wordpress blog stats
Connect with us

Hi, what are you looking for?

PayMate Ties Up With Mahaventures To Launch WayPay

PayMate, a Mayfield Fund, KPCB & Sherpalo funded mobile payments company has launched WayPay, a cashless Purchase Management Service for fleet operators in the country, in collaboration with fleet management solution provider, Mahaventures. This service intends to help fleet operator across the country by eliminating payments by cash.

Maharashtra based Mahaventures provides fleet management solutions with services such as Fleet Card, GPS Vehicle Tracking solution, General Insurance, safe travel solutions, professional travel solutions, IOC XTRAREWARS Card and CCTV/ Remote Monitoring solutions. Its clientele include General Motors India Pvt. Ltd., P V G Group, Car Chassis Carriers, Ganesh Transport, G S Anand, O S L Logistics and others. Earlier Mahaventures have tied up with Nilson Technlogies as well as EI Labs India Pvt Ltd.

How WayPay works

Transporters are required to register their vehicles & drivers mobile number with WayPay, each driver’s mobile number will be registered against each vehicle number. We’re not sure of what will happen if a driver is driving another vehicle, or if multiple vehicles can be registered for the same driver. After successful registration, a Login ID & Password will be provided following which the transporter is required to set purchase limits and load required funds to a prepaid account by RTGS  transfer, net banking or cheque. The drivers can call WayPay IVR from their registered number for the purchase amount and punch their PIN for the transaction, or ask WayPay dealers to make purchase requests on the IVR. On confirmation the driver will receive the purchased  item from the Dealer and the money will be transferred from the Transporters WayPay account to the Dealers account. This system is applicable for fuel, of Tires, Batteries, Service Centre Bills and others.

Earlier this year PayMate had launched a mobile based person-to-person money transfer service in the Delhi to Uttarakhand corridor, as well as piloted a micro-loan repayments in villages in Ganjam, Orissa in collaboration with IFMR Rural Finance. The company had also introduced mobile money transfers in Sri Lanka in collaboration with Bank Of Ceylon.


PayMate Ties-Up With IFMR To Launch Mobile Payments In Rural Markets
PayMate Launches Mobile Payment Facilities In Sri Lanka

You May Also Like


The Indian Newspaper Society has asked Google to compensate Indian newspapers “comprehensively” for their content and to share its advertising revenue, reported the Indian...


The Tata Group has taken over State Bank of India and Bank of Baroda’s bid for a Reserve Bank of India (RBI) license to...


Paytm, Ola Financial Services and IndusInd Bank will submit a joint proposal to set up a New Umbrella Entity (NUE) for retail payments in...


Reliance Industries Ltd has partnered with Google and Facebook to seek a license to set up a New Umbrella Entity (NUE) for retail payments...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