paymnt front concept demo settlement

Paymnt Front – Concept Demo_SettlementPaymnt Front – Concept Demo_Settlement

Paymnt FrontPaymnt Front

A Payment solution to replace almost A Payment solution to replace almost all cash transactions by using Mobile as all cash transactions by using Mobile as

an Electronic Walletan Electronic Wallet


I am here to introduce Paymnt FrontI am here to introduce Paymnt Front Let’s go to the Background:Let’s go to the Background:


An individual withdraws money from An individual withdraws money from the banking system the banking system


Either using Cheque,Either using Cheque,


or plastic card from ATM with specific and or plastic card from ATM with specific and tentative or tentative requirement for a week or tentative or tentative requirement for a week or a month. a month.


Out of these he or she keeps certain amount in his/her Out of these he or she keeps certain amount in his/her wallet. Many individuals like students etc gets cash from wallet. Many individuals like students etc gets cash from parents or employers and use wallet to keep the same. parents or employers and use wallet to keep the same.


These wallet cash is used for various payments of services and goods. These wallet cash is used for various payments of services and goods. The banking system do not provide any service or do not have any The banking system do not provide any service or do not have any control or role to play till cash comes back to system after going through control or role to play till cash comes back to system after going through many transactions.many transactions.


We look at these cash payments as Domain for which We look at these cash payments as Domain for which Paymnt FrontPaymnt Front will work as a service provider. will work as a service provider.


One should have an Electronic Wallet, totally under One should have an Electronic Wallet, totally under individual control, universally available to one and all, individual control, universally available to one and all, with minimal transaction cost in a competitive market. with minimal transaction cost in a competitive market.


Let any Tony, Disha or Hari with just, Rs.50/- Let any Tony, Disha or Hari with just, Rs.50/- or 100/- have these Electronic Wallet also. or 100/- have these Electronic Wallet also.


Paymnt Front is ready to serve every one @ 10 Paisa Paymnt Front is ready to serve every one @ 10 Paisa per payment transaction, say from maximum of per payment transaction, say from maximum of Rs.9,999.99 to right up to smallest unit of Rs.1/- Rs.9,999.99 to right up to smallest unit of Rs.1/-


Well let me show you a concept Demo now & for Demo we Well let me show you a concept Demo now & for Demo we select 3 mobile service providers.select 3 mobile service providers.

• Reliance CommunicationsReliance Communications• Tata TelecommunicationsTata Telecommunications• VodafoneVodafone Let’s select 2 mobiles from each service provider.Let’s select 2 mobiles from each service provider.

Paymnt FrontPaymnt FrontServiceProvider ProvidersBankers Mobile 1st Mobile 2nd

Reliance Mobile Owner Mr. Patel Reliance Energy

Reliance ICICI Bank Mobile Owners Banker SBI ICICI Bank

Reliance Mobile_Number 9321952405 9322941558

Tata Mobile Owner Mrs. Shah Big Bazaar

Tata HDFC Bank Mobile Owners Banker Dena Bank Citi Bank

Tata Mobile_Number 9220884040 9223282301

Vodafone Mobile Owner Ms. Mehta P Savle

Vodafone HSBC Bank Mobile Owners Banker BOB V Syamrao Coop

Vodafone Mobile_Number 9892712651 9892712652


Now all persons who own 1st mobile of respective Service Now all persons who own 1st mobile of respective Service provider i.e. Mr. Patel, Mrs. Shah & Ms. Mehta will make provider i.e. Mr. Patel, Mrs. Shah & Ms. Mehta will make payment to Reliance Energy, on visit to Big Bazaar make payment to Reliance Energy, on visit to Big Bazaar make payment at the counter & make purchase from P Savle, a small payment at the counter & make purchase from P Savle, a small fruit vendor & makes payment there also, as shown.fruit vendor & makes payment there also, as shown.

Service Provider Reliance Tata Vodafone

Person Initial Balance Reliance Energy Big Bazaar P Savle Balance

Reliance Mr. Patel 7000 2550 1279 386 2785

Tata Mrs. Shah 4650 1335 895 549 1871

Vodafone Ms. Mehta 4350 1180 650 148 2372

Total 5065 2824 1083


Mr. Patel checks his Reliance Energy Bill & Mr. Patel checks his Reliance Energy Bill & makes paymentmakes payment


Mr. Patel enters 2550 & To No 9322941558 & opts for Next Mr. Patel enters 2550 & To No 9322941558 & opts for Next option. From his mobile message is sent to his service provider.option. From his mobile message is sent to his service provider.


