PAY THROUGH SMS

India's leading Multi-State Co-Op Bank to offer mobile payments and shopping convenience via SMS

PAYMATE facility is the secured and easy way to make payments through Mobile for internet transactions. These payments primarily cover booking of Air Ticket, Railway Ticket, Internet Purchases and Cinema Bookings etc. through Internet and payment is done online immediately. In PAYMATE if customer registers his mobile number with the bank, then customer can pay online on Internet using mobile.

Cosmos has tied up with Paymate India Private Ltd a mobile payments company, to offer the service to its customers. Cosmos customers will now have an easy SMS based payment solution for various transactions like purchasing flight or movie tickets, car hires, sending donations gift mate vouchers and also making utility bill payments.

Here's how PayMate Works:
  • Customer does a one-time Free registration with the bank and receives a 4-digit PayMate PIN.

  • Once the customer chooses to pay via PayMate, he / she share the registered mobile number with the merchant and instantly receive an SMS from PayMate asking for a payment authorization with the 4-digit PIN.

  • Customer replies to the SMS with the PIN and a Dynamic "alpha-code" which is authenticated by PayMate and the customer's bank account debited instantly.

  • A confirmation of the transaction status is sent to both the customer (via SMS) and the merchant within a few seconds.
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