#Secure UPI transactions

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How to Create UPI ID: A Step-by-Step Guide

How to Create UPI ID: A Step-by-Step Guide

Do you want to know how to create UPI ID? Get all your queries solutions. UPI or Unified Payment Interface is a payment system that allows users to transfer money from one bank account to another instantly. It is a popular payment method in India, and more and more people are using it to make digital payments. To use UPI, you need to create a UPI ID, which is a virtual payment address. In this…

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How to make a UPI Payment Without The Internet: A Simple Guide

UPI is a internet banking app that enables money transfer from one account to another. It requires an uninterrupted internet connection to complete transactions. But if you are in an emergency and need to make an immediate transaction, click *99# to complete a transaction.

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India’s Most Trusted UPI Payment Solution: WeGoFin is the Future

In the rapidly evolving landscape of digital payments, India has emerged as a global leader with its Unified Payments Interface (UPI) system. UPI has revolutionized how we handle transactions, making them seamless, secure, and accessible to everyone. Among the myriad of UPI payment options available, WeGoFin stands out as the most trusted and reliable solution for millions of users across the country.

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Make Payments through UPI with your Credit Card However, one can also read the following guide to know more: Step 1: Scan a QR Code or enter the receiver's UPI details. Step 2: Tap on 'Pay' and enter the amount. Step 3: Choose to pay with your credit card amongst the payment options.

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UPI API Provider

Looking to revolutionize your banking services? Look no further! We, at PaySprint, are your leading UPI API Provider, offering innovative solutions for seamless integration and enhanced functionality. With our UPI Cash Withdrawal API, say goodbye to traditional banking methods and hello to the future of banking! Experience the ease of cardless withdrawals, secure transactions, and unparalleled convenience. Embrace the future with PaySprint, your trusted UPI API Provider!

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Wonderpay Your Trusted Payment Gateway With Instant Settlement And Free UPI Collection

Wonderpay offers Instant payment solutions across the country. This is very crucial for any business that aims to expand their reach for improving customer experiences. It also enhances the security of your payments with a minimum transaction cost. Our payment gateway supports a vast array of transactions, which makes it easier to manage financial transactions for all types of small e-commerce stores to large multinational corporations.

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Secure UPI Money Transfer, Scan QR, Check Account Balance & Transaction History

Simplify your finances with Kotak811, the ultimate app for easy money transfers, UPI payments, and account management! With our feature-rich mobile banking app, you can enjoy quick and secure UPI transfers to any account, instantly check your account balance, view transaction history, and grow your savings account faster with High-Interest Fixed Deposits!

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UPI: The Force Behind Inclusion and Economic Growth

In this rapidly evolving world of digital finance, the Unified Payments Interface (UPI) has emerged as a powerful driver of economic growth and financial inclusion. UPI has revolutionized the way transactions are handled. It plays an important role in promoting a more inclusive and robust economic landscape.

Download App :

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Best Recharge Company

In today's fast-paced digital age, staying connected is not just a luxury; it's a necessity. Whether it's topping up your mobile phone, paying utility bills, or recharging your DTH (Direct-to-Home) connection, recharge companies have become an integral part of our lives. With numerous players in the market, each offering a unique set of features and benefits, finding the best recharge company can be a bit overwhelming. In this blog, we'll explore some of the top recharge companies and what makes them stand out.

Paytm - The All-in-One SolutionPaytm has become a household name in India, offering a versatile platform for mobile recharges, bill payments, flight bookings, and online shopping. What sets Paytm apart is its user-friendly interface and frequent cashback offers, making every recharge or payment a rewarding experience.

FreeCharge - Quick and SecureFreeCharge is known for its fast and secure payment options. With a focus on mobile recharges and bill payments, it's a go-to choice for those seeking hassle-free transactions. The platform often provides cashback deals and discounts, making it a cost-effective option.

PhonePe - UPI Integration at Its BestPhonePe's seamless integration with UPI payments has made it a popular choice in India. Besides recharges and bill payments, you can transfer money and shop online. Its user interface is lauded for its simplicity and convenience.

Google Pay - Trust and SecurityGoogle Pay is known for its robust security features, and its digital wallet allows users to make mobile recharges and bill payments with confidence. The option to link your bank account for transactions adds an extra layer of convenience.

