An agreement has been signed between private sector bank Lakshmi Vilas Bank (LVB) and the Mumbai-based wireless transaction platform provider PayMate India. PayMate India is offering mobile payment solutions to the banks’ customers.
According to bank release under this agreement Lakshmi Vilas Bank customer through PayMate platform can pay for utility bills, movie and flight tickets and make online purchases etc by using their mobile.
PayMate MD and Founder Ajay Adiseshann explained, "Our alliance with Lakshmi Vilas Bank will further bolster our payments ecosystem. Further, we are excited to bring mobile payments to LVB's customers and are confident that the sheer convenience of using their phones to make payments will drive the uptake and enhance customer satisfaction and loyalty".