AugusPay : A UPI Payment Service With Decentralised System
Mentor-Ms Swati Malik
Achint : 00296302720
Kuldeep :02296302720
Yogesh: 047966302720
American Journal of Industrial and Business Management, 7, 1174-1191. In this we studied about the Payment Service players and how the payment is done through one user’s bank account toward the receiver’s bank account but we are trying to make it decentralised. Which help for small vendor to save their money in the form of commission and to generate the qr code which is related to VPA w.r.t to bank for E.g. :- HDFC bank 6464646XX@hdfcbank.com
Through this a user can send money from one bank to another without using the Payment Service Players
Our Team is working on making this project for the ecommerce vendors. In this a user send its file through I/O and receive all Qr code
This is a simple thing that we are creating in this promotion can be done with the help of the qr code.
Payment done btw user and merchant. Remove the commission btw the merchant and PSP.
Security and encryption of data is involved here
No server issue of the payment service apps
No payment service players are used
Payment is secure btw the user and the receiver