I started following news and portal of UPI (Unified Payment Gateway) even before its launch. What attracted me towards this is: First the idea behind it is incredible and in line to my goal of a product to 'make life easier of the users'. Second, there is enormous scope of e-transaction in India. Considering our population and coming digital era more-and-more e-transaction will happen. Also, government should promote more e-transaction to avoid black money. Going forward enormous amount of e-transaction will takes place. And the system based on UPI or similar will make life a lot easier of the consumer.
In this segment there are already players who are really doing very good. However, as mentioned above still large chunk of population is not part of digital systems. There is scope to develop an application which is simple to use simple to get integrated.
Here I am proposing to have a payment system based on UPI which should be simple to use and it should act as an platform to get integrated with other e-commerce systems. The platform may or may not be directly seen by the end user. It should be completely cloud base solution. i.e. it should be completely API-led solution.
The platform should facilitate to register the users, authenticate and authorize the use and make e-transaction for the use. All this should transparent to the end user. I mean we should provide a platform which may not directly seen by the end user. This platform should be flexible enough to get integrated with any consumer centric app which needs e-transaction.
This app should make use of barcode as much as possible. It should use barcodes for:
1. Authentication of payee, payers
2. Verification if any
3. Amount chargeable, public links
4. Transaction summary, receipt
Ease of use/integrate, highly responsive, fault-tolerant and 2-d barcode centric will make this app useful and stand out in the already crowded marked.
Let me know your views, thoughts on the same or IM me if you want to discuss further.
In this segment there are already players who are really doing very good. However, as mentioned above still large chunk of population is not part of digital systems. There is scope to develop an application which is simple to use simple to get integrated.
Here I am proposing to have a payment system based on UPI which should be simple to use and it should act as an platform to get integrated with other e-commerce systems. The platform may or may not be directly seen by the end user. It should be completely cloud base solution. i.e. it should be completely API-led solution.
The platform should facilitate to register the users, authenticate and authorize the use and make e-transaction for the use. All this should transparent to the end user. I mean we should provide a platform which may not directly seen by the end user. This platform should be flexible enough to get integrated with any consumer centric app which needs e-transaction.
This app should make use of barcode as much as possible. It should use barcodes for:
1. Authentication of payee, payers
2. Verification if any
3. Amount chargeable, public links
4. Transaction summary, receipt
Ease of use/integrate, highly responsive, fault-tolerant and 2-d barcode centric will make this app useful and stand out in the already crowded marked.
Let me know your views, thoughts on the same or IM me if you want to discuss further.
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