PayMate, a mobile payments company, has announced that it is entering theNorth American mobile market and has hired Dhruv Singh as vice president of Americas.
Ajay Adiseshann, founder and CEO of PayMate, said: The cross border remittance and the US unbanked markets are worth billions of dollars annually. Through this expansion and local presence in the US, PayMate now has the ability to participate in and deploy innovative new solutions to these lucrative markets.
Mr Singh, said: PayMate, in a short span of time, has successfully positioned itself at the forefront of the emerging M-commerce business in India. With this expansion, PayMate has the ability to deploy its innovative solutions to a global marketplace.