Transferring money between individuals is quite effortless. How can they do that? A mobile payments app is the reason. Paytm’s emergence in December 2010 triggered the Fintech revolution in India. Are you that entrepreneur willing to set up a robust payment gateway? Developing a Paytm clone is the right option for you.

The fintech solutions offered by an app development company are

Peer-To-Peer (P2P) Payment development - Unified Payments Interface (UPI) is the backbone of a Paytm-like payments platform. Users can send and receive money, buy flight and movie tickets, and pay off utility bills with ease. They will get benefits like access to transaction history, exclusive offers, a self-checkout mechanism, and integration with debit and credit cards.

Point of Sale (PoS) software creation - Retailers can manage their business operations effectively with Point of Sale (PoS) devices. They receive e-invoices for every transaction made by a customer.

Moreover, an advanced dashboard will contain real-time information about the purchases, number of orders, inventory, and sales. Besides that, sellers can handle their catalogues effectively. They can add and remove items, change the prices, modify the categories, and update their inventory accordingly.

E-commerce platform development - Paytm Mall is a popular digital shopping platform. Users can purchase branded products with ease. Likewise, an app development company will create an online platform with identical functionalities. It includes a filter and search mechanism, an order cart, a social media login option, integration with debit cards, credit cards, net banking accounts, a retailer registration option, and a 24x7 technical support desk.

Financial software development - An app creation enterprise also integrates a set of financial services in the Paytm clone. Individuals can manage their funds by opening a Demat account and also earn high returns through investments. They can choose options like Mutual Funds, National Pension System (NPS), and invest in stocks of private limited accounts without paying any commission.

Are you that entrepreneur passionate about finance and technology? Reach out to an app development company and launch a Paytm clone soon.

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