PayMate a leading mobile commerce company has launched a revolutionary new mobile gift voucher, Gift Mate, which offers the flexibility and choices that are not available with traditional vouchers. With Gift Mate, the user can shop from over 3000 online merchants that PayMate has partnered with. The flexibility of this product allows them to use it in varying denominations and on multiple visits at any of PayMate’s merchants right from electronics, apparels, tele-shopping, flight and movie tickets, at restaurants, there seem to be no limits.

Gift Mate vouchers are highly secure and are safely stored within the mobile phone. The voucher can then be accessed with the help of a unique PIN via SMS. The voucher needs no physical handling!

Mr. Ajay Adiseshann, Managing Director and founder of PayMate, said, “The major limitations of traditional gift vouchers is that they can only be used at select outlets, and customers need to spend the entire voucher at one single go with the balance amount being non redeemable. Also, there is a likelihood that the voucher may be subject to loss or mutilation. Gift Mate is definitely a more reliable, smart and efficient option to the traditional gift voucher.”

Corporates too hand out such gift vouchers to their share holders and select high net worth customers during festive seasons and other occasions. Your employees don’t have to use their vouchers in one purchase.

PayMate Gift Voucher v/s Traditional Gift Voucher

PayMate Gift Vouchers

1. Redeemable at 3000+ online merchants

2. Usable in varying denominations purchases

3. Balance amount gets carried forward

4. Virtual voucher accessed via mobile

5. Needs no handling or care

6. Easily re-validated online by employer / user

Traditional Vouchers

1. Can be used at select merchants

2. Entire amount to be utilized in one purchase

3. Balance amount not refundable

4. Need to carry physical voucher

5. Subject to loss or mutilation

6. Laborious and long re-validation process

How Gift Mate Works

Gift Mate vouchers can be ordered directly from PayMate’s website. It comes in the form of a 4-pin unique code number. With the help of this unique code number Gift Mate can then be transferred onto the mobile phones of deserving employees. The voucher can then be accessed with the help of a unique PIN via sms.

About PayMate

PayMate India Private Limited is a mobile commerce solutions company based in Mumbai. PayMate was founded in May 2006 by Ajay Adiseshann, Founder and MD, Coruscant Tec and Co-founder, & Director Probir Roy. In a short span of time PayMate India has partnered with top MNC, State owned and Co-operative Banks to offer its unique mobile payment solution - PayMate.

PayMate is already accepted at over 3000 merchants and can be used to pay for purchase online, over the phone and across the counter via the mobile. For a detailed list of partners and merchants, log on to www.paymate.co.in. PayMate is the only Indian company to have been selected by Red Herring among Asia’s Top 100 start-ups two years in succession.

PayMate India is funded by Silicon Valley based Kleiner Perkins Caufield & Byers and Sherpalo Ventures who have helped build some of the world’s leading brands and companies like Google, Amazon, AOL, and Netscape Sun Microsystems etc.