26 February 2017
visit dh.com

Indian m-payments outfit PayMate eyes North American remittance market

04 December 2007  |  8503 views  |  0 mobile keypad

Indian mobile payments company PayMate is targeting the growing cross-border remittance and unbanked markets in North America by opening a new office in California.

PayMate has hired Dhruv Singh as vice president of Americas to head its North America headquarters in Sunnyvale.

Singh was previously director of worldwide business development at AMD where he was responsible for all market and sales development strategies, initiatives, and execution for the HP worldwide account.

Prior to that role Singh led the worldwide corporate and professional graphics sales and business development efforts at ATI Technologies.

PayMate was founded in May 2006 and now has over 3000 merchants signed up in India, is an SMS based payment service that allows customers to use their mobile phone as a credit or debit card.

The company is looking to cash in on the multi billion dollar cross border remittance market in the US and sign up some of the millions of Americans that do not have bank accounts.

Says Singh: "PayMate, in a short span of time, has successfully positioned itself at the forefront of the emerging m-commerce business in India. With this expansion, PayMate has the ability to deploy its innovative solutions to a global marketplace."

Earlier this year PayMate formed a partnership with Infonox, a provider of systems for the delivery of financial services to Kiosks and ATMs. PayMate says the alliance will allow merchants and banks that currently use the Infonox platform to offer branded transaction services via mobile phones.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Obopay raises $29m in third round funding

Obopay raises $29m in third round funding

12 July 2007  |  6448 views  |  0 comments
Mobile payments set to take off in developing world - Juniper Research

Mobile payments set to take off in developing world - Juniper Research

10 July 2007  |  10949 views  |  0 comments
Verizon to offer mobile payments via Obopay

Verizon to offer mobile payments via Obopay

21 June 2007  |  6632 views  |  0 comments
Citi partners Obopay for P2P m-payments pilot

Citi partners Obopay for P2P m-payments pilot

28 February 2007  |  12254 views  |  0 comments
OboPay launches m-payments service in US

OboPay launches m-payments service in US

30 March 2006  |  12736 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comvisit BNP paribasVisit Yelloco.co.uk

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12718 views comments | 52 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8579 views comments | 40 tweets | 34 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6885 views comments | 7 tweets | 4 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6823 views comments | 18 tweets | 13 linkedin
hands typing furiouslyBlockchain Technology
6298 views 1 | 16 tweets | 7 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job