Payjo’s Bot will Recharge Phones

The Economic Times - - Disruption: Startups & Tech - Shash­wati.Shankar @times­group.com

Ben­galuru: Fin­tech pay­ments startup Payjo has launched its prod­uct Recharge Bot, an ap­pli­ca­tion vir­tu­al­i­sa­tion plat­form for recharg­ing pre­paid phone ac­counts through Face­book mes­sen­ger, the prod­uct has seen up to 2,000 users since its launch over 48 hours ago.

The ap­pli­ca­tion does not need to be down­loaded as a sep­a­rate app but is eas­ily avail­able if one searches for Recharge Bot on Face­book. In few days, the app plans to in­te­grate its bot with sev­eral mes­sag­ing plat­forms, in­clud­ing What­sApp which will open its bot APIs for in­te­gra­tion. Right now they have part­nered with Air­tel and Voda­fone, Idea and Do­como are the next mo­bile car­ri­ers to come on board. “The num­ber of in­di­vid­u­als who recharge their phones mul­ti­ple times a month is very high. Once your num­ber is reg­is­tered you can just send the bot a mes­sage for recharg­ing your phone within min­utes,” said Srini­vas Njay, co­founder of Payjo. The startup has part­nered with In­sta­mojo and PayU as their pay­ment gate­way part­ners.

By next week, Recharge Bot will be in­tro­duced in 14 In­dian lan­guages, this move is aimed at tap­ping over 400-mil­lion smart­phone users that are com­ing on­line, largely from tierII and III cities. The startup claims to have part­nered with se­lect NBFC’s and banks, the names of which they did not dis­close, and are cur­rently work­ing on in­te­grat­ing a Uni­fied Pay­ment In­ter­face (UPI) based sys­tem into their prod­uct, en­sur­ing the end user only has to click on a link, type a 4 digit code to com­plete the pay­ment process.

Ac­cord­ing to Njay, this is just their first user case and even­tu­ally the com­pany aims to col­late all on­line util­ity bills on one plat­form.

“We will in­te­grate all bill pay­ments rang­ing from phone to in­ter­net, credit card, elec­tric­ity bill, and even bills like school fees among oth­ers will be col­lated into a sin­gle pay­ment in­stead of need­ing to make mul­ti­ple pay­ments,” added Njay.

Ap­pli­ca­tion does not need to be down­loaded as a sep­a­rate app

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