PRODUCTS & SERVICES

PaySHA Platform - It is a cloud based & blockchain integrated collaborative platform for universal payments incorporating Blockchain integrated tokenised digital QR (Quick Response) codes that represents customer's authority for payments. Such QR code could configured for any specific amount limit and / or for a specific merchant and / or for a specific time limit and for a specific registered account (that will be debited).

REVENUE MODEL

Our revenue model will be based on flat fees per transaction tiers for escrow and % fees per transaction on payment on delivery if escrow is not used.

TOP PROBLEM SOLVED

Currently Escrow based commercial transactions require the escrow accounts to be held by a 3rd party custodians who are normally banks or specialised financial institutions. This has led to many complexities for the buyers and sellers including the increased cost of doing businesses as well as delayed settlements of payments by the seller or the services providers. Also, when transactions are settled, the funds then need to go back to the seller or the service provider’s bank accounts for them to access the funds. Currently there is no platform for both the buyers and the sellers (or their agents) to collaborate on the contracts in a single platform while at the same time use the same platform for payments settlements. For Lay-By transactions (i.e. buy now, pay in instalments, deliver product once paid in full), most companies still use manual processes. Also, for cash on delivery type transactions, the sellers are not really protected enough as the buyer may return the delivery without any reason. Also, handling cash is a problem for both the buyers and the sellers. By using automated trigger driven smart contracts using blockchain technology where the trigger(s) are also agreed by the buyer and the seller in question in a cloud based collaborative platform using blockchain powered digital signatures, the end to end process becomes very simple & cost-effective. Also having the escrow account held in the name of the seller with the funds held & reserved in a cloud based & blockchain secured tokenized digital account using the same single platform, the seller can immediately get access to the account as soon as the trigger(s) occur. Funds can also be automatically or manually transferred to the seller's bank account using our patent pending PaySHATM near real-time Funds transfer mechanism.

INTELLECTUAL PROPERTY

Patent(s) Filed

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

KEY DIFFERENTIATORS

By using automated trigger driven smart contracts using blockchain technology where the trigger(s) are also agreed by the buyer and the seller in question in a cloud based collaborative platform using blockchain powered digital signatures, the end to end Escrow processes become very simple & cost-effective. Also having the escrow account held in the name of the seller with the funds held & reserved in a cloud based & blockchain secured tokenized digital account using the same single platform, the seller can immediately get access to the account as soon as the trigger(s) occur. Funds can also be automatically or manually transferred to the seller's bank account using our patent pending PaySHATM near real-time Funds transfer mechanism.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Back Office

Customer facing

Other

STRATEGIC CLIENTS AND PARTNERSHIP

United Commercial Bank, Bangladesh : Contract Signed