Mobile payment company PayMate has launched India’s first mobile, cashless purchase management service - ‘WayPay’ for fleet operators in the country.
The system helps fleet operators across the country to manage all on-route cash less transactions from certain retail outlets, a company statement here said.
The company has tied-up with fleet management solution provider Mahaventures to offer this service initially in Western India, it said.
“We analyzed the issues that fleet operators faced on their daily trips and decided to create a system that would help simplify payments for them without any external hardware devices. The PayMate platform is particularly suited for applications and Mahaventures is the ideal partner for rapid deployment (of the service) in western India”, PayMate Founder—Managing Director Mr Ajay Adiseshann said.
In the new service, transporters need to register their vehicles and drivers’ mobile number. The driver’s mobile number will be registered against each vehicle number. The transporter would then need to set purchase limits and load required funds to a prepaid account by through net banking or cheque.
This system is not only suitable for fuel, but can be used for purchase of tires, batteries, service centre bills, the statement added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.