23 August 2017
Visit http://response.ncr.com

India's Syndicate Bank and PayMate team on m-banking

20 July 2009  |  1588 views  |  0 Source: PayMate

PayMate, India's leading mobile commerce company, has partnered with Syndicate Bank, one of India's leading nationalized banks, to provide mobile banking solutions to their customers across over 2000 branches.

This is PayMate's first foray into the lucrative Mobile Banking solution space. While PayMate has till date tied up with 22 leading banks and provided them with its mobile payment services & applications, PayMate will now also be offering holistic mobile banking applications which will include non-financial transactions as well.

Syndicate Bank customers will be able to download a mobile banking application on their GPRS enabled cell phones and this application will allow them to carry out their daily banking functions like funds transfer, stop-cheque, balance enquiry, cheque book request etc. Additionally, they will also be able to use their mobile to pay for mobile recharge, utility bills, movie & flight tickets and other online & retail purchases at over 15,000 PayMate registered merchants across India.

Speaking on the association Ajay Adiseshann, MD and Founder, PayMate says, "The high penetration of mobile phones is the definitive indication of the growth potential of m-commerce in India. With this technology we plan to offer Syndicate Bank customers an all new banking experience whereby they can conduct their banking and non-banking transactions through their mobile phones anytime anywhere."

PayMate's selection as the developer for Syndicate Bank's mobile banking initiative has come after a tough selection process where-in a total of 9 companies including Obopay, FSS, Unicell & NGPay participated in the bidding process.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.abe-eba.eudownload the paper now

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
18706 views comments | 42 tweets | 79 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
13265 views comments | 28 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11890 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11120 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10982 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job