IDBI Bank Partners With PayMate For Mobile Payment Solutions

The alliance will enable IDBI Bank customers to use PayMate's convenient and secure mobile payment service and turn the tedious chore of paying regular utility bills into an effortless task.

hidden January 31, 2017 01:58:52 IST
IDBI Bank Partners With PayMate For Mobile Payment Solutions

IDBI Bank has launched a strategic partnership with mobile commerce company PayMate to enable mobile payments facility for its customers.

The alliance will enable IDBI Bank customers to use PayMate's convenient and secure mobile payment service and turn the tedious chore of paying regular utility bills into an effortless task. Additionally, customers can also use their mobile phones to pay for booking movie and flight tickets, restaurant bills, mobile recharge, online purchase and retail shopping at over 13,000 merchants in India registered with PayMate.

Yogesh Agarwal, chairman and managing director, IDBI Bank, said, "Enabling our customers with the latest convenience tools that assist in their day-to-day transactions is one of our key goals. This tie-up with PayMate is an important initiative in this direction."

Ajay Adiseshann, MD and founder, PayMate, says, "It is our privilege to partner with IDBI Bank. We are confident that customers of IDBI Bank will find immense value in using PayMate's mobile payment services. With more services being added constantly, IDBI Bank will be able to leverage our platform to build stickiness with its existing customers while attracting new ones."

An IDBI Bank customer can avail of free registration for PayMate's mobile payment service at any IDBI Bank Branch (registrations will shortly be extended on ATMs and through NetBanking). Once registered, the process links the customer's mobile number to his/her operative bank account and a secure Mobile Banking PIN (m-PIN) is sent to the customer. A customer can then start transacting via his phone.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Cashing it out: Why mobile payments are fostering the development of a cashless future
Biztech

Cashing it out: Why mobile payments are fostering the development of a cashless future

How mobile migration helps the payments industry in minimising the traditional reliance on cash

PayMate To Offer Mobile Banking Soln To Syndicate Bank Customers
Biztech

PayMate To Offer Mobile Banking Soln To Syndicate Bank Customers

PayMate will now also offer holistic mobile banking applications, which will include non-financial transactions as well.

Lakshmi Vilas Bank Extends The Mobile Experience With PayMate
Biztech

Lakshmi Vilas Bank Extends The Mobile Experience With PayMate

The mobile application will enable the bank's customers to make utility bill payments, book movie tickets and airline tickets, and carry out fund transfers among a host of other facilities.