PayMate
 |
|
| Type | Private |
|---|---|
| Industry | Mobile commerce |
| Founded | May 2006 |
| Headquarters | Mumbai, India |
| Key people | Ajay Adiseshann, Founder and CEO[1][2] |
| Products | Payments |
| Website | Official Website |
PayMate is a mobile commerce company that has built the largest mobile payments network in India based in Mumbai,.[3] PayMate enables people to transact and make payments from anywhere with their mobile phone. The possible transactions PayMate allows include buying flight, train and movie tickets,online and retail shopping[4] purchasing life insurance, and everyday transactions like shopping or dining out.[5]
Founded in May 2006, PayMate has built a payments network in India with over 3000 online[6] and 12000 offline merchant partners, including Futurebazaar, Indiaplaza, Indiatimes, Autsun, Rediff, and Sify. PayMate's has over 30 bank partners including ABN Amro,[7] Canara Bank, Corporation Bank, HDFC, and Standard Chartered. The PayMate service works on all phone operators in India.[8]
PayMate has also started expanding internationally. In 2008, PayMate expanded to Sri Lanka by partnering with the Bank of Ceylon. PayMate is also present in Nepal, partnered with a number of banks here.
PayMate was selected by Red Herring as being among Asia’s Top 100 start-ups two years in succession.
PayMate is PCI DSS compliant, adhering to the highest standards of security as outlined by Visa, Amex and MasterCard.[9]
PayMate India is funded by Silicon Valley-based venture capital companies Kleiner Perkins Caufield & Byers, the Mayfield Fund, and Sherpalo Ventures.
See also [edit]
Sources [edit]
- ^ "MyGiftMate: Gift thye SMS Way - Jaya Smitha Menon - SiliconIndia Magazine". Siliconindia.com. 2008-08-01. Retrieved 2010-07-27.
- ^ "PayMate Founder Ajay Adiseshann on E-Commerce via SMS". PodTech.net. 2007-05-02. Retrieved 2010-09-28.
- ^ "Contact PayMate". Paymate.co.in. Retrieved 2010-07-27.
- ^ "Pay by Phone", My Mobile, 17 August 2007
- ^ "Corp Bank, PayMate in tieup" National Herald, 8 August 2007
- ^ "SMS your way into people's hearts". Press-releases.techwhack.com. Retrieved 2010-07-27.
- ^ "ABN Amro, PayMate tie up for mobile payments-Banking-Banking/Finance-News By Industry-News-The Economic Times". Economictimes.indiatimes.com. 2008-05-22. Retrieved 2010-07-27.
- ^ "Tata Indicom-PayMate to offer flight ticket booking on mobile- Telecom-News By Industry-News-The Economic Times". Economictimes.indiatimes.com. 2008-03-27. Retrieved 2010-07-27.
- ^ "Pay with a Click". Mumbai Mirror,4 May 2008
- "ABN Amro, PayMate tie up for mobile payments", Economic Times, 22 May 2008
- "Tata Indicom-PayMate to offer flight ticket booking on mobile", Economic Times, 27 March 2008
- "India's PayMate Closes $9 Million Second Round Financing", Payments News, 10 June 2008
- "Cosmos Bank partners with PayMate for mobile payment solutions", Economic Times, 23 January 2008
- "PayMate raises $9 million in second-round funding", Business Standard, 10 June 2008
- "SMS your way into people's hearts", Tech Whack, 9 July 2008
- "Venture capitalists invest $9 mN in PayMate", Economic Times, 11 June 2008
- "MyGiftMate: Gift the SMS Way", SiliconIndia, August 2008
- "PayMate Launches GiftMate - A Revolutionary New Mobile Gift Voucher", Indo-American News, 13 June 2008
- "PayMate Raises US $9 Million from Mayfield Fund, Kleiner Perkins Caufield & Byers and Sherpalo Ventures",Indo-American News, 20 June 2008
- "PayMate Founder Ajay Adiseshann on E-Commerce via SMS", Pod Tech, 2 May 2007
- "A Ticket to Fly Courtesty SMS", My Mobile, 19 July 2007
