India, Oct. 27 -- BusinessWire India

Mumbai (Maharashtra) [India], October 27: PayMate India Limited ("PayMate" or the "Company"), a leading digital business-to-business (B2B) payments company, has announced its consolidated financial results for the fiscal year ending March 31st, 2023.

PayMate, as a group, achieved a Total Payment Volume (TPV) of Rs. 84,519 crores, with a robust 21% year-on-year growth compared to FY22 and an impressive 282% increase compared to TPV in FY21. The group's Revenue from operations has reached Rs. 1,351 crore, reflecting a substantial 12% year-over-year (Y-o-Y) increase from FY22 and an impressive 288% Y-o-Y growth from FY21. Gross profit has increased 8X from Rs 1.41 crores in FY22 to Rs 11.15 crores in FY...