PayMate is the first of its kind mobile payment service

What Company Is Offering:
PayMate is a Mumbai based wireless transactions platform provider. PayMate is a spin-off from Coruscant Tec, a sister concern with a focus on wireless content. PayMate has created a viable ecosystem to enable wireless transactions connecting banks, switches, merchants and customers using a simple, secure and seamless technology.

How It Works:


PayMate is the first of its kind mobile payment service in India, which helps transform your phone into a wallet. So, now you can shop online, buy movie & airline tickets, send flowers & gifts, pay your bills, subscribe to newspapers and magazines, pay for goods at your favourite restaurant and retail store, using your mobile phone.You register for PayMate with your bank but this process is paperless and over the phone. To register for PayMate you have multiple options to choose from:- Call your bank’s phone banking number directly.Visit the nearest Corporation bank ATM to register.
You can use this service at any of PayMate's accredited merchants. While PayMate’s merchant base already includes over 2,500 online portals, leading voice portals and some key retail chains, this list of merchants is growing rapidly. You will soon be able to buy movie & flight tickets, send flowers & gifts, pay for your bills & subscriptions & even pay at your favourite restaurant or retail store, simply through your mobile.

Why They Are In News Again:

India-based PayMate, a mobile payments company, is making its way to America. Hiring Dhruv Singh as VP of Americas, the goal is to grow PayMate in un-banked consumer markets, particularly in the US. Singh previously worked as the Director of Worldwide Business Development at AMD, and was at ATI Technologies prior to his position at AMD.

More at:http://www.paymate.in/faqs.asp