Company Performance Metrics
ROSHAN CRASTO: TEAM LEAD - DEVELOPMENT- Shankar Naik: DIRECTOR
UAA wallet is a mobile wallet with both online/offline (not NFC, QR Code based) payment systems. The unique feature of this wallet is, a user can make mobile to mobile payment by validating the unique number. The Wallet can identify and communicate between the wallets nearby, facilitating payments / transfers “Without Need for
Internet".
The proposed wallet system named as “UAA Wallet” will try to increase the e-payments coverage by penetrating features of smart phones. This method connects the nearby users and ensures the payment completion without depending on the Internet/network connectivity.
USES OF THE INVENTION:
Bandwidth and Network not required to transfer/payment nearby places (Up-to 15 Meter Radius)
Cash cannot be Misplaced/Theft
Security- only I use it for purchases which I approve
Ease of use-Simple intuitive design- don't pain with lot of typing
Ease of loading fund to the wallet- UPI Integration
Items in a digital wallet are easily transferable from one wallet to another using unique number
Real time information when you need it and when it's relevant
Faster payments (Lesser than 15 seconds) & handling less Cash
Resolves change problem in cash transactions
