The service will enable clients to use their mobiles to purchase products from retailers (over-the-counter or online) as well as pay their utility bills. Moreover, other software widgets will allow users to purchase movie and flight tickets. With each payment, the amount will be charged directly to a customers credit card or bank account (in the case of PayMate registered users).
To use the service, Mashreq bank clients will need to make a one-time registration to link their existing bank accounts or credit card accounts to their mobile number.
While making payments, Mashreq bank customers can either insert their card details on the mobile application or enter the PayMate PIN. With PayMate, payments are authorised using a 4-digit PIN chosen by the user. The service’s security is ensured through a 2-factor PIN authentication over interactive voice response (IVR) and banking grade data security (PCI-DSS 1.2 certified).
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now