PayMate - a payment through SMS service provider

PayMate a mobile commerce company has introduced a voice and SMS based mobile payment solution in which a customer has to be the registered member of the service along with the customer's banker and the merchant establishment. After the customer buys anything, the merchant sends the billing advice to the system which sends and SMS to the customer. If the customers replies to the SMS with a Yes, his personal identification number and an alpha code, unique to that transaction, then the application communicated with the bank so that the bank debits the amount to the customer's account.



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