Jio Recharge - For Jio CustomersIf you're a Jio customer, recharging your mobile number is a breeze through the official Jio website or app. With a range of prepaid plans offering data, voice, and SMS services, it caters specifically to Jio subscribers.

Airtel Thanks App - Airtel's All-in-One HubAirtel customers can manage their accounts, recharge their mobile numbers, and pay bills through the Airtel Thanks app. It offers a variety of prepaid and postpaid plans, as well as DTH recharges.

MyVodafone App (now Vi App) - Vi's User-Friendly InterfaceFor Vodafone Idea (Vi) customers, the MyVodafone app (now merged with Vi) provides an easy way to recharge mobile numbers, pay bills, and manage accounts. It simplifies the process for subscribers.

Amazon Pay - The Amazon TouchAmazon Pay, offered by the e-commerce giant Amazon, allows users to recharge mobiles, pay bills, and shop on Amazon. Frequent cashback offers and discounts make it an attractive choice.

Choosing the Right Recharge Company

When determining which recharge company is the best fit for your needs, consider the following factors:

Services Available: Ensure that the company offers the services you need, whether it's mobile recharges, bill payments, or other digital transactions.

User Interface: A user-friendly app or website can make the process smoother and more enjoyable.

Security: Look for companies that prioritize security, safeguarding your financial and personal information.

Offers and Discounts: Check for any promotions, cashback deals, or discounts that can help you save money on your transactions.

Reviews and Reputation: Reading user reviews and assessing the company's reputation can provide valuable insights.

Availability: Confirm that the services are available in your region.

In conclusion, the best recharge company for you will depend on your specific requirements and preferences. With the diverse options available, you're sure to find one that suits your needs and makes managing your digital transactions a breeze. Whether you prioritize cashback offers, user-friendly interfaces, or security, these top recharge companies offer a range of benefits to make your life easier.

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Digital Payments In Today’s World

Since the time of the stone age, we have witnessed several changes in all aspects of life forms. The oldest form of commerce, the barter system involved the exchange of goods and services between two or more parties without the use of money.

Later, the currency system emerged where the elites of Lydia and Ionia used stamped silver and gold coins to pay armies.

The Evolution of Money - Barter to Cryptocurrency

Throughout the years, like all life forms, economics and payments have seen a drastic change. From the barter system to the currency system, humankind has successfully adapted innovative technologies.

Today, we are witnessing the era of digital payments. The current payment methods are already a key indicator of our progress. They are powered by cutting-edge technology and boast our current technological advancements. 

In fact, a number of countries like Sweden, Finland, the UK, China and Norway have already moved to a completely cashless society or are on their way to becoming one.

The concept of a cashless society is increasingly becoming popular. Payment methods like UPI, NEFT, Point-of-Sales terminals, and mobile wallets are preferred as they are single-click authentication. 

Digital Payments in India

India has shown the world that they are a real-time digital payment by almost 40 per cent of all transactions. As a matter of fact, Prime Minister Narendra Modi praised UPI - Unified Payment Interface and the fintech sector on the occasion of Independence day. 

According to the latest data, India’s digital payment market is expected to rise more than triple to $10 trillion by 2026. At the same time, digital payment methods including UPI transfers and credit card transactions will likely reach saturation point in India by FY27.

However, the cash flow will still be used. Such a transformation of the financial landscape will definitely observe intense involvement for business, society and government. 

Having said that, let's have a look at the benefits and drawbacks of digital payments to understand why countries need to be even more adaptive to such payments soon.

Benefits

Digital payments provide better transparency in the transactions, which reduces the instances of money laundering & theft.

Extremely easy to track all the payments you make accurately and in real-time.

Digital payments can massively reduce the time and cost used to handle & store physical currency. 

Faster transactions, making it easier and more convenient for both the retailer & the customer.

Tradition banking transactions charge some handling fee. However, Online Transactions are usually free, making transactions less costly.

Drawbacks

A potential risk of personal & financial data breach, in case the websites don’t have high-security measures in place.

Digital Payments rely upon internet connectivity heavily. So, when the internet connectivity is not there or the servers are down, it will be challenging for people to make transactions/payments.

Instances of impulsive buying may rise since you have to swipe or click to complete the transaction without needing to check your balance.

Taking all the benefits and drawbacks into consideration, digital payments come as a boon and have made our lives much easier than before.

