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.

hidden July 17, 2009 12:38:31 IST
PayMate To Offer Mobile Banking Soln To Syndicate Bank Customers

PayMate, a mobile commerce company, has partnered with Syndicate Bank, a nationalised bank, to provide mobile banking solutions to its customers across 2,000 branches. This is PayMate’s first foray into the mobile banking solutions space. While PayMate has till date tied up with 22 banks and provided them with mobile payment services and applications, PayMate will now also be offering holistic mobile banking applications, which will include non-financial transactions as well.

Ajay Adiseshann, MD and founder, PayMate, says, "The high penetration of mobile phones is a 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."

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 phones to pay for mobile recharge, utility bills, movie and flight tickets and other online and retail purchases at over 15,000 PayMate registered merchants across India.

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

Russian hackers who pose threat to US election have breached nuclear plants, power grid in the past
World

Russian hackers who pose threat to US election have breached nuclear plants, power grid in the past

The timing of the attacks so close to the election and the potential for disruption set off concern inside private security firms, law enforcement and intelligence agencies

Narendra Modi to deliver inaugural speech at Grand Challenges Annual Meet on 19 Oct
India

Narendra Modi to deliver inaugural speech at Grand Challenges Annual Meet on 19 Oct

The Prime Minister's Office Saturday said that the Grand Challenges Annual Meeting will convene this year virtually from 19 to 21 October

No information about creation of Aarogya Setu app, says MeitY; CIC issues show cause notice
India

No information about creation of Aarogya Setu app, says MeitY; CIC issues show cause notice

Information Commissioner Vanaja N Sarna, in a terse order, pointed out that the website of the application mentions that the content on it is "owned, updated and maintained" by MyGov and MeitY and directed the CPIO of the ministry to explain why they didn't have the requisite information