Like mchek, Paymate too links a bank account or credit card to a cell phone for instant payments. It is compatible with almost all handsets and network operators. All a user needs to do is register with the partner bank of Paymate and link the account to a mobile number. There is a list of such banks listed on Paymate’s website. It includes ICICI, Dena Bank, Bank of India, HDFC Bank, SBI, IDBI, RBS, Canara, Indian Overseas Bank, and many others. The payment can be made by sharing the mobile number with the service. The user will receive an IVR call from Paymate to confirm the transaction amount and to ask for the authorisation with the PIN. As soon as the PIN has been entered the transaction is processed. Once the transaction is completed, an SMS notification is sent. The only problem with this solutions is that it is not accepted for payment everywhere. However, with time Paymate’s reach can be expected to increase.