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Kisan Credit Card On Mobile India’s first Mobile Money Credit Delivery System

Kisan Credit Card On Mobile India’s first Mobile Money Credit Delivery System. About Us. PayMate is the first-of-its-kind mobile payment platform which lets you link your mobile phone to a bank account, credit card or a prepaid account –

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Kisan Credit Card On Mobile India’s first Mobile Money Credit Delivery System

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  1. Kisan Credit Card On Mobile India’s first Mobile Money Credit Delivery System

  2. About Us PayMate is the first-of-its-kind mobile payment platform which lets you link your mobile phone to a bank account, credit card or a prepaid account – turning your mobile phone into a secure payment tool to be used anytime, anywhere.

  3. No need to divulge Credit/Debit card credentials while transacting Mobile Banking & Funds Transfer Use Mobile as a Credit/Debit Card Make payments through mobile for Online Shopping Make remote or POS payments through mobile Buy flight & movie tickets through mobile Pay utility bills through mobile Make payments through mobile to physical merchants PayMate in a Nutshell

  4. Introducing MKCC India’s first Mobile Money Credit Delivery solution, with a pilot developed in collaboration with Pallavan Grama Bank, Indian Bank, National Bank for Agriculture and Rural Development (NABARD) and PayMate. Launched in October 2011, this innovative system is specifically designed to help farmers in the villages to use their KCC loan amounts in an easier, convenient and more efficient manner.

  5. Key features Works on all handsets- No GPRS or Smart phone required Simple SMS/IVR based mechanism No need to visit the bank with a passbook each time Secure PIN based transactions Withdrawals and deposit of funds as per requirement in small chunks at convenient times and locations Purchase farming related goods and services over the mobile Real time status of account balance & last transactions Simple services for masses

  6. Key Highlights Registered Farmers 98000+ Registered Merchants/BCs 352+ Repeat usage 60% Total Tranx Value till date 1.7 Cr + Figs as of 31st Aug’13

  7. Press Coverage Hindu Business Line

  8. Press Coverage Business Standard

  9. THANK YOU

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