Hello, tell us about the project.
Payportal Services Private Limited (hereinafter referred to as Payportal) is a privatelyowned
company that has been established in 2011 under the laws of India by international experts
who have been in the payment services industry since 1996.
The Payportal establishes relations between service providers and their customers by
processing on-line recharges, bill payments and domestic money transfers in the most secure and
convenient way through a Payportal wallet.
The business area of our Company is Delhi where we successfully manage 80 distributors
and 2300 retailers. The Payportal team has grown to over 20 people with the most in sales. During
2017 Payportal has processed around 500 million rupees in payments that was 45% higher
comparing to 2016.
Tell us about the Business model
In general Payportal establish relationships with various mobile, DTH, utility operators, banks and manages connections for receiving and processing on-line recharges, bill payments and domestic money transfers to customers bank accounts from the market.
Payportal has appointed its distributors in various part of Delhi. Distributors in their turn deal with their retailers appointed independently or by Payportal in the designated area.
Distributors and retailers mostly represent different shops that can be found on almost every busy street in India. They sell electronic gadgets, mobile phones and all kinds of mobile phone accessories such as mobile cases, flip covers, earphones, etc.
Both distributors and retailers are involved into provision of customer service like mobile and DTH recharges, utility bill payments, domestic money transfers through Payportal platform.
Surely, the Payportal is watching Indian society had benefited from low internet tariffs and affordable smart phones, and introduced Android and IOS mobile applications for increasing on-line customers. Development of this market segment is our priority.