PayMate Attains PCI DSS 1.1 Compliance
The PayMate service enables consumers to shop with their mobile phones across the counter, online, remotely, over telephone (automated IVR).
PayMate, a mobile commerce solutions company, has attained the PCI DSS 1.1 compliance. The PayMate service enables consumers to shop with their mobile phones across the counter, online, remotely, over telephone (automated IVR), said the company.
According to Probir Roy, co-founder, PayMate, “This has been one of the fastest PCI DSS certifications in the world for a mobile payments service and company, and one of few in India. With the mobile universe at 210 million and growing monthly at 8 million, the use of mobiles as a safe and secure electronic payment mechanism will have benefits to today’s consumers who have been hitherto limited with Internet e-commerce penetration. This should prove a huge fillip to e-commerce in general, with mobile as the new e-medium."
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The service would allow customers to search, book and pay for tickets start-to finish on the mobile itself.
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.
Cosmos Bank has partnered with PayMate to offer 'pay buy sms' service to its customers.