Role of RPay platform in developing Pop pay

Overview of Pop pay

Pop Pay is structured and developed to bring Caribbean Island closer to being a cashless society.

Pop Pay is a secure and smart way to carry electronic money in smart phone, giving the convenience of paying for anything, anywhere on-the-go.

Pop Pay brings easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

Pop Pay provides a convenient way for a user to make in – store payments and can be used at merchants listed with the Pop Pay service provider

RPay- Overview

RPay is a customizable Digital payment script system with wallet & QR code features. It is feature-packed wallet Script software seamlessly manages business with payments, promotions. Our script is packed with different UI designs, user-friendly interface, eye-catching color combinations etc.

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Why digital payments?

In excess of 2 billion individuals on the planet are as yet unfit to take an interest in the formal money related framework. The larger parts are women. This makes it incredibly troublesome for needy individuals to put something aside for the future, accommodate their family’s wellbeing and kids’ training, or put resources into a business. The cruel the truth is that the best way to make or get payments for some needy individuals over the world is by utilizing paper cash in the casual part – which is a hindrance to the utilization of formal money related services. Money based exchanges are likewise normally dangerous, costly, awkward, wasteful, and need straightforwardness for governments, organizations, and natives alike.

At the point when digital payments—regardless of whether on cell phones, cards, or on the web — wind up accessible to everybody, everybody in the economy can profit by the results! These include:

Precision and Security

Straightforwardness and responsibility are more earnestly to accomplish with money payments since they are unknown and hard to follow. Digital Payments increment responsibility and following, diminishing the danger of debasement and robbery.

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Xiaomi launches UPI-powered Mi Pay in beta

Unified Payment Interface

Unified Payment Interface (UPI) has turned out to be a battleground for global and local heavyweights. Besides Paytm, Google, PhonePe, TrueCaller and MobiKwik, likes of WhatsApp, Jio, Amazon among several others want a slice of fledgling digital payments market that set to grow to $1 trillion by 2023.

Xiaomi (Mi)

Xiaomi is no exception. Joining the league of aforementioned firms, smartphone brand Xiaomi is also tapping into consumer payment space in India with UPI. The company is getting closer to launch Mi Pay for masses as it received approval from NPCI.

Currently, Xiaomi is testing Mi Pay in beta (link) with ICICI and PayU. “NPCI has cleared Mi Pay for large group usage, due to which its beta testing is going live, and soon it will be available for all MIUI users,” mentioned a community post in Mi forum.

National Payments Corporation of India (NPCI)

Unlike WhatsApp (restricted to one million users), NPCI has given nod to Xiaomi for large group usage. Mi Pay will let users transfer fund, execute payments for several use cases including bill/recharge, water, and electricity bill using UPI framework.

It’s worth noting that Xiaomi is also planning to launch NBFC ‘Xiaomi Financial Services India’ and seeking RBI licence for it. The company also leveraged its investee KrazyBee to launch micro-lending platform – CreditBee.

UPI has been growing at a fast pace ever since its launch in November 2016. Last month, NPCI-owned digital payments railroad had crossed 500 million transactionmark.

At present, Paytm dominates the UPI ecosystem followed by PhonePe and Google Pay. In October, the SoftBank-backed firm had claimed 37 per cent of overall UPI transaction.

Meanwhile, Jio is also awaiting approval from NPCI for UPI service. Its entry along with WhatsApp will heat up competition in the segment.

With several behemoths have been competing in UPI ecosystem while some are awaiting regulator clearance, the road for Mi Pay won’t be smooth. Going forward, it would be interesting to watch how stalwarts fight for supremacy in the digital payments landscape.

wallet script - rpay

As E Wallet assumes a forceful job in the present business world, Roamsoft built up a digital wallet platform, RPay with mobile amicable highlights, very much archived API s, modules that suits all major Ecommerce platforms.

Source : https://entrackr.com/2018/12/xiaomi-upi-mi-pay/

Why digital wallets reform payments? – Rpay Wallet

A digital wallet (otherwise called a virtual wallet or e-wallet) enables clients to store and exchange finances between clients without transferring cash through customary saving money systems.

A virtual wallet can in a split second send and get cash incalcuwaable circumstances while never leaving the platform. It acts like an online piggy bank where an individual or gathering of individuals can contribute cash to it. The wallet is then capable send that cash to one or different wallets, rapidly and easily.

At this point, the greater part of you would have utilized a form of a computerized wallet – PayPal, Google Pay, Apple Wallet, etc.

These are quite normal sorts of computerized wallets enabling a client to stack cash into the wallet and afterward utilize that wallet to purchase merchandise or administrations through their platforms, distributed exchanges or crosswise over online business.

The advantage being that once the assets are in the wallet, the platform can move it around without it being on a conventional managing an account organizes, sparing time, cash and furthermore permitting universal exchanges immediately.

The user cases and abilities of a digital wallet take into account some astounding and novel situations.

