IDBI join hands with PayMate

MUMBAI, INDIA: IDBI Bank, public sector bank, announced on Wednesday that it has entered in to a strategic partnership with PayMate, mobile commerce company, to enable Mobile Payments facility for its over 3.5 million customers.

The alliance would enable IDBI Bank customers to use PayMate's revolutionary, easy-convenient-secure mobile payment service and turn the tedious chore of paying regular utility bills into an effortless task, said a press release.

The customers could also use their mobile phones to pay for booking movie and flight tickets, restaurant bills, mobile recharge, online purchase and retail shopping at over 13,000 merchants in India registered with PayMate, it added.

Yogesh Agarwal, chairman and managing director, IDBI Bank says "Enabling our customers with the latest convenience tools that assist in their day-to-day transactions is one of our key goals. This tie-up with PayMate is one such important initiative."

Ajay Adiseshann, MD and founder, PayMate says "It is our privilege to partner with IDBI Bank. We are confident that customers of IDBI Bank will find immense value in using PayMate's widespread and easy to use Mobile payment services. Ajay added that with more services being added constantly, IDBI Bank would be able to leverage their platform to build stickiness with its existing customers while attracting new ones. ©CyberMedia News