PayMate is a Mumbai based wireless transactions platform provider founded by entrepreneurs Ajay Adiseshann and Probir Roy. PayMate is funded by Venture Capital firms Kleiner Perkins Caufield & Byers, Sherpalo Ventures and Mayfield Fund. Some companies that are a part of their portfolios are Google, AOL, Amazon, Sun Microsystems and SanDisk among others. PayMate has offices in India, USA, Sri Lanka, Nepal and UAE making it the single largest M- Commerce company in the sub continent, offering customized mobile payment solutions in each market with local partners.

PayMate’s mobile payment system consisting of a hybrid SMS and IVR based transaction platform along with its BREW and j2ME application suite offers unparalleled simplicity making it usable on even the most basic handsets, across all telecom operators. In addition, PayMate’s suite of enterprise solutions for wireless transactions consists of everything from electronic transaction process, POS Solutions to Mobile Banking applications serving clients across Asia, North America, Africa and the Middle East. PayMate’s list of security certifications includes compliances such as PCI DSS 1.2, PA-DSS 1.2 and Govt. Of India’s Cert-in, certifying its systems, processes and infrastructure with banking grade security.

PayMate has an ecosystem of over 15,000 merchants offering mobile payments to their customers. PayMate has tie-ups with over 30 banks in India including SBI, IDBI Bank, Standard Chartered Bank, Corporation Bank, Royal Bank of Scotland to name a few, and has also tied up with Galileo to offer its 6,000+ agents a remote payment collection solution via mobile. In the US PayMate has partnered with leading transaction service provider-TSYS to offer merchant mobile POS solutions and is steadily foraying into mobile money transfer as part of its inclusive banking roll-outs.