Lakshmi Vilas Bank To Offer Mobile Payment Option With PayMate Soln

Lakshmi Vilas Bank has tied up with mobile commerce company PayMate to provide mobile payment solutions to its customers across 250 branches in India.

With PayMate, Lakshmi Vilas Bank customers will be able to use their mobile to pay for mobile recharge, utility bills, movie and flight tickets, online purchases and retail shopping at over 15,000 merchants in India registered with PayMate.

V S Reddy, MD and CEO, Lakshmi Vilas Bank, said, “As a heritage bank with a rich history, what differentiates us from others is our relationship with our customers and the value we offer them. We always strive to bring the best of banking convenience to our customers whether it is through improved services over the years or through technologies that enable them to do more. Our partnership with PayMate will enable us to do both with a mobile payment solution for our customers.”

Ajay Adiseshann, MD and founder, PayMate said, “Our alliance with Lakshmi Vilas Bank will further bolster our payments ecosystem. Further, we are excited to bring mobile payments to LVB’s customers and are confident that the convenience of using their phones to make payments will drive the uptake and enhance customer satisfaction and loyalty.”