At the same time, online retailers have a wide variety of security tools, For example - they encrypt data on the systems, Pay Pal’s security has a second authentication factor, SSL certificates, firewalls and regular system scans.

On the consumer end, there’s an option of creating strong passwords, sign up and anti-virus software up-to-date. 

However, many still prefer to be more inclined toward traditional transaction methods. Ultimately, it all comes down to the personal preference of the person making the transaction, whether they want to go digital or stick to cash transactions only. 

The Rise of Ecommerce

For all the reasons outlined above, online transactions are safe and secure. The shift in E-Commerce also played a pivotal role in promoting the use of digital payments, If data is to be estimated, there are around more than 289 million buyers buying things online. At the same time, it is expected to grow at a rate of 9.5% per year. 

The more the use of E-commerce websites the more digital payments. Furthermore, it is also related to the strong accessibility to the internet.

Millennials are raised with internet usage and online shopping. This generation spends more money online than any other age group. Clearly, online payments are clearly the way of the future. But, the only concern that needs to be taken care of is security.

However, all cash is not the solution. So, where are we leading? Is a cashless society the future? Let’s move to the conclusion to know about the changed behaviours and alternate payment options. 

Is a cashless society the future?

Today, technological innovation has made financial transactions seamlessly possible on computers and mobile devices. Now it is taken for granted, going forward.

Clearly, caution should still be exercised. Yet experts in a post-pandemic world say that it is likely that digital payments will become increasingly popular.

At the same time, with our transactions quicker, faster and better, caution should be taken regarding vulnerable people around us.

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Kotak 811 – A One-Stop Destination for All Your Banking Needs

Make Money Transfers Smooth & Easy

Simplify your finances with Kotak811, the ultimate app for easy money transfers, UPI payments, and account management. With our feature-rich mobile banking app, you can enjoy quick and secure UPI transfers to any account, instantly check your account balance, view transaction history, and grow your savings account faster with high-interest Fixed Deposits!

The Kotak811 mobile banking app is your one-stop solution for managing your bank account anytime, anywhere. It caters to your needs with its easy-to-use interface and a wide range of features.

Move Money Effortlessly

Instant UPI Transactions: Send and receive money instantly using the Unified Payments Interface (UPI). Whether splitting a bill with friends at a restaurant, paying rent to your landlord, or repaying a colleague, Kotak811 makes it quick and convenient.

Scan & Pay in a Flash: Ditch the hassle of manually entering account details or carrying your cards everywhere. Simply scan QR codes displayed at stores, on bills, or shared by individuals to make secure and instant payments.

Fast & Secure Every Time: Rest assured, your money transfers are protected with advanced security measures like two-factor authentication and block/unblock features. Enjoy peace of mind knowing your finances are secure with Kotak811.

Stay on Top of Your Finances

Balance at Your Fingertips: Check your bank balance anytime, anywhere with just a few taps. Need a quick peek without revealing the entire amount? Utilize the convenient ‘hide balance’ feature for discreet viewing.

Track Your Transactions: Gain a complete view of your spending habits. Easily access your UPI transaction history, allowing you to categorize expenses and monitor your financial well-being.

Grow Your Savings

Open FDs with a Few Taps: Create new Fixed Deposit (FD) accounts directly within the Kotak811 App. The simple process makes investing and growing your savings for future goals easier than ever.

Manage FDs Conveniently: Monitor your existing FD investments, track their progress, and manage them effortlessly from the comfort of your phone.

Credit Card Management

Easily manage all your credit cards through the Kotak811 App. Make payments, check statements, set transaction limits, and more, all from one convenient place.

Why Choose Kotak811?

Seamless UPI Money Transfers: Send and receive money instantly using the widely accepted UPI network.

Effortless Scan & Pay: Skip manual entry and pay securely with just a quick scan.

24/7 Account Access: Manage your finances at your convenience, anytime, anywhere.

Discreet Balance Check & Transaction History: Stay informed about your finances with the ‘hide balance’ feature and easily access transaction history.

Grow Your Savings with FDs: Open and manage Fixed Deposits to achieve your financial goals.

Advanced Security Measures: Enjoy bank-grade security for all your money transfers.

User-Friendly Interface: Experience a smooth and intuitive design for a hassle-free banking experience.

Download the Kotak811 App today and redefine your banking experience.

