Micro-Project Proposal Micro Project for information about “Payment method of G- PAY” 1.0 Aims of the Micro-Project 1. The careful selection of the Payment method to be developed. ‘To get deep knowledge about Payment method of phone-pay . ‘The undertaking of payment methods between costumer and bank. Monitoring & Evaluation activities to monitor progress and confirm results 2.0 Course Outcomes Addressed a) Apply various software testing methods, b) Prepare test plan for an application ©) Test software for performance measures using automated testing tools. 3.0 Proposed Methodology 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 micto project. PhonePe is 1 mobile payment platform using which you can transfer money using UPI, recharge phone numbers, pay utility bills, ete. There is no need to recharge the wallet, because the money will be direetly debited from your bank account at the lick of a button in a safe and secure manner.4.0 Action Plan Sr.No] Planned Planned [Name of Responsibl . Start Date hdate [Team Members 1 _| Decide individual miro project Jbangar Sarthak Santosh 2 _| Search miero project topes related To |Bangar Sarthak Santosh subject. 3 _| Sclection of micro project title Jbangar Sarthak Santosh 4 | Search information related to selected JBangar Sarthak Santosh topic Collect information related to selected topic JBangar Sarthak Santosh 6 _ [Completion of miero project topie Proposal JBangar Sarthak Santosh 7 [Analyze collected data For micro Project JBangar Sarthak Santosh report. |Bangar Sarthak Santosh 8. _ | Finalize collected data For micro-Project seh Pealalearaais report 9 | Finalize Design & flow of Implementation JBangar Sarthak Santosh 10 | Flow of Implementation Jbangar Sarthak Santosh 11 | Implementation of report. JBangar Sarthak Santosh 12 [Report preparation JBangar Sarthak Santosh 13 _ [Finalization of report Jbangar Sarthak Santosh 14 |Submission of report JBangar Sarthak SantoshResources Required Name of Resource sr. | /Materi Qty. | Remarks No. Processor 3.00 GHZ,RAM 4 Computer System erea een 1 Used Operating System Windows 7 T Used Textedior Microsoft Word Hi Used Browser ‘Mozilla Firefox, Google Chrome : Used Printer HP Laser Tet T Used Other resource Internet Connection : Used ‘Names of Team Members with Roll Nos. 1, Bangar Sarthak Santosh (To be Approved by the con Roll No, 7A PROJECT REPORT ON “Payment method of G - Pay” SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF DIPLOMA IN COMPUTER ENGINEERING ie SUBMITTED TO MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION, MUMBAI SUBMITTED BY Name of Student Enrollment Number Bangar Sarthak Santosh 2009920106 GUIDED BY (Ms.Thorat S.K.)SAMARTH POLYTECHNIC, BELHE 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. Bangar Sarthak Santosh in partial fulfillment of the requirements for the award of the Diploma in Computer engineering and submitted to the Department of Computer of Samarth Polytechnic, Belhe work carried out during a period for the academic year 2022- 23 as per curriculum . Ms. Thorat S.K. Prof.Navale S.K Prof. Kapile A.S. (Subject Teacher) (H.0.D) (Principal)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” Weare also thankful to parents, friend and all staff of Computer engineering department, for providing us relevant information and necessary clarifications, and great support. Bangar Sarthak SantoshINDEX Sr.No. Name of Chapter Page No. Chapter 1 Synopsis 1 1.1 Project Title 1.2 Project Option 1.3 Internal Guide 1.4 Problem Statement Chapter 2 ‘Abstract 2 Chapier3 Introduction 3 Chapter ‘Actual Resources Used 6 Chapters Test Plan 7 Chapter 6 “Advantages and disadvantages ® Chapter? Uiility uses of PhonePe 13 Chapter 8 Digital Wallets in India 16 Chapter 9 Strategies to become profitable 17 Chapter 10 Conclusion 18Payment method of G-pay CHAPTER 1 SYNOPSIS 1.1 Project Title Payment method of G - pay 1.2 Project Option None 1.3 Internal Guide Ms. ‘Thorat S.K 1.4 Problem Statement Payment method of phone g - pay.Samarth Polytechnic, Belhe Page | Payment method of G-pay 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Samarth Polytechnic, Belhe Page 2 Payment method of G-pay CHAPTER 3 [TRODUCTION 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 lean 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 ete.Payment method of G-pay Samarth Polytechnic, Belhe While digital payments are safe and convenient, itis important to be aware of different types of fraud and how fraudsters are constantly finding ways to dupe users oftheir hard-earned money. Here are the latest types of frauds and what you need to do to transact safely’ ORequest 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, OCash 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, Oamily/Friend Impersonation: One of the latest fraud MOs is to impersonate probable victim's friend or family member by seting up a fake social media account. Once they've eretted the account, they DM the vietim