SIDEC, PAYMATE TO EMPOWER SMES WITH CASH FLOW FLEXIBILITY, STREAMLINE SUPPLIER PAYMENTS

By Muhamad Amir Aiman Azlan

SHAH ALAM, Nov 11 (Bernama) -- The Selangor Information Technology and Digital Economy Corporation (SIDEC) and PayMate have joined forces to empower almost 70,000 of Selangor’s small and medium enterprises (SMEs) business owners by providing extra payment options.

PayMate Asia Pacific general manager Amirreza Sawal said the partnership will empower SMEs across Malaysia to make supplier payments using their credit cards, regardless of the supplier's typical acceptance methods. 

He said through the PayMate platform, businesses can also enjoy up to 55 days of interest-free period, giving them greater flexibility in managing their working capital.

“In Malaysia’s B2B (business-to-business) space, many businesses face limitations in utilising credit cards for supplier payments, particularly when suppliers do not traditionally accept card payments directly.

“With PayMate, businesses can simply log into our web platform or app, add their credit card and make payments to any supplier. This flexibility helps SMEs manage cash flow more effectively and keep operations running smoothly,” he told Bernama recently.

Amirreza said the options provided by PayMate could help SMEs to grow by giving them more control over their finances which could help by reducing dependency on cash flow cycles as some businesses may face delays in payments, and limited working capital options. 

He also said the booming e-commerce market has created a strong need for flexible payment options to support cash flow, hence the partnership with SIDEC will strengthen the local ecosystem by giving SMEs in Selangor the flexibility to manage payments and scale their businesses in a fast-paced market. 

“Our message is simple, PayMate is here to fuel your ambition. In a world where cash flow can make or break a business, we’re giving you the flexibility to pay any supplier, anytime, with ease. This partnership goes beyond payments; it’s about empowering you to seize new opportunities without financial barriers.

“In line with Budget 2025’s vision, we are here to help you grow confidently with the tools you need to thrive. Together with SIDEC, we’re putting the power back in your hands,” he said. 

The PayMate platform is built on a PCI DSS-certified system that meets the highest standards for transaction security, enhanced with advanced encryption and strict security protocols to ensure safe transactions for businesses. 

-- BERNAMA 

Disclaimer: This is a paid advertorial. BERNAMA assumes no responsibility for the content, accuracy and opinions carried in the article.