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The Importance of IFSC Codes in Indian Banking

The Indian Financial System Code, commonly referred to as IFSC or Indian Financial System Code, is an eleven-character alphanumeric number that uniquely identifies bank branches and their associated NEFT or RTGS codes. This system was created by the Reserve Bank of India (RBI).

These IFSC codes are essential for Indian banking as they enable all online transactions such as the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS). Not only do these IFSC codes prevent errors from occurring but they make transfers quicker and smoother too.

Identifying a Bank Branch

The Importance of IFSC Codes in Indian Banking

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used by banks to identify their branches across India. This unique system ensures funds are directed correctly to the right bank branch within each nation.

IFSC codes are essential for many reasons, such as speed and efficiency, enhanced security, and nationwide coverage. Furthermore, they make online money transfers simpler which benefits both parties involved in the transaction.

The IFSC (International Financial System Code) is an eleven-character alphanumeric code that uniquely identifies each bank branch. This code is utilized by NEFT, RTGS and IMPS systems to guarantee funds transfer to their intended destination. Furthermore, IFSC codes enable tracking transactions which helps reduce errors and fraudulence.

Identifying a Beneficiary Account

Bank IFSC codes are 11-character identification numbers which uniquely identify every bank branch in India participating in the NEFT, RTGS and IMPS payment systems. These help banks settle and validate transactions quickly between branches by expediting settlement processes.

IFSC codes simplify paperwork and enable individuals and organizations to transfer funds online without visiting a branch, saving banks valuable time, effort, and manpower.

If you need to look up an IFSC code, there are various resources such as the Reserve Bank of India website that can be utilized. Nevertheless, it's wise to double-check its accuracy with the relevant bank before transferring funds elsewhere.

Indian banking relies heavily on IFSC codes. They guarantee your money is transferred to its intended beneficiary promptly and efficiently, making IFSC codes essential when doing online transfers or using services like net banking.

Identifying a Bank Account

The IFSC code is a unique identification that's needed when transferring funds online through various methods such as National Electronic Fund Transfer (NEFT), Real Time Gross Settlements (RTGS), Immediate Payment System (IMPS) and Unified Payment Interfaces (UPI). Additionally, this helps identify a beneficiary account by providing their bank details.

It is essential to comprehend that an IFSC code consists of eleven alphanumeric characters, consisting of letters, numbers and symbols. The first four characters represent a bank name while the last six are either numbers or letters representing branch codes.

Indian banking relies heavily on IFSC codes, which are used to uniquely identify each bank branch. You may find IFSC codes on various documents like cheque books and account statements.

Online Fund Transfer

IFSC codes are an integral component of modern banking when transferring funds online. They identify the bank branch where your account is registered for NEFT, RTGS and IMPS transactions.

When sending money overseas or within India, the recipient's IFSC code is essential for smooth processing. To locate this number, check their cheque book or passbook.

An IFSC code is an 11-digit number issued by the Reserve Bank of India to all Indian banks and their branches. The initial four characters identify the bank, while the following six correspond to a particular branch.

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Make Payments through UPI with your Credit Card However, one can also read the following guide to know more: Step 1: Scan a QR Code or enter the receiver's UPI details. Step 2: Tap on 'Pay' and enter the amount. Step 3: Choose to pay with your credit card amongst the payment options.

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Top 5 best payment gateway in Delhi NCR

In the modern world, payment gateways have become an essential tool for businesses, particularly in Delhi NCR, which is a hub of startups and emerging companies. Payment gateways enable secure, quick, and seamless transactions, providing businesses the opportunity to serve their customers with maximum efficiency. The availability of various payment gateways in the region has made it difficult for businesses to choose the most suitable one. In this article, we will discuss the top 5 best payment gateways in Delhi NCR.

1 PayU: PayU is one of the most popular payment gateways in Delhi NCR, serving millions of businesses across the country. PayU offers a variety of payment options such as credit cards, debit cards, net banking, UPI, and more. The platform is known for its ease of use, reliability, and advanced features like auto-retry, dynamic switching, and more. PayU charges a transaction fee of 2% for Indian cards and 3% for international cards.

2 FrenzoPay: FrenzoPay is a payment gateway that is gaining popularity in Delhi NCR due to its advanced features and competitive pricing. The platform offers a wide range of payment options such as credit cards, debit cards, net banking, UPI, and more. FrenzoPay is known for its low transaction fees, multi-currency support, and advanced features such as recurring payments and invoice management. The platform charges a transaction fee of 1.75% for Indian cards and 3% for international cards.

