Indiantelevision.com Team

(8 February 2007 10:00 pm)

MUMBAI: PayMate India mobile commerce solutions company which has been aggressively growing its payment eco-system to include online portals, voice portals and retailers has appointed Ambreesh Mohan as Vice President- Banking Alliances & Sales to further strengthen its merchant and bank acquisition initiatives.

The mobile phone today is more than just an instrument for voice communication. The number of subscribers, the numerous add-on applications and the convenience of always being handy makes one wonder why the device cannot be used to initiate payments. At PayMate we are making this happen in a safe, secure and convenient way. It's an exciting space and I look forward to being a part of this lifestyle changing initiative," says Mohan.

Commenting on the appointment, PayMate India founder and managing director Ajay Adiseshann says, "Ambreesh's valuable experience in the payments industry will be a great asset in aligning our offerings to banks and merchants. His expertise would give us a great impetus in building an alternate payment channel and more importantly building a new viable category which could redefine the payments space."

PayMate is currently being offered to Citibank bank credit card and banking customers and will roll out services with other leading banks shortly. PayMate will shortly be available on several leading websites including travel & hospitality, consumer products, matrimony, jobs, apparels, astrology, gifts, NGO's etc. The company is also in the process of tying up with several offline merchants such as telco's, utilities, insurance companies, cable and broadband services, tele-shopping etc and will be announcing its tie-ups in a phased manner.