Funding Received
$14 Million in 2 Rounds from 3 Investors
Most Recent Funding
$9 Million Series B on June 1, 2008
Headquarters:
Mumbai
Description:
PayMate India is a mobile commerce company providing a wireless transactions platform.
Founders:
Probir Roy, Ajay Adiseshann
Categories:
E-Commerce
Website:
http://www.gopaymate.com

Company Details

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PayMate India is a Mumbai based wireless transactions platform provider founded by entrepreneurs Ajay Adiseshann and Probir Roy. PayMate solutions are simple, convenient, secure, and work on all major handsets & operators. These solutions enable consumers and merchants to make and receive payments on their mobile phones.

With PayMate, consumers have the ability to setup a mobile wallet account, fund it in multiple ways, use it to shop online or in retail stores, pay bills, buy tickets, top up pre-paid mobile phones, do person-to-person transfers, and much more. GiftMate is PayMate’s prepaid wallet offering. Green Money Transfer is PayMate’s money transfer service currently live in India.

PayMate’s Enterprise solutions enable merchants, banks, financial institutions, and money transfer companies to have deeper engagement with their customers. PayMate’s merchant solutions enable mobile and remote merchants to accept card based and mobile payments anytime, anywhere. PayMate’s remittance solution enables banks and money transfer companies to offer mobile initiated money transfers. PayMate’s MPP platform enables Financial Institutions and Mobile Operators to offer services like mobile banking, ewallet, bill payment, and person-to-person transfers to their customers.

PayMate’s India ecosystem includes over 15,000 merchants offering mobile payments to their customers; 30 banks including SBI, IDBI Bank, Standard Chartered Bank, Corporation Bank, and Royal Bank of Scotland; 6000+ Galileo agents, and much more. PayMate is also live in Nepal and Sri Lanka. In the US PayMate has partnered with leading transaction service provider - TSYS Acquiring to offer mobile POS solutions.

PayMate’s list of security certifications includes compliances such as PCI DSS 1.2, PA-DSS 1.2 and Govt. Of India’s Cert-in, that certifies its systems, processes and infrastructure with banking grade security. Founded in 2006, PayMate is headquartered in Mumbai with its US and International Operations based out of San Jose, CA. It is backed by leading Silicon Valley venture capital companies Kleiner Perkins Caufield & Byers, Mayfield Fund, and Sherpalo Ventures. For more information please visit www.gopaymate.com or www.paymate.co.in or contact us at 1-888-430-4884.

Current Team (6)

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Investors (3)

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Offices/Locations (1)

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  • Office

    Maharastra,

    Mumbai,

    IND