Bank or Financial Institutions
Service.Streamline.Secure
As a bank or any other financial institution, you may be looking for tools to enable your customers and partners to do more, interact better with you and to streamline transactions and processes. Paymate offers a range of services to server your needs
Mobile Network Operator
Communicate.Optimize.Range
As a mobile network operator, you appreciate that the mobile is becoming a central tool in the lives of your customers. People have begun to rely on the mobile phone to act as a communication device, an information tool, a personal assistant and so much more. To maximize what you can bring to your customers, PayMate brings you a range of services to enable you to optimize your business
Merchants
Easy.Secure.Convenient
As a merchant, you need to ensure you receive your payments in a timely and secure manner. You also need to keep your customers satisfied by not only providing them with varied payment options to suit their various needs but also by providing any value added services wherever possible. You may be looking for tools to enable your customers and partners to do more, interact better with you and to streamline transactions and processes. PayMate offers a range of services to serve your needs.
Technology Service Provider
Solutions.Optimize.Customize
As a Technology Service Provider, you are accustomed to customizing solutions for your clients. We in turn customize our solutions so that you are better able to serve your customers. To maximize what you can bring to your clients, PayMate brings you a range of services to enable you to optimize your business
| PayMate Prepaid Solutions |
PayMate’s prepaid wallet solution provides unmatched simplicity and flexibility in terms of registration, top-up and usage. The prepaid wallet is also an advanced, customizable gift voucher that can be sent to anyone, anywhere, instantly on their mobile. The prepaid wallet can then be used for a wide range of transactions and being an electronic voucher, gives the distributer the ability to customize communication, top-up balances, track redemption and more. |
| Registration |
Prepaid wallet registrations can be enabled via multiple avenues based on convenience, network limitations or geographical preference
- SMS, IVR, USSD, Web, WAP, or Retail. |
| Managing the mWallet |
PayMate’s prepaid solution allows for
- Reload via Credit or Debit card, Bank Account, Cash, Scratch card, P2P transfer
- Multi-currency support
- Transaction receipts for both customer and merchant via IVR as well as SMS
- Multiple tier support to manage reseller/agent network
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| Types of Transactions |
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Bill payments |
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Mobile Top-Ups |
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P2P payments |
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Retail Payments |
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Online Payments |
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| Security |
| The PayMate prepaid solutions enables consumers to shop with their mobile phones in a highly secure manner, whether across the counter, online or remotely. Each PayMate transaction over automated IVR is secured by a stringent 2-factor authentication, the mobile number and the m-PIN. Compliances such as PCI DSS 1.2 and the Govt. Of India’s Cert-in certify PayMate’s transaction systems and infrastructure with banking grade security. |
| Support |
Customers using PayMate’s prepaid solutions have access to
Account Management
Customers can update profiles, add/delete funding sources and check balance & transaction history
Administrator Module
The module is enabled to track transaction history and trends, generate custom reports, set limits and more. |
PayMate Prepaid Vs Traditional Vouchers |
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Transaction process |
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| Prepaid Mobile Payment Advantages |
Increase Revenue
Increased services combined with readily available access result in increased transactions and revenue opportunities for financial institutions |
New Customer Acquisition
Acquire new customers in varied geographic areas (branchless banking) |
Financial Inclusion
Bring unbanked and under-banked customers into the banking fold |
Cross Marketing Opportunities
Add loyalty and rewards redemption options and cross market other services such as loans & insurance to a newly acquired customer base |
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