Introduction
Creating a reliable mode of utility bill settlement for the 21st century is very much something that blockchain technology has enabled. Nowhere is this potential disruption more prevalent than in developing economic nations, where reliable business services can be disrupted or subject to inconvenience and even fraud.
The Payportal Platform solves this very problem, creating a connection between Indian service providers and customers, utilising a public wallet linked to the mobile phone number of the owner. Retailers benefit from the symbiotic ecosystem as they can satisfy requests by customers to make bill payments in an easy, accessible and, above all, secure way. Utilising the advent and increased adoption of portable technology, such as mobile phones, means that the public can take advantage of and access the emerging 21st economic blockchain developments.
What is Payportal?
Payportal Services Private Limited (Payportal) is a privately-owned company established in 2011, under the jurisdiction and laws of India. Payportal creates a network between customers and service providers, processing online recharges, bill payments and domestic money transfers – all via a secure Payportal wallet. The company currently manages 80 distributors, and 2,300 retailers, processing 500 million rupees in payments in 2017 between banks, mobile and digital TV operators, utility companies and their customers.
Consisting of a team with over 20 people, Payportal is currently located in Delhi, India.
By issuing the PPTL token, Payportal will be developing a native asset to facilitate their cross-border payment feature and overall platform ecosystem. Distributors will buy tokens in the OTC market to participate in the business ecosystem, and users will pay fees in PPTL. Part of the PPTL token fundraising effort will be used toward their ambitious business plans – including; acquiring new customers, expanding business operations within Delhi and NCR, pursue new licensing deals, and continue to develop their Wallet and ecosystem.
Token
A key objective for Payportal is to raise sufficient capital to execute the company plans. The strong cash position will give the company a clear runaway to acquire new customers, expand within the current area of Delhi and NCR and other geographic markets (Maharashtra, Rajasthan, etc.), pursue new licensing deals, develop new technologies, expand our development resources and continue adding significant innovations to Payportal wallet technology. The PPTL Token (PPTL) is an ERC20 UTILITY token and aims to provide the development of the Payportal platform. PPTL can also be seen as a loyalty token allowing investors to show their affiliation with and support of the project. It does not represent equity.
PPTL Token Details
Ticker (Token Type): PPTL (ERC-20)
Pre-ICO Round Dates: 21st May – 17th June (30% bonus)
ICO Price: 1 PPTL = 0,002 ETH (Min. investment = 0.1ETH)
Public ICO Dates: 18th June – 15th July (20% – 10% – 0% bonus in weekly increments)
Accepting: ETH, BTC and Fiat
Softcap: 3,000 ETH
Hardcap: 24,000 ETH
Total Tokens (Available for Token Sale%): 20,000,000 (72.5%)
Whitelist: N/A
Restricted: N/A
Benefits
The potential for increased profit over time and growing demand from retailers and distributors as a result of the redemption of loyalty bonuses, fees, cross-border money transfers provides the basis for potential value appreciation over time. Provision of additional services based on the PPTL coins to retailers and online wallet users will increase its total demand.Payportal expects that PPTL coins will be exchangeable for fiat currencies and other cryptocurrencies.
Roadmap
The team at Payportal embarked on the most recent update of their roadmap this Q2, and have consistently hit targets previously. Below is a snapshot of previous, current and future milestones.
Q2 2018
Finalise integration with BBPS (Bharat Bill Pay System). Services will expand to process all utility bills that are issued by Indian countries nationwide. Customers using the system will be able to access their bills through the Payportal platform, and service bills online or through the retailer.
Q2 2018
Release a revised version of the Android and IOS applications with DMT (domestic money transfer). DMT service will be available upon deployment of the web-based solutions platform, and will be extended to smart phone apps. Primary objectives include increasing the number of wallet users.
Q3 2018
Propagate and increase sales revenue in Delhi, by promoting the new BBPS (Baharat Bill Pay System) for utility services such as; gas, electricity and water. Target the biggest distributors and retailers in the market, cultivating new leads for distribution.
Q4 2018 (future)
Create and distribute a targeted advertising campaign for the Payportal wallet – utilising online marketing tools to attract new customers to the online wallet. Once completed, embark upon developing proprietary blockchain, tailored to the Payportal ecosystem. Focus will be on decentralisation of data, cross-border money transfer services and fees.
Q1 2019 (future)
Focused geographical expansion campaign into surrounding areas – Faridabad, Ghaziabad and Noida. Expand sales team, cultivate new relationships with distributors and retailers in new geographical regions, promoting the Payportal platform.
Q2 2019 (future)
Develop and implement a loyalty program amongst distributors and retailers, with the aim of motivating the signed retailers to increase their sales revenue. Encourage distributors to improve quality of service, in turn increasing the number of new retailers. Payportal will introduce specific services to be used by both business parties within the loyalty scheme.
Q4 2019 (future)
Further positive geographical expansion to the 3 largest Indian cities and surrounding areas – Mumbai, Bangalore, Pune and Jaipur. Registration of new office sites, continued network development of retailers and distributors, marketing of the Payportal services. Finally, creating a co-branded payment product with banking partners.
Team
The team responsible for the development of the Payportal services and marketplace are experiences and professional. Lead members include Alexandr Shishlov (Director and co-founder) – an experienced business professional within the fields of Project Management, Payment Systems and Consulting Services, previously the head of Payment Systems Development at the Kazakhstan Interbank Settlement centre of the National Bank of RK.
Alok Yadav (Director) – a senior and accomplished professional, with a career including experience within Education, Telecom’s, Services, Operations and Customer Services. Alok has held the position of director at Payportal for over 6 years.
Yadhvendra Singh (Head of Business), Pavel Bannikov (Head of Research and Development), and Timur Abdulkarimov (Head of Analytics) – possess over 30 years of competitive and professional experience within the banking sector, sales and lead management.
Importantly, key advisors within Payportal bring further industry pedigree and experience. They include Simon Cocking – Editor in Chief at Irish Tech News, Daniel Heller – Digital currency and Distributed Ledger Technology Economist and visiting scholar of Economics at Stanford University, Irina Travina– Director-General at SoftLab NSK, and Michael Bryant – CEO of Blockchain Ventures International and seasoned advisor within other international blockchain projects.
Risks
Purchase of PPTL tokens involves some degree of risk. You should consider carefully the risks described below, together with all of the other information contained in this Website, before making a decision to purchase. The following risks entail circumstances under which, Payportal business, financial condition, results of operations and prospects could suffer.
Financial and operating risks confronting financial and technology companies may be significant. The financial and payment processing industries are highly competitive and the percentage of companies that survive and prosper may be limited. Unexpected problems in the areas of product development, marketing, financing and general management, among others, that cannot be solved may arise.
For more Information,Please see the Link Bellow :
WEBSITE: https://ico.payportal.in/
WHITEPAPER: https://ico.payportal.in/docs/White_paper_Payportal.pdf
TELEGRAM: https://t.me/PPTLchat
FACEBOOK: https://www.facebook.com/PayPortalOfficial/
TWITTER: https://twitter.com/PayPortal_India
ANN THREAD: https://bitcointalk.org/index.php?topic=3285962
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mode of utility bill settlement
adoption of portable technology