. To support this, De’Xandra will use the PayMate platform to enhance its payables and receivables management, ensuring smooth and reliable transactions across its network. This partnership also marks a milestone for PayMate as it strengthens its presence in Malaysia’s SME sector, which contributes 38% to the country’s GDP and represents 97% of all businesses.

SMEs in Malaysia often face challenges such as inefficient invoice management, limited cash flow, slow receivables, and restricted payment options, which lead to tight liquidity and operational difficulties. The partnership between PayMate and De’Xandra aims to address these specific challenges for SMEs, particularly in the areas of cash flow management and payment acceptance.

Amirreza Sawal, General Manager of PayMate Asia Pacific, shared, “At PayMate, we believe that the backbone of Malaysia’s economy lies in its SMEs. Our mission is to empower these businesses with the tools they need to thrive. We are here to support every small business in Malaysia, providing them with innovative payment solutions so that they may overcome working capital challenges, grow confidently, and drive the nation’s prosperity.”

By leveraging PayMate’s advanced B2B payment automation solutions, Malaysian businesses will be able to efficiently collect payments from distributors and pay their suppliers using commercial credit cards while effectively managing their working capital.