E wallet

Introduction of E-Wallets, its types, Advantages,Disadvantages, Examples of E-Wallet,Needs of E-Wallet, Top E-Wallets in World and in India, Description of Mobikwik, its Steps, Architecture of transfer between two wallets, About Paytm, How does Paytm Earn, Recharge on PayTm, Steps to use Paytm, Web Technologies of Paytm, Good at Paytm and Bad at it, Our own proposed system to overcome the disadvantage of existing system

1. E-Wallet Group Members Ayushi Shah Bhakti Shah

2. E-wallet is an online prepaid account where one can stock money, to be used when required. As it is a pre-loaded facility, consumers can buy a range of products from airline tickets to grocery without swiping a debit or credit card. Introduction

3. How to use an E-Wallet

4. The sites where e-wallet services are available generally have the following few easy steps to get started. Ease of use without having to enter your debit/credit card details for every online transaction. Instant cashless payment, no need to swipe a credit card or debit card. They also provide option for securely storing your Card details, thus providing you additional security at the same time reducing your work to type in Credit or Debit Card numbers each time you intend to transact online. For some sites there is no minimum amount and you can deposit an amount as low as Rs 10. What are the Benefits?

5. Get reward and discount offers on every purchase using wallet. Get extra cashbacks for every amount spent using wallet. The money will be refunded in case of failure in the transaction You can pass on the benefits of your e-wallet to your friends and family as well. There is no chance of a decline of payment since e-wallet is a prepaid account. No need to access your bank account for making e-payment. Continue

6. Companies must ensure that their customers' information is encrypted and well protected. One of the biggest concerns of adopting a digital wallet application is "will my information be safe"? This is the hurdle that companies must face and as a result, must develop security systems that are as safe and full proof as possible to avoid potential security issues. You cannot redeem your money back from the wallet you need to make purchase to use this money. If you lose your mobile your wallet is lost. You can use wallet till your mobile battery lasts. It may be possible that you will end up spending more money using wallet. Disadvantage

7. NFC, NFC-HCE(Host card emulation), Cloud, QR code, SMS, or BLE (Bluetooth low-energy) enabled. Big data, analytics included. Biometrics included. User can manage and operate credit, debit, transport, loyalty and gift cards. Bluetooth low-energy beacons integrated with geo-fencing. Recommendation engine that tailors according to the user’s purchase history. Integrated Customer insight manager. Integrated Trusted service manager. What does mobile wallet has today?

8. Follow the steps given below to use e-wallet. Step -1 Download mobile wallet or e-wallet application Step-2 Register and create new wallet by providing information Step-3 Load money in your wallet from your bank using credit card or debit card Step-4 Make a payment using e wallet Step for using E-wallet

9. Closed Wallets : Closed mobile wallets can be used only for that particular company (or online merchant) goods and services. No redemption or cash withdrawal is possible with such wallets. Examples of closed wallets would be the ones offered by MakeMyTrip , Jabong , etc. where your respective MakeMyTrip or Jabong account gets credited with the refund amount in case of any order cancellation or product return. Types of E-wallet

10. Semi-closed wallets also do not allow redemption or cash withdrawal. They can be used to transact for goods and services (inclusive of financial services) at several different merchant locations that have the required tie-up (contract) with the wallet issuing company to accept payments. For example, Paytm , MobiKwik , PayUMoney , Oxigen , etc. are all semi-closed wallets and they are perhaps the most widely used mobile wallets in India currently. Semi-closed Wallet :

11. Open Wallets are those that allow redemption as well as cash withdrawals (from automated teller machines / business correspondents) in addition to the other features offered by semi-closed ones. A perfect example is the Vodafone powered M- pesa wallet. Open Wallets :

12. You can use your e wallet at multiple places authorized by respective e wallet service provider. However, few common place this wallet can be used are – Utility bill payment Mobile recharge DTH recharge Online grocery stores Online travel portal E-commerce portal Where you can use E-wallet?

