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PayMate Giving Boost To M-Commerce
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Adds 2,500 clients, including Taj hotels, Shaadi.com and Oxford bookstore, to its kitty.
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Thursday, January 18, 2007:
M-commerce has woken up from its slumber. It grew as a significant field last year and will spread its wings even more this year. According to Internet and Mobile Association of India, the m-commerce market size is reported to be moving from Rs 5000 crore to Rs 9500 crore to 2007.
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Giving the field more momentum is PayMate India. It has added over 2500 online merchants as its customers. With PayMate consumers are able to pay via SMS for goods and services purchased online across various categories, including travel, astrology, electronics, education, jobs, NGOs, apparels, matrimony, entertainment and healthcare etc. It has now tied up with Taj hotels, Shaadi.com, Adlabs multiplexes, Oxford Bookstore.
“This may be termed as one of the biggest developments in m-commerce in India. E-commerce is already experiencing exponential growth and there is a pressing need for newer payment options for consumers. With an average of 8 million transactions being carried out every month, eShoppers in India now have a simple, easy and secure method of paying for goods and services via their mobile,” says Ajay Adiseshann, founder and MD, PayMate India.
The company has recently launched a voice- and SMS-based solution and a newly developed PayMate EDC machine for the offline retail sector.
PayMate is currently being offered to Citibank bank credit card and banking customers and will roll out services with other leading banks shortly. To use PayMate, Citibank customers need to sign up for this service free with the bank by simply sending `PAYMATE' as an SMS to 2484. The customer will then be called back and registered for the service following which they can conveniently pay at any of PayMate’s accredited merchants via a single SMS.
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Dear All,
If someone is looking forward to the most lousy online service in the world, then please go for paymate.
1) The payment authorization takes ages. I dont understand why it’s not instant when it is online.
2) The customer service is pathtetic. The email goes un-replied and the phone calls are not answered.
3) Friends, i would suggest you better purchase directly online thru credit card instead of goin thru paymate, it is secured and faster.
Short live paymate…..Amen….
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| - Ashfaque, , 3/31/2008 12:14:48 PM |
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