| COMPANY NAME | PAYMATE INDIA LIMITED |
|---|---|
| NATURE OF BUSINESS | FINANCIAL SERVICES |
| ISIN NO | INE08J501021 |
| FACE VALUE | Rs.10/- |
| PROMOTERS | Mr. AJAY ADISESHAN & VISHVANATHAN SUBRMANIAN |
| COMPANY WEBSITE | www.paymate.com |
| YEAR OF ESTABLISHMENT | 2006 |
| REGISTERED ADDRESS | PAYMATE INDIA LIMITED,NO.111, 1ST FLOOR, A WING, SUNDERVILLA S.V.ROAD, SANTACRUZ (WEST), MUMBAI 400054 |
PAYMATE INDIA LIMITED India's first mobile payments provider that allowed consumers to use their mobile phones to pay for online and retail purchases, make utility bill payments, purchase tickets, etc. via their bank account, credit card or a prepaid account.
The PayPOS application, that allowed small businesses to accept credit and debit cards and process electronic transactions directly on their mobile phones at the point of sale devices (POS), was also launched, shaping up the company's B2C offerings and disrupting the Indian payment landscape.
A person-to-person (P2P) mobile money transfer facility was also offered in association with Tata Indicom and Corporation Bank launched Green Money Transfer.
Platform features include Procure to Pay automation, credit evaluation, discount marketplace along with APIs for integration into existing accounts/ERP for minimal friction-based deployment. It is cloud-based and accessible across all form factors.
PayMate has a presence in South Asia (India) and UAE and is actively expanding across CEMEA and APAC.