PayMate selected by Red Herring 100 Asia 2007

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PayMate , a leading Indian mobile commerce company, has been chosen as one of the 100 most innovative, privately held technology companies in the Asia-Pacific region for the second year in a row. PayMate and other nominations were reviewed and assessed through rigorous analysis of quantitative and qualitative criteria such as; financial performance, technology innovation, market, management, execution of strategy and its integration into their ecosystems.

 

PayMate, a spin off from Coruscant Tec in May 2006, focuses solely on mobile commerce solutions. PayMate has developed its signature mobile payment solution-PayMate which offers users the convenience and security of paying for transactions via their mobile phones. In 2006, Coruscant Tec was instrumental in ushering a revolution in the Indian VAS market through its innovative product offerings and thereby featuring in the Red Herring 100 Asia Awards 2006. Seldom have two Indian companies with the same founding team received international recognition two years in a row for two diverse technologies.

 

Mr. Ajay Adiseshann, Managing Director and founder of PayMate, said, "PayMate's selection in the Red Herring 100 Asia 2007 is reflective of the fact that we have one of the largest m-commerce eco-systems comprising of over 3000 well branded blue chip merchants (online, physical retail, utilities, voice portals) in less than 1 year of operations. We are confident of growing this number significantly in the coming months."

 

PayMate, in a short span of time, has successfully positioned itself at the forefront of the growth of m-commerce in India and is committed to appeal to global customers too.  While the convenience of being able to pay anywhere, anytime via mobile is what will fuel the growth, it's the simplicity and ease of use that gives PayMate the cutting edge over other m-payment platforms.

 

PayMate offers the world's first 3 in 1 "private meta search-book-pay engine" for flight ticketing which allows a customer to retrieve the days top 10 best flight deals for any and all airlines on a particular sector & date, book and pay for the same in 3 short sms's from start to end. Similar 'best deal' engines are also available for movie tickets, car bookings, hotel bookings, shopping, flowers, etc. The average time to execute a transaction is 1/5th of the time as compared to other MOTO transaction methods viz. the telephone, mail, IVR and internet. 

 

Sourced From: Perfect Relations Limited