PAYLO: ONE STOP SHOP FOR MAKING YOUR PAYMENTS SWIFT EASY AND SEAMLESS
Digitization is at a boom in India as our Prime Minister, Mr. Narendra Modi has taken every essential step to introduce it in our lives so profoundly. No sphere has remained untouched. After demonetization, the frequency of digital transactions has been quadrupled that gave rise to a multitude of companies, which eases your process of cashless transactions and ensures the safety of your money. Paylo caters to the emerging needs of cashless transactions through mobile payments, thus promoting financial inclusion. Headquartered in New Delhi, the Company is keeping abreast with technology that impetuses mobile payments via different user-friendly methods. The CEO of Paylo, Shubham Ghosh had purchased this Company from the owner of ‘Food Panda’, since then Shubham has put his heart and soul to watch it ascending on the graph of exemplary success in the market.
This objective, aimed at empowering retailers, traders & merchant owners, is to support the self-organized sector to move towards the advanced means of payments and adoption of technology to ease the way of handling cash inflow. Paylo is aimed at being that ONE stop shop, simple and subtle payment mobile application to accept payments via cards, mobile wallets, UPI, bank transfer and QR code-based providers.
PAYLO’S MAIN FOCUS IS TO MAKE THE PROCESS EASIER AND USER-FRIENDLY
Research is always being instrumental for Paylo to make the processes or applications more seamless and userfriendly. With the help of it, they are developing newer and better technologies to match the needs of users. A new feature has been added by Paylo to upgrade the standards of digital payments as well as to reduce the time consumption of users. Whilst doing the payment through mobile an OTP is generated, the innovated approach is that a user doesn’t have to fill the in the blanked spaces, it gets automatically filled without doing anything.
Paylo collects the feedback from the users and then, designs something better to suit the requirements of the users. The major focus is always being to make the process or processes user-friendly and save time. The other newly added feature is that without login or filing credentials, users can make the payment, by Skipping the Log in Process. Of course, the demerit is that users will not get any receipt, but if they want to opt for skipping the Log in Process, then it’s their choice in the end.
The team at Paylo is divided into two different segments: the Technical team and Business Development & Sales team. Both the domains work coherently to achieve the single most target that is to make the experience of the user great, and also eases the process of cashless transaction through mobile.
The USP of Paylo is to spot all the fraudulent activities over the network whilst payments, thereby ensuring the security of the user by synchronizing with the technology.
TECHNOLOGY SERVES THE BASE FOR THE COMPANY
Paylo is a platform that acts as a mediator between the banks and the users via technology. It’s true. Keeping abreast of the technology can only make the transaction of money easier, simpler and successful. Paylo has developed IOS applications for Apple phones, which traders and merchants can download in the phones, and complete the transactions through it. Here, not all customers can have access to these applications, but the businessmen, retailers, etc. can take full advantage of it. One more feather in the Cap is that the Company has created payment links through which the money can be transferred within seconds. They have made SMS gateways through which they tie up with different telecom providers.
FUTURE PROSPECTS
At the starting of January 2020, they are going to launch DMT that is Direct Money Transfer app. As in rural areas, people are not into digital transactions, they physically transfer money from one bank to another, which is quite cumbersome and takes a lot of time. Through DMT people can do cashless transactions through mobiles, without paying anything for one year. Paylo will not charge from the users a single paisa. Consequently, this boosts the clientele of the Company to a large extent.
`Secondly, they aim to provide 5% of return on mobile recharge. They envision to turn these plans into reality with the help of investors, who show interest in their schemes.
ACHIEVEMENTS TO BOAST OF
In a short span of time, they become successful in increasing the number of clients to 120. Thomas Cook is the leading brand to which they served. But, thee focus is not restricted to the top-notch names, rather they focus on small clients from where the maximum profits come
