Payportal

PAYPORTAL is a processing platform which creates relations between service providers  and their customers by processing on-line charges, bill payments  and domestic money transfers in the most secure and convenient manner

PROS:

• Faster transactions: The use of the platform enables the user to make easy and faster transactions  within a few seconds, making it easy to search transaction history,accessing electronic news  desk which increases the numbers of  customers and provides a quality service
• User-friendly: The users take a few seconds to set up  a wallet which enables them to enjoy a variety of services within the wallet  i.e. net banking, wire transfer hence improving the service delivery
• The platform is easily accessible to  all smart phone users as its well developed mobile application supported by Android and IOS is readily available in Play store and Google Play where the users can install in their smart phones to enjoy the platform services
• Security: The platform ensures that the users data is fully protected  and  the two- factor authentication ensures that the customers are exactly the persons who own the wallets hence preventing any possible losses due to hacking
• The use of PPTL token  enables the users easily  access the platform services as it exchangeable with fiat and other crypto currencies  making the project to be used across the globe
• The involved team has a good and related experience and skills led by the CEO  Alexander Shishlov who has managed different payment systems
• The platform white paper clearly highlights the need for the project in improving the quality of services to the customers through the portal wallets promoting its use.

CONS:

• The Payportal token doesn’t entitle the users to any equity, governance, voting or control over the management of the platform
• The newly adopted regulations and policies may adversely affect the development of the PPTL coins
• The management team involved are fewer

SUGGESTIONS:

• The token holders should be given more powers and control the platform decisions and entitled to profit share of the project
• More management team members should be involved in the platform

NOTE:

The platform enables the customers to easily access various quality services through the pay portal wallet hence eliminating the exploitative services from the retailers which are expensive. This makes the project viable promoting me to invest in it.

The aims of this ICO are relatively modest for an outfit which has already won a local network of customers. Raised funds will primarily be used to replicate the model in other Indian cities in an ambitious, but by no means unachievable, expansion plan.

The case for a blockchain-based solution in their business modelling is not compelling. However, blockchain tech could allow for international transactions and access to the enormous remittances market. There is considerable competition for this space, though perhaps going local and recruiting recipient users in a particular place, in this case Delhi (which, after all, has a population of 20 million people) is enough of a differentiator to capture a market niche.

Payportal’s marketing materials are light on technological details, so there are no assurances that this kind of solution could not be introduced by multiple competitors. However, Payportal already has a market presence and a working product which fulfils a consumer need. Its network of retailers and distributors will be vital in embedding the use of its new services and securing its market position.