Mobile – 9322941558 at Reliance Energy will receive a Mobile – 9322941558 at Reliance Energy will receive a payment Alert.payment Alert.


On opting for OK, mobile – 9322941558 will On opting for OK, mobile – 9322941558 will get 2get 2ndnd message message


balance updated to 2550.balance updated to 2550.


Mr. Patel will get acknowledgement from his service provider in Mr. Patel will get acknowledgement from his service provider in form of an Alert showing reduced balance of 4450.form of an Alert showing reduced balance of 4450.


Similarly on visit to the Big Bazaar.


Mr. Patel will make payment at the counter Mr. Patel will make payment at the counter


by entering 1279 & To No by entering 1279 & To No 9223282301 9223282301 & opts for Next option. & opts for Next option. From his mobile message is sent to his service provider.From his mobile message is sent to his service provider.


Mobile – 9223282301 at Big Bazaar will receive a Mobile – 9223282301 at Big Bazaar will receive a payment Alert. payment Alert.


On opting for OK, mobile – 9223282301 will On opting for OK, mobile – 9223282301 will get 2get 2ndnd message, message,


Mr. Patel will get acknowledgement from his service provider in Mr. Patel will get acknowledgement from his service provider in form of an Alert showing reduced balance of 3171.form of an Alert showing reduced balance of 3171.


Again at P Savles, fruit shop.Again at P Savles, fruit shop.


Mr. Patel will make payment Mr. Patel will make payment


by entering 386 & To No by entering 386 & To No 9892712652 9892712652 & opts for Next & opts for Next option. From his mobile message is sent to his service option. From his mobile message is sent to his service provider.provider.


P Savles Mobile – 9892712652 will receive a payment Alert & on P Savles Mobile – 9892712652 will receive a payment Alert & on opting for OK, mobile – 9892712652 will get 2opting for OK, mobile – 9892712652 will get 2ndnd message, message,


Mr. Patel will get acknowledgement from his service provider in Mr. Patel will get acknowledgement from his service provider in form of an Alert showing reduced Balance of 2785.form of an Alert showing reduced Balance of 2785.


Similarly Mrs. Shah pays her Reliance Similarly Mrs. Shah pays her Reliance Energy bill Energy bill


by entering 1335 & To No 9322941558 & opts for by entering 1335 & To No 9322941558 & opts for Next option. From her mobile message is sent to her Next option. From her mobile message is sent to her service provider.service provider.


Mobile – 9322941558 at Reliance Energy will Mobile – 9322941558 at Reliance Energy will receive a payment Alert.receive a payment Alert.


On opting for OK, mobile – 9322941558 will get 2On opting for OK, mobile – 9322941558 will get 2ndnd message,message,


balance updated to 3885balance updated to 3885


Mrs. Shah will get acknowledgement from her service provider in Mrs. Shah will get acknowledgement from her service provider in form of an Alert showing reduced balance of 3315.form of an Alert showing reduced balance of 3315.


Similarly at Big Bazaar.


Mrs. Shah will make payment at the counterMrs. Shah will make payment at the counter


by entering 895 & To No by entering 895 & To No 9223282301 9223282301 & opts for Next option. & opts for Next option. From her mobile message is sent to her service provider.From her mobile message is sent to her service provider.


Mobile – 9223282301 at Big Bazaar will receive Mobile – 9223282301 at Big Bazaar will receive a payment Alert.a payment Alert.


On opting for OK, mobile – 9223282301 will get 2On opting for OK, mobile – 9223282301 will get 2ndnd message, message,


Again at fruit shop of P Savle.Again at fruit shop of P Savle.


Mrs. Shah will make payment Mrs. Shah will make payment


Again Ms. Mehta pays her Reliance Energy bill Again Ms. Mehta pays her Reliance Energy bill


by entering 1180 & To No 9322941558 & opts for Next option. by entering 1180 & To No 9322941558 & opts for Next option. From her mobile message is sent to her service provider.From her mobile message is sent to her service provider.


Mobile – 9322941558 at Reliance Energy will Mobile – 9322941558 at Reliance Energy will receive a payment Alert.receive a payment Alert.


On opting for OK, mobile – 9322941558 will get On opting for OK, mobile – 9322941558 will get 22ndnd message, message,


Ms. Mehta will get acknowledgement from her service provider in Ms. Mehta will get acknowledgement from her service provider in form of an Alert showing reduced balance of 3170form of an Alert showing reduced balance of 3170..


At Big Bazaar.