requesting money for an emergency. You should, thus, always verify who you are communicating with especially when money is involved, ODebit/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Samarth Polytechnic, Belhe Page 4 Payment method of phone-pay fraud in the name of Part-time/WFH jobs: Since a considerable number of people are looking for part-time jobs these days, fraudsters ask to download apps or click on links of fake websites that dupe people of their money. Of late, people have been victimized by creating fake job offers for international migrants or requesting advance payment for fake VISA. OAdvance 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 Seam: 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. ORraud 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.Samarth Polytechnic, Belhe Page 5 CHAPTER 4 Actual Resources Used Name of Sr. | Resource Specifications Qty. [Remarks No. | (Material Processor: Intel i7 3.00 GHz, used RAM: 12GB i 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Samarth Polytechnic, Belhe Page 6 CHAPTER 5 Test Plan 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 . 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: l. Data Gathering 2. Identifying test requirement. 3. Collecting the test cases on Application 4. Gathering the information of testing types 3)Featured not to be tested: Cannot Test at Administrator. 4)Approach: OBy accessing the source code- Black Box, Beta Testing, Performance testing, Security testing Oy 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—_—_———— Samarth Polytechnic, Belhe Page 7 CHAPTER 6 Skill Developed/ Learning outcome of this Micro-Project OLeadership OCommunication skill Planning skill OTime Management ORisk Management ONegotiation skill OTeam 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 RisksO + Inconvenience For Some Customer0 + Too Many Alternatives To Choose FromOSamarth Polytechnic, Belhe Page 8 Output of microproject : [rest | Test Precondi | Steps Expected [Actual [Stat us case | Case —_| tion Result [Result ID Objecti ve! [rc-o1 | Check | Intemnetis 1. Cheek the network Internet internet [Pass That available ‘onnecti_feonneeti on internet mn must be jis connect available available ion is availabl e or not [TC-02 | Check | Applicati 1. Openchrome/ google —applicat —fapplicat [Pass whether | on should 2. Search for phone pay app jion should jon is applicat | be location website be (Opening ion available pening —_successf on chrome Successfully /google llySamarth Polytechnic, Belhe Page 9 [re-03 | Check | applicati 1. Open the application |Android Pass the on must {Android operati | should ispresent ng Junch lepresent system of applica tion [TC-04 | Enter | applicati 1 Open the application | Error Error Pass invalid | on 2. Click,keys mouse|should is phone | should rollover |be \displa numbe | launch display t y [rc-0s | Chee | Different 1 ‘open Phone [Phone [Pass k ways are the numbe number login available applicati Ir iscorrect page for on il customer 2. click savailabl | to on registration cor not Logi n in the applicat ion [rc-06 | Verify | Phone — | L.open the application Phone |Phone [Pass the number | 2.Click on number number phone | details | Registration. should _|isvalid numbe | are be rdetails | available Werified are availab le or not [rc-07 | Check | Occupati | 1.open the application (Occupat |Occupat [Pass other on ion type _jion type ‘occupa typ) ‘should _jiscorrect tion eis bbecorrect type | available‘tc_8 | To For 1. Open the application [Salaried [Salaried [Pass select | Enterin type type occupat | g should i ion type | occupat Ibecorrect ion type lcorreet Irc_9 | To For open the application [Select [Sei ass select | entering Ithe other | other fself occupat [Employ employe ion type edtype fd lor typ joccupati is lontype correct (rc_10| Enter | applicati | 1. open the application IPin code [Pin code Pass pin on 2. Click on Registration. _ should be jis correct, code | launch {correct number rc_11 | Enter | applicati | 1. open the application lvalid = [Full Pass valid | on 2. Click on Registration, _ full name is full launch name ‘orrect name Ishould be {correct (rC_12| Enter | applicati | 1. Open the application Email — | Email ID Pass email- | on 2. Click on view score {ID ID off launch Ishould be fis candida correct correct teSamarth Polytechnic, Belhe Page 1 rc_i3| Enter | For 1. open the [Date [Date Pass. date | Login | application2. ° applicati_ | 19/11/2002 f birth of birth | on page should be pirth of is -orrect - available is correct ec (TC_14| Click | applicati | 1. Open the application thoose \valid Pass other | on 2. Click on view score. valid ther optio | launch ther option is n ption _feorrect [rc_1s | Enter | applicati | 1.open the application IPan card [Pan card [Pass pan card | on 2.Click on view score Inumber [number is number | launch ‘should be [correct of {correct candied (rc_16 | Click | Login Open the application fapplicati [Pass