Providing a biometric based payment solution combined with digital wallet. Company pays the retailer and gets paid by the individual's digital wallet.
Stage
Concept Only
Industry
Consumer Services
Location
Mumbai, Maharashtra, India
Currency
INR
Founded
January 2015
Employees
0
Company Summary
Customers loads a digital wallet with a desired amount.
At the retail level,Customer gives scan on a Biometric POS. This is used to identify the individual.
Depending on the balance in the digital wallet, the Customer is allow to make purchases and the transaction amount is paid to retailer by the Company on behalf of the Customer.Simultaneously,charging the customer's digital wallet.
Revenue for the Company comes from having transaction rate.