Ste Micro Project 1
Ste Micro Project 1
Collect the information of all the “ Payment method of phone-pay with its Working & Code. The Payment
method of phone-pay also include the methodology and various info. detail.
I searched the micro project topics related to subject. Then selected micro project title. After selection of topic
searched and collected information related to selected topic. Then completed proposal of micro project.PhonePe is
a mobile payment platform using which you can transfer money using UPI, recharge phone numbers, pay utility
bills, etc. There is no need to recharge the wallet, because the money will be directly debited from your bank
account at the click of a button in a safe and secure manner.
Resources Required
Name of Resource
Sr. /Material Specifications Qty. Remarks
No.
****************
A
PROJECT REPORT
ON
“Payment method of G - Pay”
SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR
THE AWARD OF
DIPLOMA IN
COMPUTER ENGINEERING
SUBMITTED TO
MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION,
MUMBAI
SUBMITTED BY
GUIDED BY
(Ms.Thorat S.K.)
CERTIFICATE
This is to certify that the project report entitled “Payment method of
phone G - Pay” Was successfully completed by Student of Fifth semester
Diploma in computer engineering.
ACKNOWLEDGMENT
This project is done as a Fifth semester project, as a part course titled “Payment method of phone-pay”
We are really thankful to our course the Principal Prof. Kapile A. S. and the HOD
Prof. Navale S.K Samarth Polytechnic, Belhe for his invaluable guidance and assistance, without which
the accomplishment of the task would have never been possible.
We also thank Ms. Thorat S.K.for giving this opportunity to explore into the real world
and realize the interrelation without which a Project can never progress. In our present
project we have chosen the topic- “Payment method of G-pay”
We are also thankful to parents, friend and all staff of Computer engineering department, for providing us
relevant information and necessary clarifications, and great support.
INDEX
Chapter 1 Synopsis 1
Chapter 3 Introduction 3
Chapter 10 Conclusion 18
CHAPTER 1
SYNOPSIS
None
Ms.
Thorat S.K
CHAPTER 2
ABSTRACT
Google Pay is a digital wallet and payment platform from Google. It enables users to pay for
transactions with Android devices in-store and on supported of phonepe over Paytm and
promoting the usage of Indian Developed application over foreign technologies and the reason
which are responsible for the ignorance of using phonepe. The sampling is random. The data for
this research paper is a primary source of information which iscollected during the months of
Nov-Dec 2019 and is analysed using various statistical tools such as probability analysis, simple
percentage analysis, averages. On the basis of the finding suitable suggestions will be given. The
paper also gives information about why Indian digital banking application should be preferred
over transoceanic technologies. Keywords: - Digital payments, Phonepe, Paytm, Indian payment
service The Mobile Payments OR digital payment applications are occupying a wider
competition in the area of electronic modes of payment, with phonepe and Paytm being the recent
addition.One of the important services provided by NPCI (NATIONAL PAYMRNT
CARPORATION OF INDIA) is to upgrade the UPI market share of digital payment companies.
Through Phonepe UPI app, you can send and receive money instantly using a VPA (or Virtual
Payment Address). This means you can also transfer money between any two bank accounts. You
can also pay directly from your bank account to both online and offline merchants. The best part:
You don’t need to enter credit or debit card details, a onetime password, your bank’s IFSC code
or any other details. Phonepe cash back is also limited to your Phonepe wallet only. It does not
get transferred to your bank account. Phonepe works on the Unified Payment Interface (UPI)
system and all you need is to feed in your bank account details and create a UPI ID
CHAPTER 3
INTRODUCTION
Firstly, we find the various topics related to Payment method of phone- pay. Then we
had finalized micro project title as “Payment method of phone- pe”. We search the
information about Payment method of phone-pe. Then we collect all the information related
to the types and limits and the steps at the level of phone-pe. Then we will learn about
Preparation of Action Plan, Implementation of the Planned Monitoring & Evaluation
activities to monitor progress and confirm results. Then we will analyze and finalized data
for the micro project report.
Phone pe is an Indian e-commerce payment system and digital wallet. It was founded
by Sameer Nigam, Rahul Chari and Burzin Engineer in 2015, headquartered at Bangalore.
Phone pe is the first payment app in India that is built on Unified payments interface. The
company was acquired by Flip kart in 2016 and it was rebranded as Phone Pe wallet. Within
3 months of launch, the app was downloaded by over 10 million users. In 2018, Phone Pe
also became the fastest Indian payment app to get a 50 million badge on the Google play
store. Phone Pe is an UPI-based App launched by e-commerce giant Flip kart, to provide a
cashless and a seamless payment experience. The Phone Pe app is based on the Unified
Payment Interface (UPI) platform. UPI payment system allows money transfer between any
two bank accounts by using a smartphone. UPI allows a customer to pay directly from a
bank account to different merchants, both online and offline. In UPA system to send money,
we don't need to give credit card details, IFSC code, net banking passwords etc.
