Online Recharge On-Demand Solution like Paytm

Now, cash, debit card, credit card, or cheque are not used to buy any online product, due to the long procedure. The whole payment method has shifted to mobile payment. Paytm is the most popular recharge and payment method. Now, doing any mobile payment or recharge is just a few seconds away.

The Paytm-like Recharge solution has killed the need of adding a card number, PINs all the time while making a payment. Just download the mobile payment, add the personal and bank details once, your mobile payment is ready.

Must have a component to build Paytm like App

To build anything, a certain procedure is to be followed. Here are the steps to build a successful recharge solution like Paytm.

Booking Payment Portal

The first step to start your mobile recharge company like Paytm is that the company should be legally registered as a Private Limited Company. There are many other options available in the market to register your Paytm recharge business as a legal entity. Payment portals come under the service provider and should be registered under GST.

To initiate a Mobile Recharge business journey, one has to register the domain name, and prefer to register it under .com, in, co. in due to the popularity and security. These domains also affect the ranking of your domain on Search Engines.

After registration gets the trademark for the company name, so no other can use the same name due to popularity. There are many options available in the market to register your domain name.

API and Payment Option

For recharge purposes, a Mobile Recharge API will be required. There are numerous API provider agencies out there and they will help you to integrate payment methods. API services hosts like Jio, Airtel, Vodafone will provide you the API to operate multiple payment methods on the website.

Hire Web Developer

Find an experienced web developer like RGInfotech, who can easily integrate API, Recharge Script, etc. The experienced developers will also guide you about on-demand solutions like Paytm. Their experience will help them to assist you in building a reliable recharge solution.

Application design and Platform Selection

The application design is responsible for holding the interest of a user on any platform. The UI affects the UX. Your user should be emotionally connected to your application to be a long-time customer. Convenience your user that your application is safe and quick to use. Provide your users a unique selling point that can hook them on your service to use it for the longest time.

Building payment apps demands different designs and strategies. Building an app for the Android platform requires more code and it works quite slow compared to iOS. While building an app for Android Operating System, you need to consider multiple devices and more devices will lead to more expenses. Whereas in an Apple Operating System, there will be a lot of restrictions for the sake of security.

If you have a big budget, you can go for multiple platforms, the more the platform is the more the reach will be.

In-App Wallet

Payment on-demand solutions like Paytm are incomplete without Mobile Wallet. It is better to eliminate the process of adding money by introducing a mobile wallet. It is quite costly and time-consuming, but with proper planning, wallet integration in the application can be done.

DSS Verification

For every payment business/gateway the Payment Industry Data Security Standard is required. It is a policy set and system to operate the payment cards like credit, debit for security purposes.

Registration of User

The user registration process should be simple and quick. Suggest them the recharge packages as per their history.

Why Paytm likes On-Demand Recharge Solution?

Here are the benefits of On-Demand Recharge Solution like Paytm:

• Recharge Instantly - Install the app and recharge bills and phones in a few seconds.
• Multiple Payment Options - The On-demand recharge solution like Paytm offers multiple options like a credit card, debit card, use of the mobile wallet, UPI, and Internet banking.
• Recharge Amount - There is no limitation on the recharge amount. Users can either choose from given operating plans or can enter the specific amount as per requirement.
• Ease for new contacts - Paytm-like on-demand recharge solution offers the liberty of choosing contact directly from the list instead of adding manually.

Conclusion

From paying bills to recharging mobile phones, tv, etc, everything has gone digital now. Paytm is the most promising and leading recharge application in India. If you are looking forward to starting your own recharge business, a Paytm- like solution is the key to becoming successful. You can buy the best Paytm-like on-demand solution from RG Infotech. Along with selling the on-demand recharge solution, they will assist you for regular development of the application. One solution for all your needs.