PayMate plans to partner with IRCTC for railway tickets booking | Alootechie

PayMate plans to partner with IRCTC for railway tickets booking | Alootechie: "PayMate plans to partner with IRCTC for railway tickets booking
19 June, 2008
by Asfaq Tapia

Mobile payment company PayMate India, which recently raised $9 million in a second round of funding which took the total funding received by the company till date to $14 million, is planning to partner with IRCTC (which runs Indian Railways’ online passenger reservation site IRCTC.co.in) for railway tickets booking. “We also plan to increase our visibility in Sri Lanka and Nepal and are looking to enter the Middle-East,” Ajay Adiseshann, CEO of PayMate, told AlooTechie in an interview.

PayMate has been very active in the last year, tying up with banks and other services. What are your plans for the future?

We at PayMate plan to continue to build the ecosystem. We currently partner with ten banks and will look to focus on building the retail space by expanding our 9000+ merchants database. We plan to introduce mobile recharge options soon. This year, we plan to increase our visibility in Sri Lanka and Nepal and are looking to enter the Middle East. We are also going to partner with IRCTC for railway tickets soon.

When you first rolled out the service, Citibank was one of your bank partners, why have they now backed out?

Yes, we did p"