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It all started with RBI suddenly realizing the importance & wide array of applications of mobile banking and planned to start working on operative norms! According to their draft, banks are supposed to get explicit written permissions from their customers and one time registrations to be done to take care of all formalities.

According to the latest guidlines drafted by RBI banks may soon have to issue separate M-Pins for customers who wish to use their mobiles for making payments. With mobile payment players like paymate, mchek, ngpay and others lining up to offer mobile payments solution its only natural that the banks collaborate and make another convenience [...]

Paymate which was recently in the news for raising funding and now it has come in the news again for a new tie up with Sify iWay chains of cybercafe’s across the country to promote its Giftmate mobile vouchers for both online and offline shopping. Paymate has a lot going for it especially the recent [...]

On the whole it does seem that there is potential and paymate seems to be doing all the right things for an early mover in a nascent market i.e. raising enough money, doing multiple tie ups and in general leading the industry. But funding along with its pro’s has its cons as well. A funded startup could become an alienated startup..

 
Brace up. After the 15th of June, you probably will be able to use your mobile phone as a debit card or a credit card.
 
 
The Reserve Bank of India, in its annual policy statement on Tuesday, said it was in the process of formulating the guidelines for a payment system using mobile phones. RBI is in [...]

The railways plan to tap some 100, 000 recharge vendors and mobile phone service providers to offer cellphone ticketing across India.
 
 
“When you go to a recharge shop for a top-up, all you need to do is to ask the vendor to also accept separate payment for the railway ticket. The money deposited for the ticket [...]

In the WAT (Web, Advertising and Technology) Space it seems to be a phase of tieups where companies are trying to build core value by partnering with others. This is especially being seen in the travel space. Lets look at two such tieups which happened recently:
 
Makemytrip Ties Up with IBM Daksh To Outsource Contact Centre [...]

Paymate the mobile payment solutions company has started spreading its wings beyond India. Paymate has tied up with Bank of Ceylon (BOC) a Sri Lankan Bank. With this new tieup BOC banking customers will now be able to make their monthly electricity, water and telephone bill payments via SMS.
 
 
Ajay Adiseshann, MD and Founder, PayMate said [...]

Paymate one of indias leading mobile payment service is now launching a sms based advertising service which is some what similar to what others are already providing.
Paymate has tied up with some online travel agencies, travel Guru being the 1st and is providing a simple sms based service wherein users can search for travel related [...]

King fisher airlines one of inidas premier airline companies have tied up with Paymate a mobile payment solution provider where users will be able to search, book & even pay for their tickets from the cell phone. the service is called ‘FLYBUYSMS’ where users can do all the above from their mobile handsets using sms [...]

One of India’s biggest travel portal is now offering payment service trough the mobile phone. Users can search book tickets and pay instantly all from their mobile handset. All this would be possible trough a simple SMS.
Makemytrip has hade a tie up with Paymate. Paymate is a mobile payment solution provider that allows people [...]