PayPortal for Money Transfer and Bill Payments

Integration into the global economy has resulted in economic growth of India within the last few years. The current population of this country is more than 1.2 billion people. Therefore, the telecom sector of the country is enormous. The increase of this sector is inseparably linked to the development of mobile services, because more often they operate as the modern business stimulation. The evolution of technological infrastructure allowed customers to receive such benefits as low internet tariffs and a great choice of budget smartphones.

https://ico.payportal.in

In India most customers use retail shops for the following purposes: They pay for the bills, make mobile recharges and transfer money. A current number of individual utility providers is great in India. Since the retailers were obliged to sign up agreements with utility providers, it became clear, that there is no people resources to cope with this task. The financial and IT resources should be involved in improvement of this situation.

PayPortal is a smart solution for cross-border money transfer

The initial idea of the PayPortal is to connect customers, operators, banks and utility companies. According to PayPortal, they make financial operations easier, providing opportunity for quick and safe replenishment. PayPortal takes care of customers and creates easy-in-use ecosystem to satisfy the end user’s demands.

Due to a large number of migrants, the problem of cross-border money transfer is urgent in India. Since the PayPortal system serves for money transfers within the country, there is a plan to solve the task of global remittances that are made by migrants. PayPortal is a blockchain-empowered platform, that will issue cryptocurrency PPTL Coin. It should be mentioned that PPTL coins will be used by customers to make payments. This token can be exchanged into Indian rupees.

Core principles of the platform

The system supplies users with an opportunity to attach wallet to the phone number of the customer. The PayPortal application is already available on AppStore and Google Play. So, it takes just a few minutes to download the app, pass the authorisation process and register the wallet. Alongside quick and safe payments, the platform offers its users an opportunity to participate in bonus programs.

https://ico.payportal.in

Distributors are the key members of the Payportal system. It is planned that they will play a significant role in the process of PPTL distribution. The PayPortal system establishes a business model based on commissions: All platform participants will be charged for the services. There is a three-level system of participation: At the first stage, PayPortal will establish solid partnerships with banks, mobile, internet and TV operators and other utility providers. Then retailers and their online customers will be engaged into the system. The multiplication of involved online customers leads to the revenue growth.

Token Sale Plan

It might be useful to mention that Payportal has successfully managed to attract 80 distributors and 2300 retailers. During 2017 the Payportal system has proceed around 500 million rupees in payments. It is 45% more when compared with the same period in 2016. So, the project has a strategy and follows it. Among other advantages is that the applications for IoS and Android have already been released, that makes us feel more confident about the project reliability. The Payportal is well aware of the Indian emerging market demands. Thus, they are on the right way to create a secure and user-friendly payment system for Indian market.

Links:

Website: https://ico.payportal.in
WhitePaper: https://ico.payportal.in/docs/White_paper_Payportal.pdf
Telegram: https://t.me/PPTLchat
Facebook: https://www.facebook.com/PayPortalOfficial/
Twitter: https://twitter.com/PayPortal_India
Medium: https://medium.com/@mariamabdulkarimova
ANN: https://bitcointalk.org/index.php?topic=3285962.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049

Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.