Create A Paytm Clone And Transfer Money Digitally

Mobile wallets are the backbone of the digital economy. However, an Indian platform noticed this trend in December 2010 itself. Which was this one and why is it revolutionary? It is Paytm, the top choice for bill payments, buying entertainment and travel tickets, online shopping, investments in financial instruments, and processing of transactions. Entrepreneurs can also lead the Fintech wave by launching a Paytm clone.

The main feature of a Paytm like app is

Business profile creation - Corporate enterprises can easily manage their finances. They can link their credit and debit cards, monitor the inflow and outflow of funds, and also settle bills via a one-click payment mechanism.
QR code scanning - “Scan and Pay” is the best way to describe this. Users can transfer funds at brick-and-mortar stores and retail outlets through their smartphones. Hence, they can send money to different bank accounts and digital wallets.
Profile Section - Both payers and payees need to enter their phone number and 6-digit Unified Payments Interface (UPI). They can check their bank account balance, transaction history, as well as add money to their online wallet.
Investments dashboard - Individuals can build their wealth easily by using a Paytm-like mobile payments app. They can allocate money to stocks, invest money in Initial Public Offerings (IPOs), mutual funds (MFs), and purchase digital gold.
E-commerce panel - Customers can purchase branded gadgets, fashion accessories, food products, home equipment, kitchen appliances, sweets, etc. They can add items to their cart after checking out the available cashback, discounts, promo codes, and special offers.
Technical Support Centre - Round-the-clock support is a must when techpreneurs set up a Fintech enterprise. Likewise, users can fix problems related to data storage, recharge of utilities, returns and replacements of products, Know Your Customer (KYC) verification, and privacy. Knowledgeable queries will resolve issues through email, chat, as well as, phone.

Wrapping Up

Are you that entrepreneur who desires high growth and market domination? Get in touch with an app development company now and come out with a Paytm clone.
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