Gadgets and Gizmos (India) - - MOBILES TRENDS -

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.

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