Ms. Mehta will make payment at the counter Ms. Mehta will make payment at the counter


Mobile – 9223282301 at Big Bazaar will receive Mobile – 9223282301 at Big Bazaar will receive a payment Alert.a payment Alert.


On opting for OK, mobile – 9223282301 will get 2On opting for OK, mobile – 9223282301 will get 2ndnd message, message,


balance updated to 2824balance updated to 2824


Ms. Mehta will get acknowledgement from her service provider in Ms. Mehta will get acknowledgement from her service provider in form of an Alert showing reduced balance of 2520.form of an Alert showing reduced balance of 2520.


At fruit shop of P SavleAt fruit shop of P Savle


Ms. Mehta will make payment Ms. Mehta will make payment


Ms. Mehta will get acknowledgement from her service provider in Ms. Mehta will get acknowledgement from her service provider in form of an Alert showing reduced balance of 2372.form of an Alert showing reduced balance of 2372.


What you have seen is, 3 different mobiles send What you have seen is, 3 different mobiles send payment to payment to


22ndnd set of 3 different mobiles & these are just set of 3 different mobiles & these are just front end of the activity,front end of the activity,


but just after 5PM in the evening, payment settlement starts. but just after 5PM in the evening, payment settlement starts. Servers at Reliance, Tata & Vodafone will printout statements of Servers at Reliance, Tata & Vodafone will printout statements of account & issue the resulting payment cheques as followsaccount & issue the resulting payment cheques as follows


Detail of this cheque, Reliance from it’s A/C has to pay Detail of this cheque, Reliance from it’s A/C has to pay 2550 but it will pay 1335 on behalf of Tata & 1180 on 2550 but it will pay 1335 on behalf of Tata & 1180 on behalf of Vodafone. These will be reimbursed by both.behalf of Vodafone. These will be reimbursed by both.


1279 is payment made on behalf of Reliance, hence the 1279 is payment made on behalf of Reliance, hence the same is reimbursed to Tata.same is reimbursed to Tata.


386 is payment made on behalf of Reliance, hence the 386 is payment made on behalf of Reliance, hence the same is reimbursed to Vodafone.same is reimbursed to Vodafone.


Detail of this cheque, Tata from it’s A/C has to pay Detail of this cheque, Tata from it’s A/C has to pay 895 but it will pay 1279 on behalf of Reliance & 650 on 895 but it will pay 1279 on behalf of Reliance & 650 on behalf of Vodafone. These will be reimbursed by both.behalf of Vodafone. These will be reimbursed by both.


1335 is payment made on behalf of Tata, hence the 1335 is payment made on behalf of Tata, hence the same is reimbursed to Reliance.same is reimbursed to Reliance.


549 is payment made on behalf of Tata, hence the same 549 is payment made on behalf of Tata, hence the same is reimbursed to Vodafone.is reimbursed to Vodafone.


1180 is payment made on behalf of Vodafone, hence 1180 is payment made on behalf of Vodafone, hence the same is reimbursed to Reliance.the same is reimbursed to Reliance.


650 is payment made on behalf of Vodafone, hence the 650 is payment made on behalf of Vodafone, hence the same is reimbursed to Tata.same is reimbursed to Tata.


Detail of this cheque, Vodafone from it’s A/C has to Detail of this cheque, Vodafone from it’s A/C has to pay 148 but it will pay 386 on behalf of Reliance & 549 pay 148 but it will pay 386 on behalf of Reliance & 549 on behalf of Tata. These will be reimbursed by both.on behalf of Tata. These will be reimbursed by both.


All service providers of mobiles will put respective cheques All service providers of mobiles will put respective cheques along with statement of account in envelop and send it to office along with statement of account in envelop and send it to office of Paymnt Front in the same evening.of Paymnt Front in the same evening.

HSBC Bank

Linking Road,

Santa Cruz, Mumbai-400054

A/C:Vodafone

ICICI Bank

Indraprastha,

Santa Cruz, Mumbai-400054 A/C: Reliance Energy

HDFC Bank

Sana A bldg, Linking Road,


A/C:Tata Telecommunication

City Bank

Dilkush Dldg, S V Rd,

Santa Cruz, Mumbai-400054 A/C: Big Bazaar

ICICI Bank-Mumbai Branch

Free Press House, 215 Nariman Point-400021

A/C:Reliance Communication

HSBC Bank

Linking Road,


A/C:Vodafone

ICICI Bank-Mumbai Branch

Free Press House, 215 Nariman Point-400021

A/C:Reliance Communication

HDFC Bank

Sana A bldg, Linking Road,


A/C:Tata Telecommunication

Vithaldas Shyamrao Co-op Bank, Plot No- 102, S V Rd

Khar(W), Mumbai-400052 A/C: Pandurang Savle


At office of Paymnt Front, covers are sorted out and bunch of At office of Paymnt Front, covers are sorted out and bunch of covers will be sent to respective Banks, next day on opening of covers will be sent to respective Banks, next day on opening of the Banks, by office of Paymnt Front.the Banks, by office of Paymnt Front.


