PayMate to Expand to United Arab Emirates and other GCC Countries
Send us a message

Connect with us

  • LinkedIn - White Circle
  • YouTube - White Circle
Subscribe to our newsletter


Online Investments Pty Ltd t/a Mayfair 101 (ABN 981 34 785 890) provides investment and corporate advisory services including funds management, asset management, capital raising, corporate advisory, M&A (merger & acquisition) advisory, and direct investment either directly or via its wholly owned subsidiaries.


Mayfair 101 is a Corporate Authorised Representative (CAR # 001274568) of Quattro Capital Group Pty Ltd (AFSL # 334653). Mayfair 101's authority under its Corporate Authorised Representative Agreement with Quattro Capital Group Pty Ltd is limited to the provision of financial services to Wholesale clients only pursuant to the Corporations Act (Cth), including advice relating to deposit products, foreign exchange contracts, derivatives, interests in management investment schemes, and securities.  Mayfair 101 and its wholly owned subsidiaries are not deposit-taking institutions in Australia or the United Kingdom and are not authorised to conduct retail banking activities as specified in the Banking Act 1959 (Cth). 

© 2020 Mayfair 101. All rights reserved.

  • Mayfair 101

PayMate to Expand to United Arab Emirates and other GCC Countries

Updated: Jan 31

The National, 26 December 2019

Mayfair 101 portfolio company PayMate will invest $3 million in its Middle East operations with the aim of expanding across the Arabian Gulf by 2021.

PayMate set up a Dubai office in June earlier this year, will start to serve clients in the region from January 2020, beginning with the UAE.

PayMate is India’s first digital payments provider that allows consumers to pay for online and retail purchases using mobile phones.

It currently processes transactions worth more than $5 billion annually on its platform and plans to hit $8 billion to $10 billion by the end of India’s financial year in March.

For its operation in the Gulf, PayMate is relying on its partnership with global payments technology company Visa and tie-ups with several local banks including Emirates NBD, Dubai’s largest lender by assets.

» Click here to view the full article.