PayMate: a payment challenger from Australia (?)

Hello all,

A quick post to introduce a perhaps new challenger in this amazing payment race that is going on right now:

PayMate.

Surely enough they are small and nimble – processing $22M of payments in 2010 only compared to the $100B of PayPal or even the $5T of Visabut as they do Credit, their margins are probably very interesting and they are now backed a very healthy payment group called FlexiGroup wich should give them the legs they need to expand beyond their current development. Well done PayMate and welcome to the race.

http://blogs.wsj.com/dealjournalaustralia/2011/12/05/watch-out-paypal-flexigroup-purchases-paymate/

Image representing Paymate as depicted in Crun...

 

Sincerely,

David Pardo

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About newpayments

It is said that a revolution is at hand in payments and in eCommerce. I ll probably be talking about that.

Posted on 13/12/2011, in Uncategorized. Bookmark the permalink. Leave a comment.

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