view | page lon lon score i i ls is lopened —_ opened isuecessf lully (tC_17 | Check | Login | 1 Click on view score (Option is [Option is [Pass whethe | page lavailable opened rOTP is lsuccessf receive lully db y your mo.no or notSamarth Polytechnic, Belhe Page 11 CHAPTER7 Utility uses of PhonePe “Customers can use PhonePe app to pay your postpaid and utility bills. You can use Phonepe app for the following:” 1. Recharging prepaid mobile number 2. Recharge data card and DTH 3. Send or request money from friends entering their number, name or VPA 4, Split bills between people 5. Check the bank account balance 6. Scan QR codes to pay Key Drivers The exponential growth of the digital payment sector is driven by multiple factors including 1. Convenience to pay 2. The ever-growing smartphone paynetration 3. ise of non-banking payment institutions (payments bank, digital wallets, ete.), 4 Progressive regulatory policies 5.Increasing consumer readiness to the digital payment platform The convenience to pay along with the availability of lucrative offers, are two key factors that have been driving the growth of digital payments in India. This coupled with the increasing smartphone paynetration is proving to be a boon for digital payments sector. India, currently, has third largest internet user base in the world with 300 million users. 50 per cent of these users are connected to internet through mobile only. These 150 million mobile only internets users are playing a key role in the growth story of digital payments, The advent of next-generation payment systems like payment banks, digital wallets and Bharat QR, is fueling digital payments furthermore. It is projected that digital payments in India will supersede cash by 2022, according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 inereased 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Samarth Polytechnic, Belhe Page 14 PhonePe BusinessModel Components of a Business Model ‘The main components ofa business model are Capabilities, Customer Value Proposition, Market Segments, Reventic Model & Growth Model. Below isthe basic analysis of components of = PhonePe = Business: Retail + Commissions * Sustainability facilitates online outlets, online received from strategy: Focus transactions shopping the transactions ‘on Speed and which are secure platforms done and convenience and fast in * Individuals services * Aim: To create compared to provided, hence copan pitfarae traditional dependent on eee methods number of dighal footprint transactions made ‘Customer Value Market Segments Revenue Model Growth Model Proposition Analysis of Business Model using TEECE Framework 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 imitabe. In fact, Paytm too offers similar services.Samarth pollytecnical college belhe CHAPTER 8 1 Wallets in India: 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 jonal 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 0 About the Report 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 potent payments in the sectorSamarth Polytechnic, Belhe Page 16 Payment method of phone-pay CHAPTER 9 Strategies to become profitable ‘The current revenue sneration 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. PhonePe can adopt the following strategies to generate profi 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 eam commissions from the transactions performed. PhonePe should target SME'S for partnership and bring them aboard. PhonePe can also ereate a premium segment where they ean also include additional services like paying on credit to premium customers and charge premium for registration and additional interest forthe credit provided. Applications of Micro-Project OTo confirm that the phone pay application is error or bug free. OThis project is used to find out the defect, OTo provide guideline on another application.Samarth Polytechnic, Belhe Page 17 CHAPTER 10 Conclusion PhonePe is a payment app that encompasses different aspects as well. One ean 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 transaction: a single day, it is important to note the maximum amount that can be transferred through the PhonePe app.ANNEXURE II Evaluation Sheet for Micro Project, Academie Year -- 2022-23 Course := STE Name of Faculty :- Thorat $.K Course Code :- 22518 Title of Project := Payment method of g- pay Cos addressed by the Micro Project :- I.Jdentify Systemldentificatin & designtesteases for purpose order ‘management 2Prepare test plan form identified mobile Application 3.Design test case for Google pay method. 4. Semester = V Major Learning Outcomes achieved by students by doing the project Comments ‘suggestions about team work/leadership/inter-personal communication (if any) Marks out of 6 | Marks out of4 for for eae sformance | performance a Student Name per P ae in group in oral/ of 10 activity | presentation (scols) | (scols) 17 [Bangar Sarthak Santosh Ms.Thorat SK (Name & Signature of Faculty)