13. Examples of Top Mobile E-Wallets in World  Google Wallet Skrill

14. Stripe Amazon Payments

15. Square Square will provide you a card reader that will work perfectly with your iPad , iPhone or Android Smartphone. Plus, Square lets users create an online store, from which customers can make purchases. Visa, MasterCard, Discover, American Express etc. are supported by Square card reader.

16. Square

17. Examples of Top Mobile E-Wallets in India PayTm Oxygen Wallet

18. Mobikwik Basically Mobikwik stores your money in a virtual wallet whose data is stored somewhere in Cloud which can be accessed only by your Mobikwik username and password.  With M-Wallet, Mobikwik aims to simplify the way we do online payment in India .

19. Once you have loaded money/cash in Mobikwik Wallet through Debit card/Credit Card/ Netbanking / IMPS or Cash in hand You need not to worry about entering your Debit/Credit number, CVV number, Expiry Date and ATM PIN/3-D digital Secure or OTP to make payment using Mobikwik Wallet to mobikwik partner websites Most of the time where paytm struggles to fetch the mobile operator and all of its e-commerce content. Mobikwik done recharging mobile in just 5 seconds even on 2G network. More on Mobikwik

20. Mobikwik has partnered with various online shopping websites  like ebay , myntra , shopcules and infibeam , Book Movie tickets, Book Bus tickets, Order and pay pizza using wallet which is fast, reliable and secure. Mobikwik runs various offers like cashback /coupons/ promocode on using one of its partner website . Like 25% cashback on booking movie tickets to your wallet. Continue

21. It's absolutely secure! CC Avenue and Zaakpay are the payment gateway partners. All the transactions are executed safely and no personal information regarding your payment is ever accessible to any employee or third party. Is it secure to make a payment on Mobikwik.com?

22. You can send as well as request money

23. Open MobiKwik app on your Android device. Sign into your account and navigate to  My Account > Transfer Money . If you do not find this option, update your MobiKwik app to the latest version on Google Play Store. Now, you will find two options :  Send Money or  Request Money . Choose the one needed. Enter the recipient’s email ID or mobile number. Enter the amount and confirm the details. You will be sent an OTP (One Time Password) to your registered mobile number to confirm this transaction. Once you initiate the transfer, the recipient will be notified about this transaction and he/she will be sent an OTP too and asked to confirm the transaction Once he/she confirms the transaction at his/her end, the transaction would be completed successfully. Steps to transfer money using Mobikwik

24. MyTokri.com

25. Architecture for transferring E-money between two E-Wallets

26. One97 Communication’s Company India’s Most Trusted Mobile Recharge Destination

27. Paytm is an e-commerce platform Owned by One97 communications Started by offering mobile recharge and utility bill payments, now offers a full marketplace to consumers on its mobile app. They have 122 mn registered users and 75 Million orders per month. About Paytm

28. Founded 2010 Headquarters Noida , Uttar Pradesh Founder Vijay Shekhar Sharma Investors ANT Financial Services Group, Personal Investment by Ratan Tata One97- The Parent Company

29. Product Line

30. Services Offered

31. Additional Services

32. Paytm Business Model

33. Paytm Revenue Model ADVERTISING REVENUE MODEL SUBSCRIPTION REVENUE MODEL ADVANCE PAYMENT MODEL COMMISSION REVENUE MODEL TRANSACTION REVENUE MODEL

34. In this model paytym allow to merchants shows their advertisement on paytm websites and charges some amount for this advertisement.this is the way the paytm used to generate their revenue. This method for generate revenue are covered under the advertising revenue model. This model is more beneficial for paytm to generate their revenue.the charges are charger by them they advertised their product on paytm site. The yippee noodles show their advertisment on the paytm site and thet paid some money to paytm . this is a way paytm generate the revenue from the advertisment revenue model. ADVERTISING REVENUE MODEL

35. Paytm also use the subscription model. They charge the subscription amount from the seller annually and generate their revenue. they categorized their subscription into four categories all are mention and discuss early in this project. They charge annually maintenance charges also as a commission that is RS 2500. This whole process is comes under the subscription model of paytm through them they generate their revenue. The subscription model is most beneficial for paytm because all the seller who are register themselves into paytm all are paid subscription charges to run their business in paytm site. Basically the paytm adopt the paid circulation subscription revenue model to generate the revenue in their business.this is the most beneficial model as comparative to others model to generate the revenue. SUBSCRIPTION REVENUE MODEL

