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. PayMate has tied-up with fleet management solution provider Mahaventures to offer this service initially in Western India.
WayPay works in a very simple way. The transporters register their vehicles and drivers mobile numbers with WayPay. The transporter then sets in the purchase limit and adds in the value to the prepaid account through cheques or online transfer. The drivers access the WayPay IVR from their registered number and nbsp; and punch in their PIN for making transactions of fuel, tires, batteries and service centre bills.
PayMate Founder-Managing Director Ajay Adiseshann said,
“We analysed 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.” [source]