Mobile payment solutions company Paymate scouts for creative and media agencies

Paymate India Pvt Ltd, a Mumbai-based mobile payment/commerce solutions company, which began its operations recently, is now concentrating on its advertising and marketing. The company, spun out of CoruscantTec, is on the lookout for creative as well as media agencies, but is yet to call for a pitch.

e4m by exchange4media Staff
Published: Aug 21, 2006 7:42 AM  | 3 min read
Mobile payment solutions company Paymate scouts for creative and media agencies

Paymate India Pvt Ltd, a Mumbai-based mobile payment/commerce solutions company, which began its operations recently, is now concentrating on its advertising and marketing. The company, spun out of CoruscantTec, is on the lookout for creative as well as media agencies, but is yet to call for a pitch, indicated Probir Roy, co-founder and Director of Paymate as well as that of CoruscantTec, a Mumbai-based wireless solutions company with a focus on content and commerce.

Roy, however, made it clear that as far as its media business was concerned, the company besides short listing a conventional agency, would also look for partnering with Google and another online media company.

Currently available for Citibank customers, Paymate works on a simple format wherein customers can buy goods/services from Rediff, Naukri, Jeevansaathi, 99Acres and Cleartrip by registering themselves with the bank through any of the current available registration channels of the bank.

Once registered, customers receive an SMS with a randomly generated MPIN, which they can change later and then they can go to any of the participating merchants and avail of goods/services with by entering their credit card number/bank account number. After that customers need to choose mobile payment as an option and follow the instructions wherein they are asked to send an SMS with the amount of purchase and their MPIN for the transaction to take place.

Sharing his thoughts on the genesis behind setting up the company, Roy, said, “The idea has been working for the past two and a half years. We feel that the Internet still has a limited reach when compared to mobile phones which reaches to a larger population and has a wider reach. Mobile is evolving as a multipurpose/multimedia device and has become a preferred device on the go. We wanted to cash on the opportunity that was there.”

“There was a need to fill in the gap which could be addressed wherein young India can make a paradigm shift to make their transaction through something that they carry,” Roy further said.

Elaborating more on the advertising and marketing front, Roy said, “We have kept aside around Rs 12-15 crore to be spent on both above the line and below the line advertising and marketing through a judicious mix of all the vehicles.”

The advertising and marketing budget allocated by Paymate would be used in the next 18-24 months, informed Roy.

Speaking on the factors that the company would look for while selecting its creative and media agency, Roy said, “The ability to relate to the product and the potential customer and be able to communicate as simply as possible the unique proposition is important. It is important to find the right fit wherein the need is to see who is able to understand the essence of this concept and take it to the potential customer.”

In order to take the mobile payment concept further and to fuel the growth in the future, Paymate is looking forward to tying up with 13 more banks in a sequential manner and is also in talks with travel agencies, airlines, multiplexes, restaurants, pubs, and retail chains. The company has introduced the ‘pay as you go model’.

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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur

The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more

e4m by e4m Staff
Published: Oct 27, 2023 6:15 PM  | 1 min read
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With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.

The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.

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Swapan Seth's new book 'COOL' is out

The book is a reflection of the author's 'eclectic taste across categories'

e4m by e4m Staff
Published: Oct 27, 2023 6:07 PM  | 1 min read
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Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."

The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."

COOL has been published by Simon & Schuster India and is available on Amazon.

Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.

He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.

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Disney Star signs 9 sponsors for Asia Cup PAK

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board

e4m by exchange4media Staff
Published: Aug 26, 2023 11:48 AM  | 1 min read
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e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.

According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.

As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.

A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.

Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.

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Sorted 360 wins creative & social media mandate of Reliance Mall

The agency will manage offline and online campaigns for Reliance Mall

e4m by exchange4media Staff
Published: Aug 26, 2023 10:54 AM  | 1 min read
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Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.

“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.

“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.

"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."

"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:39 PM  | 1 min read

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:38 PM  | 1 min read

KlugKlug onboards Hemang Mehta as Country Manager for Indias

Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments

e4m by exchange4media Staff
Published: Aug 24, 2023 3:35 PM  | 1 min read
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KlugKlug has appointed Hemang Mehta as its Country Manager for India.

Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy

Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.

Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."

Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."

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