Corporation Bank launches mobile payments with PayMate

Mumbai, July 31 (UNI) Corporation Bank has partnered with PayMate to offer the first of its kind 'pay by sms' service to its customers.

The bank customers can now register for this free service and shop for flight tickets, movie tickets, car bookings, make donations and place newspaper classifieds simply via SMS.

Additionally, through the mobile payment, service customers can also pay at 3000+ merchants with just a simple sms. Effectively, this means paying for shopping bills, travel expenses, restaurant bills and much more.

After the launch of this new service, Mr Gopalkrishna, ED of Corporation Bank told mediapersons that ''The mobile base in india has currently crossed 185 million mark, with monthly additions of around seven million. The cellular service growth in India is on an upward trajectory and poised for robust growth in the next five years. The subscriber base is estimated go grow to 300 million by 2010. India is seen as a big market for mobile phone growth and is expected to be the world's third largest mobile market by number of users,'' he said.

Leveraging technology and exponential growth, mobile commerce is emerging as a new platform for payemnt services. Corporation Bank, looking at the vast potential and fast-changing demography and life styles, has entered the m-commerce area for offering value added services to its customers, on a pilot basis.'' Meanwhile, PayMate MD-cum-founder Ajay Adiseshann said ''Partnering with the country's best PSU bank is surely a feather in the cap for PayMate. While the convenience of being able to pay anywhere, anytime via mobile will enable the growth of m-commerce, it's the simplicity and easy of use that gives PayMate the cutting edge over other m-payment platforms. We will also offer several value added services on the mobile, wherein a customer can made purchases start to finish via SMS.'' UNI