PayMate and DigiAsia's Partnership Could Reshape B2B Finance in Asia-Pacific

A significant fintech collaboration is emerging in Southeast Asia. PayMate India Ltd. and DigiAsia Corp (NASDAQ: FAAS) have announced a strategic alliance focused on accelerating PayMate’s proposed acquisition of DigiAsia’s Indonesian operations, while simultaneously building shared infrastructure across emerging markets.

What’s Actually Happening Here?

The partnership centers on four major initiatives: expanding enterprise payment cards, enabling faster cross-border B2B transactions, launching a stablecoin-based settlement system, and providing GPU computing power for AI services. It’s ambitious, but the numbers suggest there’s real opportunity.

The Card Play

DigiAsia will distribute PayMate’s commercial card platform throughout Southeast Asia. Regional B2B card transaction volumes could exceed $80 billion by 2026. For context, the broader Asia-Pacific cross-border B2B payments market sits at $500 billion—so this move targets a meaningful slice of existing flows.

Stablecoin Settlement Layer—The Infrastructure Bet

Here’s where it gets interesting. The partnership introduces a B2B settlement infrastructure supporting USDT, USDC, BTC, ETC, SOL, and TRX, convertible into traditional currencies (USD, EUR, SGD, GBP). This positions both companies to capture demand as stablecoin adoption in enterprise finance accelerates. Industry analysts forecast global stablecoin usage could surpass $6 trillion by 2028.

The GPU Economics Angle

DigiAsia’s 5,120 NVIDIA GPUs will power a GPU-as-a-Service platform aimed at financial services, telecom, and public sector workloads. The GPUaaS market itself is projected to reach $18 billion by 2027. This suggests the partnership isn’t just about payments—it’s positioning for the AI infrastructure wave.

Why This Matters

Ajay Adiseshann, Founder & Managing Director at PayMate, framed it as building “a unified fintech and AI backbone across emerging markets.” Prashant Gokarn, Co-CEO at DigiAsia, emphasized scaling digital financial access in high-growth economies.

The real story: two fintech players are consolidating capabilities—payments, FX rails, stablecoin infrastructure, and GPU compute—to serve a market increasingly demand these services together. Whether it delivers on the promise depends on execution and regulatory approval.

About the Companies: PayMate processed $10.5 billion in payments during FY24, offering commercial cards, invoice financing, and cross-border services. DigiAsia operates as a Fintech-as-a-Service platform with embedded finance APIs across Southeast Asia, India, and the Middle East.