Prepaid Payment Instrument (PPI) an alternative for the cash transactions
Founded in:
2017
Hiring:
No
International:
Not yet
Looking for
Advisors
Co-founders
Corporate partnerships
Funding
Mentors
Partnership opportunities
Overview
Industry
Stage
Focus
Type
Team
Funding
Financial Services / FinTech
Tech Startup
Internet of Things (IoT)
Idea
B2B
B2G
Internet of Things (IoT)
Mobile App
Products
SaaS
Services
3-5
None
Industry:
Financial Services / FinTech
Tech Startup
Internet of Things (IoT)
Stage:
Idea
Focus:
B2B
B2G
Type:
Internet of Things (IoT)
Mobile App
Products
SaaS
Services
Team:
3-5
Funding:
None
Here at YouVA, we are presenting a path breaking solution to overcome the dependencies like – Smartphone and internet connectivity. We are introducing an active Prepaid Payment Instrument (PPI) an alternative for the cash transactions.
In YouVA, we have a low-cost NFC (Near Field Communication) based hardware wallet for payment and claiming. All the transaction made using PPI’s will be completely offline. The ledger of every transaction is managed in the hardware wallet itself. The ledger management of transaction is based on Blockchain Technology. It is a small sized wallet, same as credit or debit card size with thickness of 3-5mm.
The user can access registered bank account through a secure web interface via MicroATM (part of YouVA Payment System) or Smartphone (using Bluetooth), for managing their transactions, invoices and claims on the internet.