While digital payments are safe and convenient, it is important to be aware of different types
of fraud and how fraudsters are constantly finding ways to dupe users of their hard-earned money.
Here are the latest types of frauds and what you need to do to transact safely:
Request Money Scam: Seamstress use fake links set up through fake websites with
appealing texts such as “Get scratch card” or “Win lottery”. Clicking on the link would
debit money from your account and credit it to the fraudster’s account. Therefore, never
click on unknown links without proper verification.
Cash back Fraud: Fraudsters contact users posing as representatives from a payment
app and tell them that they are eligible for a cash back. Fraudsters then send payment
requests to the user and ask them to click on ‘Pay’ and enter the UPI PIN. Always
remember you do not have to click on ‘Pay’ or enter your UPI PIN to receive money on
any other UPI app. You should always decline such requests.
Debit/Credit Card or Top-Up Fraud: In such scenarios, fraudsters call you claiming
to be representatives of your bank, the RBI, an e-commerce site, or even a lottery scheme.
They may ask you to share your 16 digit card number and CVV, and you receive an SMS
with an OTP. The fraudster calls you back and asks for this OTP for verification purpose
Advance Payment Scam: Fraudsters, in some cases, put up fake listings for items or
properties on sale or create fake shopping websites in order to ask for the payment in
advance. They collect the money and don’t deliver the promised item.
Investment Scam: Certain gambling apps or platforms that promise to deliver double
the money invested, initially provide returns to establish a fake sense of trust and once the
users invest large amounts of money, they shut the operations down and flee with the
money.
Fraud by Remote Access or Vishing: Senior citizens are found to be the common
targets in this type of fraudulent activity. Here, a fraudster calls up and asks the individual
to download a remote access app and provide access. This way, the fraudster will be able
to control the device and scam the person of his/her money.
CHAPTER 4
Name of
Sr. Resource Specifications Qty. Remarks
No.
/Material
Processor: Intel i7 3.00 GHz, used
RAM: 12GB
1 Computer SSD: 1TB 1
System Windows 10 64-bit Operating System
used
2 Browser Google Chrome 1
used
3 Text Editor Microsoft Word 2019 1
used
4 Printer HP LaserJet 1
1) Introduction
The Test Plan is designed to prescribe the scope, approach, resources, and schedule of
all testing activities of the project Travel Booking Site. The plan identifies the items to be
tested, the features to be tested, the types of testing to be performed, and the personnel
responsible for testing.
The purpose of this document is to create an application test plan for Travel Booking
Site. The presented study to test plan evaluates to testing this application. The purpose of
testing this program is to check the correct operation of its functionality and ease of use.
2) Featured to be tested:
1. Data Gathering
2. Identifying test requirement.
3. Collecting the test cases on Application
4. Gathering the information of testing types
By accessing the source code- Black Box, Beta Testing, Performance testing, Security testing
By degree of automation –manual
On the test object: Functional
Non-Functional According to the Requirement: Positive nigative
5) Environmental needs:
In windows 10 we will occur Following Travel Booking Site.
6) Schedule:
The Deadline for compilation of all works and delivery of the project is 24.12.2021
CHAPTER 6
Skill Developed/ Learning outcome of this Micro-Project
Leadership
Communication
skill Planning skill
Time Management
Risk Management
Negotiation skill
Team work
Advantages:
• Convenient way to pay. Paying for goods and services has never been more convenient
than with using a mobile payment system. ...
• Secure way to pay. Mobile payment apps allow you to use your cell phone to make in-store
purchases. ...
• Faster way to pay. ...
• More places to pay. ...
• Always able to pay.
Disadvantages:
• Security Risks
Output of microproject :
1.
2.
TC_9 To For 1.open the application Select Self Pass
select entering the
other other self -
occupat occupati -Employ employe
ion type on type ed typ e d
for typ
occupati e is
on type correct
TC_10 Enter applicati 1. open the application Pin code Pin code Pass
pin on 2. Click on Registration. should be is correct
code launch correct
number
CHAPTER 7
“Customers can use PhonePe app to pay your postpaid and utility bills. You can use Phonepe
app for the following:”
3. Send or request money from friends entering their number, name or VPA
Key Drivers
The exponential growth of the digital payment sector is driven by multiple factors including
1. Convenience to pay
to the IDC Financial Insights report titled The Future of Payments in India: More Spectacular
Growth Ahead. Another key driver of digital payments is positive policy framework changes
and government initiatives like launch of new payments systems like - UPI, Aadhar linked
electronic payments and improvement of the digital infrastructure.
