About Payportal Services Private Limited
Payportal Services Private Limited (“Payportal”) is a privately owned business that provides online recharges, bill payments, and local money transfer services. A group of international professionals who have worked in the payment services sector since 1996 started the company in 2011. The firm works under the Indian laws.
Payportal operates in Delhi where it deals with 80 distributors and 2300 retailers. The company’s services are accessible through websites and mobile phone apps. The increasing popularity of smartphone and Internet use in the country has fueled the expansion of this company. In 2017, the firm processed transactions worth around 500 million rupees, which was a 45% increase from the previous year.
Token Symbol: PPTL
Token Type: ERC20
Token Start Date: 21st May 2018
Token End Date: 15th July 2018
Price: 1 PPTL = 0.002 ETH
How Payportal Works
Payportal has a platform that connects different service providers in India like banks, mobile companies, digital TV dealers, and service firms with the society using a WALLET. Given that the wallet number and the mobile phone number of the owner are linked, retailers serve their customers in an easy and secure way. The platform is accessible through the website or mobile applications available at App Store and Google Play.
How Payportal Makes Money
The various mobile and television service providers, banks, and other partners pay a commission to the company. A portion of this commission is shared with distributors and retailers. Retailers and sometimes on-line clients are charged monthly fees and transaction-based charges.
For the company to experience financial growth, the same must be observed in the number of service providers such as TV operators, retailers, and on-line clients lead. Expansion in different parts of the country is also crucial in enhancing the growth of the company.
Payportal’s move will revolutionize the payment services industry in India. The platform will enhance timely access to the various payment services in the country.
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