PayMate to provide mobile banking solutions

Mumbai: PayMate, a mobile commerce company, has partnered with Syndicate Bank to provide mobile banking solutions to their customers across over 2000 branches. This is PayMate's first foray into the lucrative mobile banking solution space. While PayMate has till date tied up with 22 leading banks and provided them with its mobile payment services and applications, PayMate will now also be offering holistic mobile banking applications which will include non-financial transactions as well.

Speaking on the association Ajay Adiseshann, MD and Founder, PayMate says, “The high penetration of mobile phones is the definitive indication of the growth potential of m-commerce in India. With this technology we plan to offer Syndicate Bank customers an all new banking experience whereby they can conduct their banking and non-banking transactions through their mobile phones anytime anywhere.”