Enlighten yourself by capturing latest News and unique articles from Business and Tech world daily on your mail box. Subscribe Siliconindia Dailydose Now!!
Bangalore: Lakshmi Vilas Bank (LVB) has tied up with PayMate, a Mumbai-based wireless transactions platform provider, to provide mobile payment solutions to its customers across 250 branches in India.
After choosing PayMate, customers share the registered mobile number and the merchant triggers an IVR call to the customers mobile. Later on, a confirmation of the transaction status is sent to both the customer (via SMS) and the merchant (through the PayMate interface) within a few seconds. VS Reddy, MD and CEO, LVB said "We always strive to bring the best of banking convenience to our customers, whether it is through improved services over the years or through technologies that enable them to do more. Our partnership with PayMate will enable us to do both with an exciting mobile payment solution for our customers."
With PayMate, LVB customers will be able to use their mobile to pay for mobile recharge, utility bills, movie and flight tickets, online purchase, retail shopping and so much more at over 15,000 merchants in India registered with PayMate. Ajay Adiseshann, MD and Founder, PayMate says, "Our alliance with LVB will further bolster our payments ecosystem. Further, we are excited to bring mobile payments to LVB's customers and are confident that the sheer convenience of using their phones to make payments will drive the uptake and enhance customer satisfaction and loyalty."
Processing .....please wait.. 
The article has been forwarded.... 
