mPaisa
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The document describes an app called mPaisa that allows users to manage their monthly budgets, track expenses, find nearby ATMs with cash, and access various banking services like bill payments and loans. It generates revenue through advertising on the app and commissions from sellers listing products. The app aims to be a one-stop solution for Indian users to better manage their finances. It targets users who run out of budget or need help finding ATMs. The goal is to tie up with major banks and e-commerce sites over three years to provide more services through the app.
mPaisa
- 2. Ran out of monthly budget? couldn't find an ATM with cash? or
- 3. HOW TO MANAGE MY MONTHLY BUDGET? HOW CAN I REACH NEARBY ATM WITH CASH IN AN UNKNOWN PLACE? WHO TO CALL? HOW TO KNOW?
- 7. • a mobile app which manages automatically and securely track your monthly spends & pay bills on time. • easy bank transaction up to Rs.1 lakh per transaction, 24*7. • find ATMs with Cash near you in real-time. • export your data and generate expense reports.
- 8. •Take control of your MONEY and SAVE - 'What', 'How' & 'Where' of your spends. In need, get a loan of up to Rs. 2,00,000/- in under 2* business hours. Budget management function, Card / Debit Card management function Vision to provide best finance services and control to the user
- 9. Advertising revenue model: In this model mPaisa allow to seller shows their advertisement on mobile app and charges some amount for this advertisement. Commission revenue model: through this model mPaisa charge commission from the seller for their listed product on app. Some of the services will be provided for a trial period, after which, the user have to pay one time of USD 7 to use premium services.
- 11. mPaisa is inspired by the idea of a financially fit India. One stop destination for finance services from respective bank and e-commerce services. mPaisa uses bank grade security & encryption - so your data and money are safe. Money View is completely safe & secure.
- 12. mPaisa targets people who are in a need of financial assistance and run out of monthly budget. mPaisa targets people to help them to find an ATM with Cash in a real time. mPaisa is an one platform app where user can financially assist themselves and enjoy the bank service.
- 13. According to the latest data released by National Payments Corporation of India (NPCI), the total number of ATMs in the country is now 1,04,500. Out of which 76,589 ATM machines are affected due to demonetization (i.e.; out of Cash) in April 2017. mPaisa is an app designed such a way to find the nearby ATM with Cash in such a hassle free way. There is a need of an app empowering people to be more aware of their finances and to pro-actively do better with their money.. mPaisa is an app designed such a way to find the nearby ATM with Cash in such a hassle free way.
- 14. Active ATM around on one click If enable, then automatically email monthly statement Connects automatically with user responses and maps Allows tracking requests
- 15. UNORGANIZED MARKET WINNER TAKES ALL MARKET COMPLETE CONTROL OF THE BANK SERVICES ON ONE CLICK
- 16. LOW FREQUENCY OF APP USAGE COMPETITORS WITH DEEP POCKETS BANK WILLINGNESS TO TIE UP
- 18. MAKES M-BANKING EASILY ACCESSIBLE TO CUSTOMERS AND VICE VERSA ALLOWS CUSTOMERS TO TRACK THEIR SERVICE REQUEST( IN CASE OF LOANS, etc) INCREASE THE EFFICIENCY OF M-BANK USERS WHICH CAN ALSO CONTRIBUTE OF DIGITAL INDIA
- 19. • find ATMs with Cash near you in real-time. • EXPORT your data and generate expense reports. • View your bank account balance (tracked via bank SMS) • Shop on Flipkart, Myntra, Jabong, and other online shopping websites.
- 20. • easy bank transaction up to Rs.1 lakh per transaction, 24*7. • One-click payments using your mPaisa account at any of mPaisa merchant partner locations. • View your bank account balance (tracked via bank SMS) • Get a loan of up to Rs. 2,00,000/- in under 2* business hours.
- 24. In the first year, we aim to tie up with 4 banks with which can allow their bank services on mPaisa. By the end of first year, we would have had 15000 users and responses which is enough proof of concept to approach Other executive banks. by the second year, we aim to tie up with two companies flipkart and amazon that is, the companies with good brand Value, joining mPaisa as wallet payment option. In the third year, we aim to tie up with mostly all the banks in India for providing service at one app and other merchant companies, with good brand value, joining mPaisa as wallet payment option.