Now, pay bills from your mobile
TECHNOLOGY MERGER: Homepage of the website PayMate India.
Bangalore: The twin technologies of e-commerce and mobile phones have finally come together in India. Over 2,500 online selling sites have now tied up with mobile commerce solutions provider, PayMate India, to offer Web shoppers the option to make payments by a short message service or SMS.
The PayMate-powered sites include popular destinations such as Rediff, Jeevan Sathi and Naukri; online malls like Fabmall and Indiatimes and travel portals like MakeMyTrip, ClearTrip and TravelMart India.
The service can also be used outside of the Internet — to settle bills with PlanetM, the multi-city music store, and with service providers like VSNL or taxi operators like Mumbai Gold Cabs.
"Seijo and the Soul Dish" a popular restaurant on Waterfield Road in the Bandra suburb of Mumbai recently became the first eating place in India where one can pay the bill by a simple SMS message from a mobile phone.
PayMate is currently being offered to Citibank customers and credit card holders who need to sign up with the bank for this free service. Once registered they will receive a PIN number which they can send to authorise any payment. Both the merchant and the customer will receive a confirmation message from the bank approving the transaction. The payment model is said to be very secure as no credit or debit card information is exchanged. It has been built by Ernst Y& Young, which has put in place the security features.
India-based banks
Ajay Adiseshann, PayMate India's founder and Managing Director, says the technology to link up with 14 other India-based banks is in place and they will be added to the PayMate in a phased manner.
A list of all establishments in India which accept payment via PayMate has been placed on www.paymate.co.in. They range from apparel and astrology providers to florists and booksellers.
Whether clearing your bills at Taj, Kempinski, Ramee or Royal Orchid hotels or making a donation at the famous Siddhi Vinayak temple in Mumbai, your "manthra" for 2007 might well be "my phone is my wallet!"
Welcome to the e-world.
Bangalore: The twin technologies of e-commerce and mobile phones have finally come together in India. Over 2,500 online selling sites have now tied up with mobile commerce solutions provider, PayMate India, to offer Web shoppers the option to make payments by a short message service or SMS.
The PayMate-powered sites include popular destinations such as Rediff, Jeevan Sathi and Naukri; online malls like Fabmall and Indiatimes and travel portals like MakeMyTrip, ClearTrip and TravelMart India.
The service can also be used outside of the Internet — to settle bills with PlanetM, the multi-city music store, and with service providers like VSNL or taxi operators like Mumbai Gold Cabs.
"Seijo and the Soul Dish" a popular restaurant on Waterfield Road in the Bandra suburb of Mumbai recently became the first eating place in India where one can pay the bill by a simple SMS message from a mobile phone.
PayMate is currently being offered to Citibank customers and credit card holders who need to sign up with the bank for this free service. Once registered they will receive a PIN number which they can send to authorise any payment. Both the merchant and the customer will receive a confirmation message from the bank approving the transaction. The payment model is said to be very secure as no credit or debit card information is exchanged. It has been built by Ernst Y& Young, which has put in place the security features.
India-based banks
Ajay Adiseshann, PayMate India's founder and Managing Director, says the technology to link up with 14 other India-based banks is in place and they will be added to the PayMate in a phased manner.
A list of all establishments in India which accept payment via PayMate has been placed on www.paymate.co.in. They range from apparel and astrology providers to florists and booksellers.
Whether clearing your bills at Taj, Kempinski, Ramee or Royal Orchid hotels or making a donation at the famous Siddhi Vinayak temple in Mumbai, your "manthra" for 2007 might well be "my phone is my wallet!"
Welcome to the e-world.
Source : Hindu
posted by anandsonline @ Sunday, January 21, 2007
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