36. TRANSACTION REVENUE MODEL

37. In this model paytm received the interest on the payment of customer until they are not transfer the money into seller account. When the paytm received amount from the customer they are not instantly transfer on seller account. They hold the amount and gain the interest on this amount. Through this process paytm generate their revenue from the advance payment revenue model. This model is very beneficial for paytm to generate the revenue this all process is also called escrow account process. ADVANCE PAYMENT MODEL

38. IN this model paytm charge commission from the seller for their listed product in paytm websites. And they charge commission on every sale on the site of paytm from the seller. This commission is totally based on the sell of the product if buyer buy the product from the paytm site so paytm charge the commission from the seller for each sell in their website. Through this process paytm generate their revenue. The commission based model are also beneficial for generate the revenue .the commison based model are also trend in ever e-business site, paytm also adopt this revenue model to generate their revenue. COMMISSION REVENUE MODEL

39. How Does Paytm Earn?

40. Paytm escrow : through escrow account paytm received intrest,when buyer payment to their purchase that amount hold by paytm untill customer not confirm it.if customer not confirm in next 7 days paytm expect buyer satisfied with the product and they transfer the money seller account. Paytm earn by advertising other products on websites. Patym charges annual subscription fees to the sellers who list their products on website Introducing Paytm Wallet , a secure digital wallet where you can store money and use it to make quick recharges, pay bills, do shopping on Paytm . You can also send money to friends & pay for various services like Uber , MakeMyTrip , BookMyShow & many more They Are Some Other Activity The Paytm Earn The Revenue:

41. Easy Accessible : The paytm side easy to accessible they are much easy as compare to other site people are like them for their easy accessible specialty . paytm also available on the mobile, tablets, laptops , and for paytm the high speed data connection is not required .it is easily work on mobile without any problem. Chat Facility: Paytm provide chat facility to their buyer so they can bargain the product price from the seller..through very easy steps they can avail the facilty of paytam chat facility. This screen shot define how a customer bargain to the seller: WHY PEOPLE ATTRACT TOWARD PAYTM:

42. paytm service is also available in mobile so you can easily download and use this application in your mobile anywhere. On other hand we can say that it’s a mobile friendly application . They are available on many store: Mobile Friendly

43. paytm uses many trusted software for their security purpose they used many security application they provided best security when any transaction are done, they uses 256 bit of encryption for their security purpose. Safe And Secure Payment:

44. Their digital wallet are approver by the reserve bank of India (RBI). So people are trusted on their paytm wallet service. That means They follow all the rules and regulation they are required to work e-wallet. They provide 45+ banks for net banking.(one of the largest Payment Gateways in India.) You canalso Rs 1 lakh plus money transfer (follow the KYC(know your customer ) rule and regulation) otherwise its RS 10000 . RBI Approved Digital Wallet:

45. Partner With Paytm :

46. HOW TO DO RECHARGE ON PAYTM?

47. Step 1: Login to Paytm.com

48. Step 2: Enter your mobile number in the desired box

49. Step 3: Select Proceed to recharge.

50. Step 4 : Select the payment option.

51. Facebook Followers

52. 44800 44800 80 80 15 DAYS 3104 36896 896

53. Collaborators of Paytm

54. Web Technologies of Paytm

55. CONTD…

56. CONTD…

57. Product Sourcing

58. Good at Paytm Bad at Paytm Easy accessible Quick payment at paytm Mobile friendly Cashbacks Discount on products RBI approved digital wallets Safe and secured payment 45+ Banks for net banking Rs 1 lakh + money transfer Doesn’t provide option to write reviews about products. Doesn’t provide personalised support. Poor customer support

59. E-Pocket Own Proposed System to overcome disadvantage of existing system

60. Database

61. References www.slideshare.net www.google.com www.slideserve.com