This is Banks ATM, popularly known as This is Banks ATM, popularly known as AAny ny TTime ime MMoney. oney.


Tomorrow you may find ATC, Tomorrow you may find ATC, AAnyny T Time ime CCash. ash. ATC at corner Panwala, at any STD-PCO & ATC at corner Panwala, at any STD-PCO & in every Pub & Bar. ATC_100, ATC_300, in every Pub & Bar. ATC_100, ATC_300, ATC_500 or ATC_1000.ATC_500 or ATC_1000.


• Bluetooth connection to serversBluetooth connection to servers

• For the Demo, we For the Demo, we have used four(4) have used four(4) Laptops.Laptops.

• One as a main One as a main server@ Paymnt Front server@ Paymnt Front & 3 others @ Reliance, & 3 others @ Reliance, Tata & Vodafone. All Tata & Vodafone. All the Laptops are on the Laptops are on wired Network & wired Network & Mobile to respective Mobile to respective Laptop is Bluetooth Laptop is Bluetooth connection.connection.

Server@ Paymnt Front

Server@ Reliance Server@ Tata Server@Vodafone


We have two set of mobile applications. One for mobile We have two set of mobile applications. One for mobile from which payment will be made & second for mobile from which payment will be made & second for mobile which receives payment.which receives payment.


Lets check 2Lets check 2ndnd, here service provider has to apply KYC (know your customer) , here service provider has to apply KYC (know your customer) norms vigorously & even get confirmation from respective bankers about the norms vigorously & even get confirmation from respective bankers about the account. In case as Taxi/Autoricksaw, account can be in name of their union account. In case as Taxi/Autoricksaw, account can be in name of their union & KYC compliance should be ensured by them & all payment are drawn in & KYC compliance should be ensured by them & all payment are drawn in favor of this account & members can further withdraw or get transfer from favor of this account & members can further withdraw or get transfer from this account.this account.


As for 1As for 1stst application, it is presumed that individual will opt for this for application, it is presumed that individual will opt for this for payment purpose only, and his/her balance will be charged by a bank DD in payment purpose only, and his/her balance will be charged by a bank DD in favor of service provider. But still in emergency, system provide for favor of service provider. But still in emergency, system provide for emergency exit, hence he/she has to provide bank account details where emergency exit, hence he/she has to provide bank account details where balance will be transferred in emergency. It can be personal account of balance will be transferred in emergency. It can be personal account of his/her, joint or relatives account, company account or co-opted account in his/her, joint or relatives account, company account or co-opted account in name of association etcname of association etc. .


As name suggest, its not “Paymnt Front” function to endeavor transfer of fund, from As name suggest, its not “Paymnt Front” function to endeavor transfer of fund, from one individual mobile to another individuals mobile & we do not support the same. one individual mobile to another individuals mobile & we do not support the same. But as exception makes the rule, please consider few family cases.But as exception makes the rule, please consider few family cases.

• Father residing at Mumbai has a son studying at Pune.Father residing at Mumbai has a son studying at Pune.• Mother residing at small town of Orissa awaits for money order from her son working Mother residing at small town of Orissa awaits for money order from her son working

at Surat.at Surat.• In view of these family reasons, we propose to allow restricted transfer to family In view of these family reasons, we propose to allow restricted transfer to family

members like father, mother, wife/husband, son & daughter. Maximum of Five (5) per members like father, mother, wife/husband, son & daughter. Maximum of Five (5) per individual mobile.individual mobile.

• We are aware of chain reaction, hence system will not allow any mobile number, which We are aware of chain reaction, hence system will not allow any mobile number, which is in recipients list, to have transfer capability to any other mobile number further is in recipients list, to have transfer capability to any other mobile number further down. In view of this only dependent individual will opt to be recipient of any transfer down. In view of this only dependent individual will opt to be recipient of any transfer of fund.of fund.


• Contact:Contact:• [email protected]@gmail.com• Mobile: 09833461164Mobile: 09833461164• Res: (022)26493032Res: (022)26493032• A S PatelA S Patel

paymnt front concept demo settlement

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