PayMate to acquire DigiAsia for $400m.

PayMate, a digital B2B payments company, agreed to acquire DigiAsia, a fintech company, for $400m. "PayMate and DigiAsia will continue joint due diligence on both entities, identification of the right transaction structure, entering into definitive agreements and the necessary corporate and regulatory approvals of PayMate and DigiAsia which is expected to take up to 60 days. Subsequent to the closing of the Proposed Transaction, PayMate intends to initiate proceedings to list the combined entity in India," DigiAsia.