A recent TechSci Research report titled “India Mobile Wallet Market Opportunities and Forecast, 2020”, projects that the mobile wallet market in India will grow to $ 6.6 billion by 2020. The increasing penetration of smart phones, a growing internet base as well as regulatory support has created conditions which are ripe for exponential growth of the mobile wallet market.
PayPortal Services is supporting India’s drive towards becoming a cash-less economy and offering a secure and convenient option for a variety of financial transactions for our customers and partners. PayPortal is a privately-owned company, established under the Indian laws in 2011 by experts with more than two decades of experience in the international payment services industry. It is a payment solution company with expertise in mobile recharges, utility bill payments and money transfer. PayPortal’s centralized platform connects service providers including banks, mobile operators, digital TV operators and utility companies with the public through a wallet. PayPortal’s wallet number is linked to a mobile number of the wallet’s owner.
PayPortal is making financial transactions easier and smoother by ensuring quick and safe recharges, money transfers and payments. We are present through point of sale terminals, web as well as mobile apps for the ease and financial convenience of our customers and partners. Our mission is to offer top-notch electronic payment solutions to our customers across the value chain. We consistently work towards making a difference in the daily life of our end users by providing seamless services, ease of use through a single window payment option and complete customer satisfaction.
Leveraging the deep experience in banking, payments processing, telecom and information technology of its management team, PayPortal has established itself firmly as a service provider with wide coverage in its areas of operations. Our team of uniquely skilled professionals strives to make digital payments option accessible to every customer and ensure higher profitability for them through our efficient networks and achieving economies of scale. The team brings a cumulative experience of more than five decades, expertise from national and international markets as well as a history of success in large scale financial projects.
At PayPortal our endeavour has always been to ensure that our customers can transact with utmost ease, speed and complete assurance of safety and this has led us to adopt the blockchain technology. The concept of blockchain is bringing a revolution to the financial services industry globally and PayPortal is also evolving itself around this technology. Server decentralization, a key aspect of this technology will keep wallet data safe in case of hardware failure or hacking attacks. PayPortal has now become a pioneer amongst its peers by implementing a cross border money transfer service based on block chain to provide ease of money transfers between Indian migrants living abroad and their families in home country. With our advanced experience in domestic money transfers, we will be ensuring the fast and safe international transfers through our own block chain and crypto currency PPTL Coin. The PPTL coins will be internationally acceptable as a means of payment and will be convertible into Indian rupees for the final leg of transaction.
Our company operates on bedrock of innovation, long term partnerships and customer focus; leveraging our expertise and experience to ensure the success of the entire system comprising of operators, consumers, merchants and dealer networks, financial institutions and infrastructure providers. We work towards creating a win-win for all our stakeholders and maximize benefits for them through decreased transaction costs, reduced risks in the payments chain and dramatically reduced payment time.