3.Razorpay: Razorpay is another popular payment gateway in Delhi NCR. The platform offers a variety of payment options, including credit cards, debit cards, net banking, UPI, and more. Razorpay is known for its competitive pricing and user-friendly features. The platform charges a transaction fee of 2% for Indian cards and 3% for international cards. It also offers features such as recurring payments, smart routing, and instant refunds.

4.CCAvenue: CCAvenue is one of the oldest payment gateways in India and is a popular choice for businesses in Delhi NCR. The platform offers a wide range of payment options such as credit cards, debit cards, net banking, UPI, and more. CCAvenue is known for its excellent customer support and advanced features like multi-currency support and recurring payments. The platform charges a transaction fee of 2% for Indian cards and 3% for international cards.

5 Cashfree: Cashfree is a popular payment gateway in Delhi NCR, especially among small businesses and freelancers. The platform offers a variety of payment options such as credit cards, debit cards, net banking, UPI, and more. Cashfree is known for its low transaction fees, instant payouts, and automated reminders. The platform charges a transaction fee of 2% for Indian cards and 3% for international cards.

Conclusion:

Choosing the right payment gateway is crucial for any business, especially in Delhi NCR, where competition is intense. While there are many payment gateways available, businesses must choose the one that best suits their needs. PayU, FrenzoPay, Razorpay, CCAvenue, and Cashfree are some of the best payment gateways in Delhi NCR, each offering unique features and pricing. By choosing the right payment gateway, businesses can provide their customers with a seamless and secure payment experience, enabling them to grow their business and stay competitive.

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BBPS Bill Payment API Integration by INFINITY WEBINFO PVT LTD

Introduction to BBPS

BBPS (Bharat Bill Payment System) is a centralized platform launched by the National Payments Corporation of India (NPCI) to facilitate seamless and efficient bill payments for consumers across the country. It aims to provide a standardized, secure, and user-friendly way to pay various utility bills.

BBPS Bill Payment API Integration by Infinity Webinfo Pvt Ltd

BBPS stands for Bharat Bill Payment System, an integrated bill payment system in India that enables consumers to pay their bills easily and securely. It was launched by the National Payments Corporation of India (NPCI) to facilitate seamless bill payments across various service providers.

BBPS Here are the key details regarding BBPS bill payments:

1. Services Covered

BBPS allows users to pay bills for a variety of services, including:

Electricity

Water

Gas

Telecom (Mobile and Landline)

DTH (Direct-to-Home)

Internet Services

Municipal Taxes

2. Payment Channels

Users can make payments through multiple channels, including:

Mobile Apps: Many banking and payment apps integrate BBPS.

Web Portals: Various websites provide BBPS services for bill payments.

Retail Outlets: Physical locations that are part of the BBPS network.

ATMs: Selected ATMs offer bill payment options.

3. Payment Methods

BBPS supports various payment methods to enhance user convenience:

Credit/Debit Cards

Net Banking

UPI (Unified Payments Interface)

Mobile Wallets

4. Features

Instant Confirmation: Users receive immediate payment confirmation via SMS or email.

User-Friendly Interface: Simple navigation for easy bill payment.

Dispute Resolution: Mechanisms in place for addressing transaction disputes.

Tracking and History: Users can view their transaction history for better management.

5. Security

BBPS employs advanced security measures, including:

Encryption: Protects sensitive user data.

Secure Transactions: Compliance with regulatory standards ensures a safe payment environment.

6. Benefits of Using BBPS

Convenience: Pay multiple utility bills in one place.

Time-Saving: Quick and easy payment process without the need to visit multiple service providers.

Wide Reach: Available across various service providers, ensuring accessibility.

7. How to Use BBPS

Choose a Payment Channel: Select a mobile app, website, or retail outlet.

Select the Service: Choose the type of bill to pay.

Enter Details: Provide necessary information such as account number and bill amount.

Make Payment: Select your preferred payment method and complete the transaction.

Receive Confirmation: Get instant confirmation of your payment.

8. Customer Support

In case of issues, customers can reach out to their respective service providers or the BBPS customer support for assistance.

What is BBPS Bill Payment API?

