Bank or Financial Institutions
Service.Streamline.Secure
As a bank or any other financial institution, you may be looking for tools to enable your customers and partners to do more, interact better with you and to streamline transactions and processes. Paymate offers a range of services to server your needs
Mobile Network Operator
Communicate.Optimize.Range
As a mobile network operator, you appreciate that the mobile is becoming a central tool in the lives of your customers. People have begun to rely on the mobile phone to act as a communication device, an information tool, a personal assistant and so much more. To maximize what you can bring to your customers, PayMate brings you a range of services to enable you to optimize your business
Merchants
Easy.Secure.Convenient
As a merchant, you need to ensure you receive your payments in a timely and secure manner. You also need to keep your customers satisfied by not only providing them with varied payment options to suit their various needs but also by providing any value added services wherever possible. You may be looking for tools to enable your customers and partners to do more, interact better with you and to streamline transactions and processes. PayMate offers a range of services to serve your needs.
Technology Service Provider
Solutions.Optimize.Customize
As a Technology Service Provider, you are accustomed to customizing solutions for your clients. We in turn customize our solutions so that you are better able to serve your customers. To maximize what you can bring to your clients, PayMate brings you a range of services to enable you to optimize your business
| The Person to Person Remittance Opportunity |
| In the last year, people across the world have sent money to one another using various channels bringing the worldwide remittance market to over $328B in 2008. The Indian remittance market alone is worth over $50B. While there are a few international remittance solutions in the market, domestic person-to-person money transfer still largely depends on access to an existing banking system. |
| Mobile Money Transfer |
| Mobile based remittances can offer: |
- Better customer experience through notification alerts
- Instant gratification
- High frequency low value (new target audience)
- Lower fees to customers for sending money
- Process and customer improvement
- Increased customer loyalty
- Lower cost of “cash out”
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| PayMate mobile money transfer solutions are designed to make remittance via mobile accessible for both banked and unbanked customers: |
| Account-to-Account |
| PayMate enables inter and intra bank money transfer allowing users to transfer funds from one bank account to another instantly via the mobile phone. |
| Person-to-Person |
| PayMate facilitates both domestic and international person to person remittances enabling unbanked and under-banked customers to send & receive money via mobile phones where transfers can be initiated from the phone or at convenient agent/retail locations. |
| Money Transfer Process |
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- Safe - Secure way of money transferring money, protected by banking grade security
- Convenient: Flexible timings compared to banks and post offices, open on weekends and after office hours.
- Speed: Send & receive money within minutes. Receive confirmation directly on your mobile.
- Distribution & reach: Available at convenient agent/retail locations across geographies.
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