Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
PayMate counts on DigiAsia deal
Mint Ahmedabad
|May 25, 2026
Firm also banks on fresh capital raise to clear staff dues
The DigiAsia deal comes at a time when PayMate is looking to expand its presence in South-east Asia.
PayMate India Ltd, the B2B payments firm backed by Visa Inc. and Lightbox Ventures, has been unable to pay its employees full salaries for as long as 12 months.
The firm said it cannot do so until a proposed acquisition deal with DigiAsia Corp closes and fresh capital flows in.
The Mumbai-based company, which once sought a ₹1,500 crore public listing in India, told Mint that outstanding employee dues and settlements are expected to be cleared by 30 June, once its transaction with DigiAsia Corp. and a funding round it expects to follow are completed. What was announced in 2024 as a $400-million deal with a cash component of at least $25 million has since been reworked. According to PayMate, "The DigiAsia deal is a stock swap, with no cash involved."
Denne historien er fra May 25, 2026-utgaven av Mint Ahmedabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Ahmedabad
Mint Ahmedabad
Cement cos expect 7-8% FY27 growth
Leading cement makers expect a healthy growth in the range of 7-8% in fiscal year 2027 (FY27), driven by government infrastructure spending, housing demand and urbanisation, notwithstanding short-term headwinds due to rising fuel costs amid the West Asia crisis.
1 min
May 25, 2026
Mint Ahmedabad
Alternative investors eye SMEs ahead of mainboard migration
Major alternative asset firms are devising strategies to invest in small- and medium-sized enterprises (SMEs), aiming to capitalize on liquidity differences when firms move from junior exchanges to mainboards.
2 mins
May 25, 2026
Mint Ahmedabad
The stock market has never been so good when people have felt so bad
Americans are in a decidedly bad mood. The stock market is decidedly not.
3 mins
May 25, 2026
Mint Ahmedabad
PayMate counts on DigiAsia deal
Firm also banks on fresh capital raise to clear staff dues
2 mins
May 25, 2026
Mint Ahmedabad
Sebi may rejig margin rules to counter new-age risks
India’s market regulator is evaluating a broad revamp of the country’s margin framework for both cash equities and derivatives trading as it looks to align risk management systems with today’s market structure, according to three people aware of the development.
2 mins
May 25, 2026
Mint Ahmedabad
Anthropic's equity confusion: don't loosen disclosure norms
The US would err by making it easier to keep investors in the dark
3 mins
May 25, 2026
Mint Ahmedabad
LNG tanker exits Hormuz for India for first time since war began
A liquefied natural gas (LNG) tanker carrying a shipment for India has exited the Strait of Hormuz, the first for the country from the Persian Gulf since the Iran war began months ago as the region’s exporters discreetly supply key buyers.
1 min
May 25, 2026
Mint Ahmedabad
Choosing lower volatility with debt funds
Mutual funds have become a popular option for many investors. However, comprehensive due diligence must be undertaken before investing.
1 mins
May 25, 2026
Mint Ahmedabad
‘Hero riding on new launches, scooters’
Two-wheeler maker Hero MotoCorp Ltd is confident of strengthening its leadership with double-digit growth in fiscal year 2027 (FY27), during which it expects to launch over 12 new products, according to chief executive officer (CEO) Harshavardhan Chitale.
1 min
May 25, 2026
Mint Ahmedabad
The rupee is facing an exogenous shock: let's respond accordingly
Capital outflows can overwhelm the fundamentals of an economy but India’s focus should be on appropriate policy responses
4 mins
May 25, 2026
Listen
Translate
Change font size