According to Consumer Payments Insights survey, India is one of the top markets to adopt
mobile wallets. Mobile wallet transactions in India have increased with a CAGR of 120% in the
last 5 years and is expected to grow to 32 billion transactions by 2021. One of the biggest reasons
for increase in digital wallet usage in India is demonetisation. The digital wallet platforms saw
a major boost in traffic after the demonetisation of major denominations
PhonePe BusinessModel
Components of a Business Model
The main components of a business model are Capabilities, Customer Value Proposition, Market
Segments, Revenue Model & Growth Model. Below is the basic analysis of components of
Complementary capabilities and Imitability are two main factors to be considered for making money
from invention or discovery.
TEECE Model takes these factors into consideration and predicts the profitability aspect from
innovations.
PhonePe:
Complementary assets: Tightly held and important
Imitability: High
The services offered by PhonePe like mobile recharge, paying bills of telephone, electricity and gas
are highly imitable. In fact, Paytm too offers similar services.
CHAPTER 8
Digital wallets are virtual wallets that store user’s payment information. With the increase in
internet penetration and smartphone usage in India, digital wallets ecosystem has seen major
changes in the last 5 years. Features of digital wallets like security from theft compared to
traditional currency and the ability to make transactions throughout the day, attracted a lot of
consumers to use digital wallets. A lot of fin-tech companies emerged, changing the digital
landscape of financial transactions in India, forcing other major players in the banking sector
to invest in digital wallets. “ Mobile wallet providers can be broadly classified into two types
viz., banking entities and nonbanking entities. Banking entities include major banks like ICICI,
Axis etc., whereas nonbanking entities include platforms like PayTm, PhonePe etc., “ Digital
wallet market in fragmented and highly competitive with companies coming up with new and
innovative offers to attract more customers. The timeline of major events in digital wallet
ecosystem in India is as follows:” PhonePe: A Report COPYRIGHT © 2020 CENTRE FOR
DIGITAL ECONOMY, IIM RAIPUR ALL RIGHTS RESERVED 3 Source: cbinsights.com
According to Consumer Payments Insights survey, India is one o
The digital payments sector in India is facing tectonic shifts. Entities with divergent business
models, subject to diverse regulations, are competing for a pie in the market share. This report
takes a stock of the existing business models in the digital payments sectors and reviews the
applicable regulatory framework to such business models. The objective is to ascertain if level
playing field exists for the market players in the sector to compete efficiently. The report takes
a step further and analyses reasons for lack of level playing field in the sector, highlights
adverse impacts of such situation on consumer welfare. The report concludes with providing
specific recommendations to level the playing field for leveraging the potential of digital
payments in the sector
CHAPTER 9
The current revenue generation model of PhonePe is based on Commissions. The digital payment
system is expanding exponentially with more number of people preferring digital payment systems over
traditional methods. Also, there is high customer loyalty in this ecosystem. Hence the focus of the
Digital wallets is currently on gaining market share through which they can collect the consumer data
to analyze the buying behavior and patterns of their customers.
Business services – Phonepe can partner with businesses to provide them a platform for hassle
less transactions. PhonePe should develop an ecosystem for business services where they can
earn commissions from the transactions performed. PhonePe should target SME’s for
partnership and bring them aboard. PhonePe can also create a premium segment where they can
also include additional services like paying on credit to premium customers and charge premium
for registration and additional interest for the credit provided.
Applications of Micro-Project
To confirm that the phone pay application is error or bug free.
This project is used to find out the defect.
To provide guideline on another application.
CHAPTER 10
Conclusion
PhonePe is a payment app that encompasses different aspects as well. One can book flight tickets
through online travel apps without installing the other app or moving out of PhonePe App. This increases
the convenience of individuals. It is an all-in-one app. However, just like other payment apps, it also
comes with a maximum limit on the quantum of transactions that is possible through the app in 24 hours.
As you may not able to carry large transactions in a single day, it is important to note the maximum
amount that can be transferred through the PhonePe app.
ANNEXURE II
Cos addressed by the Micro Project :- 1..Identify SystemIdentificatin & designtestcases for
purpose order
management …………………………………………………………………………………
…………...
2Prepare test plan form identified mobile
Application .……………………………………………………………………………………………
…
3.Design test case for Google pay
method………………………………………………………………………………………………
4.………………………………………………………………………………………………
activity presentation
Ms.Thorat S.K