PayMate and DigiAsia Corp Strengthen Strategic Alliance Ahead of Proposed Acquisition

Rhea-AI Summary

PayMate India and DigiAsia Corp (NASDAQ: FAAS) have announced a strategic partnership as a precursor to PayMate's planned acquisition of DigiAsia's Indonesian operations. The collaboration focuses on enhancing embedded finance, digital settlements, and AI infrastructure capabilities across India, Southeast Asia, and the Middle East. Key initiatives include expanding PayMate's enterprise card platform across Southeast Asia with expected B2B card volumes of $80B by 2026, leveraging DigiAsia's FX licenses for cross-border B2B transactions in Asia-Pacific's $500B market, implementing a stablecoin settlement system supporting multiple cryptocurrencies, and utilizing DigiAsia's 5,120 NVIDIA GPUs for a GPU-as-a-Service platform targeting various sectors with an estimated market potential of $18B by 2027.

Positive

• Strategic expansion into Southeast Asian markets through DigiAsia's Indonesian operations
• Access to $80B B2B card volume market by 2026 through enterprise card platform expansion
• Entry into $500B Asia-Pacific cross-border B2B payments market using DigiAsia's FX licenses
• Implementation of stablecoin settlement system with multiple currency support
• Access to 5,120 NVIDIA GPUs for GPUaaS platform targeting $18B market by 2027

Negative

• Integration risks associated with merging operations across multiple regions
• Regulatory compliance challenges in handling cross-border payments and cryptocurrency settlements
• Potential execution risks in implementing complex technological infrastructure

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Mumbai, India and Singapore, Singapore--(Newsfile Corp. - June 9, 2025) - PayMate India Ltd. ("PayMate"), a leading B2B payments platform, and DigiAsia Corp ("DigiAsia") (NASDAQ: FAAS), Southeast Asia's Fintech-as-a-Service innovator, announced a strategic partnership to accelerate alignment ahead of PayMate's proposed acquisition of DigiAsia's Indonesian operations.

The partnership enhances embedded finance, digital settlements, and AI infrastructure capabilities, unlocking opportunities in India, Southeast Asia, and the Middle East. It aims to build a next-gen fintech ecosystem for B2B payments, cross-border finance, stablecoin infrastructure, and GPU-powered AI services.

Strategic Highlights:

• Commercial Card Expansion: DigiAsia will roll out PayMate's enterprise card platform across Southeast Asia. Regional B2B card volumes are expected to exceed $80B by 2026.

• Cross-Border B2B Payments: PayMate will leverage DigiAsia's FX licenses and regional payment rails for faster cross-border B2B transactions across Asia-Pacific's $500B market.

• Stablecoin Settlement Layer: The partnership introduces a B2B settlement system supporting USDT, USDC, BTC, ETC, SOL, and TRX, convertible to USD, EUR, SGD, and GBP. Global stablecoin usage is forecasted to surpass $6T by 2028.

• AI Infrastructure via GPUaaS: DigiAsia's 5,120 NVIDIA GPUs will power a GPU-as-a-Service platform targeting financial services, telecom, and public sector AI workloads. The GPUaaS market is projected to top $18B by 2027.

"This isn't just a strategic tie-up-it's a foundational step towards building a unified fintech and AI backbone across emerging markets," said Ajay Adiseshann, Founder & Managing Director, PayMate.

"We're excited to deepen our collaboration with PayMate," added Prashant Gokarn, Co-CEO, DigiAsia. "This partnership accelerates our mission to scale digital financial access across high-growth economies."

About PayMate India Ltd.

PayMate streamlines B2B payments and working capital for enterprises and SMEs. With $10.5B processed in FY24, services span commercial cards, invoice financing, and cross-border payments.

About DigiAsia Corp (NASDAQ: FAAS)

DigiAsia Corp is a Fintech-as-a-Service platform delivering embedded finance APIs across payments, digital banking, and crypto-compatible infrastructure across Southeast Asia, India, and the Middle East.

Forward-Looking Statements:

This press release includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, regarding partnerships, expansion, and DigiAsia's strategic Bitcoin treasury. Actual results may differ due to market risks, regulatory changes, and other factors in the Company's SEC filings. The Company has no obligation to update these forward-looking statements unless required by law.

Media Contacts:
Prashant Gokarn, Prashant.gokarn@digiasia.asia

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254874

FAQ

What is the strategic partnership between PayMate and DigiAsia Corp (FAAS)?

PayMate and DigiAsia Corp are partnering to enhance embedded finance, digital settlements, and AI infrastructure capabilities across India, Southeast Asia, and the Middle East, preceding PayMate's planned acquisition of DigiAsia's Indonesian operations.

What is the expected B2B card volume for PayMate's enterprise card platform in Southeast Asia by 2026?

The B2B card volumes are expected to exceed $80 billion by 2026 through PayMate's enterprise card platform expansion across Southeast Asia.

How many NVIDIA GPUs does DigiAsia have for its GPU-as-a-Service platform?

DigiAsia has 5,120 NVIDIA GPUs that will power their GPU-as-a-Service platform targeting financial services, telecom, and public sector AI workloads.

Which cryptocurrencies will be supported in the new B2B settlement system?

The B2B settlement system will support USDT, USDC, BTC, ETC, SOL, and TRX, with conversion capabilities to USD, EUR, SGD, and GBP.

What is the projected market size for the GPUaaS platform by 2027?

The GPU-as-a-Service (GPUaaS) market is projected to reach $18 billion by 2027.