PayMate
 | |
| Private | |
| Industry | Mobile commerce |
| Founded | May 2006 |
| Headquarters | Mumbai, India |
Key people | Ajay Adiseshann, Founder and CEO[1][2] |
| Products | Payments |
| Website |
www |
PayMate is a mobile commerce company in Mumbai.[3]
PayMate's has bank partners including ABN Amro.[4] The PayMate service works on all phone operators in India.[5]
PayMate India was funded in 2008 by Silicon Valley-based venture capital companies Kleiner Perkins Caufield & Byers, the Mayfield Fund, and Sherpalo Ventures.[6][7][8][9]
In 2008, PayMate expanded to Sri Lanka by partnering with the Bank of Ceylon. PayMate is also present in Nepal, partnered with a number of banks there.
In 2012, Paymate launched a PayPOS application, which allows small businesses to accept credit and debit cards and process electronic transactions directly on their mobile phones at the point of sale (POS).[10]
Sources
- ↑ "MyGiftMate: Gift thye SMS Way - Jaya Smitha Menon - SiliconIndia Magazine". Siliconindia.com. 2008-08-01. Retrieved 2010-07-27.
- ↑ "PayMate Founder Ajay Adiseshann on E-Commerce via SMS". PodTech.net. 2007-05-02. Retrieved 2010-09-28.
- ↑ "Contact PayMate". Paymate.co.in. Retrieved 2010-07-27.
- ↑ "ABN Amro, PayMate tie up for mobile payments-Banking-Banking/Finance-News By Industry-News-The Economic Times". Economictimes.indiatimes.com. 2008-05-22. Retrieved 2010-07-27.
- ↑ "Tata Indicom-PayMate to offer flight ticket booking on mobile- Telecom-News By Industry-News-The Economic Times". Economictimes.indiatimes.com. 2008-03-27. Retrieved 2010-07-27.
- ↑ "PayMate Raises US $9 Million from Mayfield Fund, Kleiner Perkins Caufield & Byers and Sherpalo Ventures",Indo-American News, 20 June 2008
- ↑ "India's PayMate Closes $9 Million Second Round Financing", Payments News, 10 June 2008
- ↑ "Venture capitalists invest $9 mN in PayMate", Economic Times, 11 June 2008
- ↑ "PayMate raises $9 million in second-round funding", Business Standard, 10 June 2008 Archived October 16, 2008, at the Wayback Machine.
- ↑ http://www.medianama.com/2012/05/223-paymate-paypos/
- "PayMate Pivoting To B2B Platform", Techcircle, 26 November, 2014
- "Cosmos Bank partners with PayMate for mobile payment solutions", Economic Times, 23 January 2008
- "MyGiftMate: Gift the SMS Way", SiliconIndia, August 2008
- "PayMate Founder Ajay Adiseshann on E-Commerce via SMS", Pod Tech, 2 May 2007
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