Mobile Telephone Replaces Plastic in Bill Payment

by CXOtoday Staff    Dec 14, 2006

If you are at the ‘Seijo and the Soul Dish’ restaurant in Bandra, and have forgotten your wallet at home, do not panic.

The restaurant, from today enables Citibank customers to pay bills over their mobile phones via short messaging services or SMS.

The phone bills are facilitated by PayMate, a mobile payment solution, that was launched in July 2006.

At the time of bill payment, the diner would have to inform the butler that s/he would be paying bill over the phone. S/he would have to submit the mobile number at the restaurant. The waiter would punch this number into a computer and the system will send a SMS to the customer requesting him/her to approve the transaction by replying to the SMS (with PIN provided by the bank at time of registration).

Once authorized by the customer PIN, the transaction is approved in real time within seconds and the customer as well as Seijo’s will receive a confirmation message that will serve as a receipt.

Ajay Adiseshann, Founder & MD, PayMate, said, “Seijo’s is the first restaurant that we have signed on and we are already integrating with several other merchants across various categories. We believe that mobile payments will be the wave of the future as it offers convenience, ease of use and security. Not having to divulge credit/debit card information or carry bundles of cash, puts a lot of consumers at ease. We will be announcing other partnerships in a phased manner in the weeks to come.”

“This is indeed a unique payment mechanism and we are extremely excited to offer this service to our customers who we are sure will benefit from this option. More so, we are glad to be among the first to offer this service and look forward to a long standing partnership with PayMate’, says, Kishore DF, Owner, Seijo and the Souldish.

PayMate is initially being offered to Citibank bank credit card and banking customers. Similar services will be rolled with other leading banks shortly.

To use PayMate, Citibank customers need to sign up for this service free with the bank by sending “PayMate” as an SMS to 2484. The customer will then be called back and registered for the service.