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Digital Wallet White Label – R Pay Digital Wallet Solution

Digital Wallet Script

Roamsoft is a software & mobile application development Company which provides a very good technological platform for start-up companies across the world.

Roamsoft introduces a digital wallet platform “RPay” with customer app, merchant app, end- to- end admin panel. With digital wallet solution Customers can load money into their account in a bounty of ways. Customers can also purchase movie tickets, pay bills, purchase goods offline provided the merchant has installed digital wallet. Digital wallet will be the secured online payment solution for requesting payments from customers digitally.

Power of Digital Information

World is going faster day by day with the power of digital information & technology. The world is varying – more and more services are being made available online, from booking train tickets, making a doctor’s appointment and doing the weekly shop to further education, promoting your business and online banking.

mobile-wallet-payments

As E Wallet plays a mighty role in today’s business world, Roamsoft developed a digital wallet solution with mobile friendly features, well documented API s, plug-ins that suits all major Ecommerce platforms.

This secured online payment solution brings to easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience. Users can get through a purchase in negligible seconds with an easy tap or scan of their gadget, minimizing the aggravation of long checkout queues.

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Top 10 Digital wallets in India – Rpay

What is a Digital Wallet?

Digital Wallet is a like a financial balance where one can stack cash and utilize it to pay for different offline and online services. Dissimilar to Bank accounts, these wallets don’t offer any enthusiasm on the cash kept in the wallet however are more for simplicity of computerized exchanges and benefiting a few offers on utilizing their services. Paytm is a standout amongst the most mainstream digital wallets right now.

Benefits of digital wallet

  • Allows you to go cashless without the need to go through the process of acquiring credit cards.
  • Makes transactions trackable and easier to manage
  • Get offers, benefits and rewards for using digital wallets
  • Allows you to do multiple things like – Transfer to friends, Online Shopping, Pay at offline merchants or even pay your Bills
  • Is instant and free (for users)

Is Digital Wallet same as BHIM/UPI?

Digital Wallets are not same as the BHIM application or UPI service is essentially a payment interface enabling simple shared exchanges. Google Pay utilizes this innovation thus will Whatsapp. Some computerized wallets do support UPI cash exchanges however they give far greater usefulness to the clients.

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Favorable circumstances of a Cashless Society

A cashless society is a monetary state where budgetary exchanges are not directed with money or physical cash. In less demanding words, we can state that a cashless society is where no banknotes and coins are utilized for a budgetary or monetary exchange or buy. The exchanges and buy are somewhat done carefully between the gatherings, or, in other words portrayal of cash.

Cashless society is definitely not another idea and it existed some time before the idea of cash, and it was known as trade framework, where products and enterprises were given in return for merchandise and ventures. Advanced exchanges are somewhat like that to deal framework as in both the cases there is no exchange of physical cash. Cashless exchanges have turned out to be conceivable with the utilization of charge cards, Mastercards, and mobile wallets like Google pay, Phone pay, Paytm, online financial balance exchange and furthermore through computerized monetary standards, for example, bitcoin. Be that as it may, all these have made the procedure very simple and agreeable for the general population.

As now there is no compelling reason to stress over money and going banks and ATM oftentimes. Yet, there is significantly more to consider than the straightforwardness and comfort. There are a few concerns identified with protection and control as each buy and exchange are currently recorded some place and checked by somebody. While a greater part of individuals wouldn’t fret this, a few people need their exchanges and buys to stay private for numerous reasons.

Favorable circumstances of a Cashless Society

Effective and Convenient

Going cashless decreases the issue of illustration money and liberates from the strain that whether trade out hand is adequate to make a payment or not. With cashless and digitized payment framework it has turned out to be more productive and helpful for the majority. This likewise accelerates the procedure of the budgetary transaction.

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The inspiring journey of Paytm Founder Vijay Shekhar Sharma

“To the winners, who won because they didn’t give up.”- Vijay Shekhar Sharma, founder of Paytm.

The man, who always wears a welcoming smile, stands true to every word he wrote during the most difficult times of his life. Vijay Shekhar Sharma owns a company whose current value is a little over $3 billion in the market in 2016, a dream dreamt when he was struggling to make ends meet with Rs 10 in pocket. But he tasted victory the hard way. Nothing came easy for him. The tears he hides behind the chirpy self that he puts up in front of the world could not be hidden for long while recollecting his journey. Interestingly, it was not talking about his failures that brought tears in his eyes; it was his hard earned victory.

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Key points to keep in mind while developing mobile wallet app solutions – RpayWallet

Function prioritizing

A mobile wallet application is essentially a set of different functions and highlights. You should be cautious while integrating these functions and features, as they’ll be eventually making your digital payment app booming.

Do an exhaustive statistical surveying, learn client desires, requests, and the market slant winning. According to these, prioritize the functions in your mobile wallet application.

Security

Your digital wallet can only be effective if the customers can rely on its security structure. The e-wallets require customers to store their card information or enter their passwords.

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