The BBPS (Bharat Bill Payment System) Bill Payment API provides businesses and service providers with the necessary tools to integrate BBPS functionalities into their platforms. This API allows for real-time bill payment processing, enabling users to pay their bills easily while ensuring a secure and efficient transaction experience.

INFINITY WEBINFO PVT LTD and BBPS Integration

INFINITY WEBINFO PVT LTD has recognized the potential of BBPS (Bharat Bill Payment System) and has successfully integrated the BBPS (Bharat Bill Payment System) Bill Payment API into its offerings. This integration enhances the service portfolio of the company, allowing its clients to offer a comprehensive bill payment solution to their customers.

Key Features of INFINITY WEBINFO PVT LTD’s BBPS Bill Payment Integration:

User-Friendly Interface: The integration comes with an intuitive interface, making it easy for users to navigate and pay their bills seamlessly.

Multiple Payment Options: Customers can pay their bills using various payment methods, including credit/debit cards, net banking, UPI, and wallets.

Real-Time Processing: The API ensures that all transactions are processed in real time, providing instant confirmation and reducing wait times for users.

Comprehensive Dashboard: INFINITY WEBINFO PVT LTD offers a robust dashboard for businesses to manage their transactions, track payment history, and generate reports.

Security Features: With advanced encryption and security protocols, the integration ensures that all transactions are safe and secure, protecting user data and financial information.

Multi-Service Capability: The API supports a wide range of utility services, allowing businesses to cater to diverse customer needs.

Scalability: INFINITY WEBINFO PVT LTD’s BBPS integration is designed to scale, accommodating increasing transaction volumes as businesses grow.

Benefits of BBPS Bill Payment API Integration

Enhanced Customer Experience: By providing a smooth and efficient bill payment process, businesses can improve customer satisfaction and retention.

Increased Revenue Streams: Businesses can leverage the BBPS platform to attract new customers and offer additional services, leading to increased revenue.

Simplified Operations: The integration automates the billing process, reducing manual effort and errors, thereby streamlining operations.

Regulatory Compliance: The BBPS framework ensures compliance with regulatory standards, giving businesses peace of mind regarding their payment processes.

Conclusion

The integration of the BBPS Bill Payment API by INFINITY WEBINFO PVT LTD represents a significant step forward in enhancing the utility payment experience in India. By leveraging this technology, businesses can provide a seamless, secure, and efficient bill payment solution, ultimately leading to greater customer satisfaction and operational efficiency. As the digital payment landscape continues to evolve, INFINITY WEBINFO PVT LTD is poised to be a key player in the industry, driving innovation and convenience for consumers across the nation.

For more information about BBPS API integration and how it can benefit your business, visit INFINITY WEBINFO PVT LTD’s official website or contact us.

For more details contact us now: - +91 9711090237

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How Block chain brought a revolution in MLM Industry

For More Details Please Contact

Call / Whatsapp: +91 7397224461

Website: www.icoappfactory.com

101, Kumaran Colony,

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Chennai, Tamil Nadu

Today, the world is moving so fast towards the new technologies, the traditional ways of payment process are now outdated. The Development in the field of payment gateways, Blockchain, UPI’s has given a boost to the online world and now it’s your time to grab your potential customers from this online world. Now, using Blockchain Technology is the smart move to grow your business.

ICO App Factory, India based company. We provide you all the online solutions for Blockchain to grow your business. We have a group of active and energetic workers who full fill the requirement for our clients. Blockchain Technology the revolutionary concept that changed the phase of digital industry is a game changer. And talking about the MLM industry, a marketing model that keeps the sales and network building align together to make the business a proper ‘BRAND’ tag. Conceptualize something with blockchain is a dream come true moment and blockchain has got such potential to change the MLM industry.Today, the world is moving so fast towards the new technologies, the traditional ways of payment process are now outdated. The Development in the field of payment gateways, Blockchain, UPI’s has given a boost to the online world and now it’s your time to grab your potential customers from this online world. Now, using Blockchain Technology is the smart move to grow your business.

Blockchain technology aids the business in many ways and as far as it is a concern, now it’s the validation part is carried out by the nodes. Marketing industry got its path right after the multi-level marketing ideas begin to gain the prominence.

Blockchain Technology

Blockchain technology manages the every currency transactions. But Blockchain is not limited to just currency but enlarges to any domain where anything of value is transacted, be it contracts, personal information, health records, business data and much more.

