Tata Teleservices ties up with Corporation Bank and PayMate
Tata Teleservices has announced that it has tied a knot with Corporation Bank and PayMate with the aim to roll out a mobile money transfer service in the upcoming 12 months.
The sources informed that through the proposed service named 'Green Money Transfer', any cell phone user can send as well as receive money directly utilizing their mobiles to authorise the transfer.
Sources added that in order to start a transfer, a client have to visit the adjacent registered TATA PCO or True Value Shop (TVS) and put a request for payment of money of up to Rs 5,000 sent to any person anywhere in India.
The money then can be gathered from the registered stores with a transaction authorisation code obtained from the sender.
As per reports of media, the service has been introduced on a pilot basis in Kerala.