Monthly GST payments on PayMate may double by FY22-end
By IANS |
Published on
Wed, Mar 10 2021 23:12 IST |
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Temp GST compensation retention isn t diversion of cess: Fin Min sources. Image Source: IANS News
New Delhi, March 10 : B2B payments platform PayMate expects monthly GST payments on its platform to nearly double by the end of FY22.
In a statement, the company said that its full-stack payment automation platform has processed over $130 million GST payments monthly during the pandemic year through bank-issued visa commercial cards. These transactions are projected to grow over $250 million being processed every month in the upcoming fiscal year ending March 2022, it said.
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