A blockchain is an excellent form of Database storage system, which uses records to store data or information. These records or blocks get copied automatically with the mechanism of cryptography providing a more secure data storage platform. This means, your data is stored securely in multiple areas, reducing the overall cost of data storage. The blockchain is the technology which supports the cryptocurrencies and Digital currencies. Blockchain assures that transaction continued into the blockchain database which is stable.

MLM Marketing

Essentially, MLM operates as an expandable mechanism in which people keep encouraging new members to join for the expansion of operations. In the MLM model, the contribution of every single member and incentive distribution as per their performance becomes essential. Therefore, it is necessary to bridge a connection between end-users and wholesalers as both serve as the base of this business.MLM models are successful as the network expands rapidly while giving leeway for every member of the network to taste success. Now, let’s take a look at the types of multi-level marketing.

MLM models come in various types which make it easy for enterprises to expand the distribution of products or services by adopting one of its structures like matrix MLM plan, investment MLM plan, uni-level MLM plan, stair-step MLM plan, Australian binary plan, generation MLM plan, binary MLM Plan, broad plan MLM plan, etc. An enterprise must seek the service of a smart contract and cryptocurrency development company that holds expertise in developing both concepts.

Blockchain Smart Contracts and MLM

Smart contracts work according to blockchain’s characteristics like immutability, transparency, traceability, and efficiency to maintain anonymity in the transactions. Indeed, blockchain smart contracts enable business owners to review terms and conditions and customize them as per their enterprise needs. It is crucial to hire a blockchain and crypto development company that can make the system as descriptive as possible.

Powering MLM business with blockchain smart contracts eliminates the chances of the scamming of an MLM business. Also, the use of smart contracts empowers all types of MLM business plans. An MLM Platform powered by a smart contract solution excludes the involvement of all third-parties, establishes a peer to peer architecture, provides multiple payment gateways, eliminates malpractices, ensures strengthened data security, fast and secure transactions, effortless traceability, anonymity and transparency.

The transparency of MLM Plan & the blockchain

Make a donation, and earn from that donation. Well, once the system is integrated using blockchain then, the whole system will be transparent. The transparent nature makes sure of one important thing – Is the donation process completed or not?

Say, a request came up, and you made the donation but, you’re worried about various matters like the escrow value, the donation is accepted or not, whether the donation is done to the right person or not, etc. The limitations or the constraints got its solution, and the plan gets a “TRUST” sign. The business will also gain the required fuel to maximize its opportunities by building up an open network.

Why choose us for Blockchain Development?

Developers with Product Mindset

The Blockchain powered verification system developed in-house is getting introduced in the Aviation industry.

Experts with Research Mindset

ICO App Factory professionals have worked closely with some of the leading Crypto’s in the market to tokenize the content web.

Consultants with a Startup Mindset

Every Blockchain Developer is trained to coordinate closely with customer and ideate their solutions.

How it Works?

Refining Ideas

In this phase, the technology team also joins the conversation ( along with the Blockchain domain consultants ). The main Moto of this phase is to refine the entire requirement and make it crystal clear, so everyone are on the same page and everyone in the team understands the idea and deliverable very clear. All this will be added to the note.This note will be used by the Blockchain developers during the development phase to better understand your requirement.

Brain Storming

ICO App Factory Blockchain Consultants are equipped with the latest news and trends in the Technology world. They will brainstorm with you on your idea and create a detailed note. During this phase they will also put in maximum effort to add more value to your proposition and tweak the idea with your permission.

Code & Fix

In this phase Blockchain development happens in full phase. Each blockchain developer in the team coordinates very closely with you and assigned to the project to bring out each module flawlessly. ICO App Factory follow an agile methodology, where you can see the live results of each module being developed and give feedback. Fixes happen then and there.

Release

Once the Blockchain development phase is over, the UAT phase starts. The testing happens along with bug fixes and fine tuning. After every issue found is fixed and you give a sign off an overall polishing of the project happens. Finally your project is ready for launch. Our Blockchain developers will start deploying the project on live servers.

Applications of Blockchain Development Services:

Blockchain can support a wide range of applications. The most well known is cryptocurrency like Bitcoins. Blockchain-based applications include any business transaction that can include right from Business order tracking, Supply chain, Banking and Finance, E-learning, Healthcare, Online shopping portals, Insurance, Travel, Music, Renewable energy, Contract validation and so on.