Indian Bank Partners with PayMate for Mobile Payment
Indian Bank Partners with PayMate for Mobile Payment
Lakshmi Vilas Bank
, one of South India’s premier private banks, has tied up with PayMate, India’s leading mobile commerce company, to provide mobile payment solutions to its customers across 250 branches in India. With this partnership, LVB will be joining a select group of large public sector as well as private & MNC banks that have embraced the potential of mobile banking and payments.
With PayMate, Lakshmi Vilas Bank customers will be able to use their mobile to pay for mobile recharge, utility bills, movie & flight tickets, online purchase, retail shopping and so much more at over 15,000 merchants in India registered with PayMate.
According to V.S Reddy, MD & CEO, Lakshmi Vilas Bank “As a heritage bank with a rich history, what differentiates us from others is our relationship with our customers and the value we offer them. We always strive to bring the best of banking convenience to our customers whether it is through improved services over the years or through technologies that enable them to do more. Our partnership with PayMate will enable us to do both with an exciting mobile payment solution for our customers. ”.
Ajay Adiseshann, MD and Founder, PayMate says, “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 & loyalty .”