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Success Story: Satna’s young man did wonders. Made your payment app, which is now special among small traders and common people. Learn the characteristics ..
Highlights
- Prince Mishra created a payment app called Payseven
- Payseven App earned 3000+ users and 1 crore in 7 months
- No additional fees in the app, cashback and security guarantee
This was behind making the app
Prince Mishra said, he worked in telecom and financial sector for about 20-25 years. Career started as a field officer. After this, he held important positions like Zonal Head in Vodafone and India One ATM. During this time he realized that there is no such platform for small traders and common customers who can give them necessary services without any additional charge. Payseven’s thinking is that small traders and common users should get essential services like fastag, mobile recharge, electricity bill, LIC premium without any platform fees with cashback.
The startup has been registered at the Satna Incubation Center. From here he got technical and commercial guidance. Apart from this, there is also a special feature called “City Service” in the app. With its help, any service professional can be called home for just ₹ 199. In other cities, the same service is available from ₹ 2000 to ₹ 2500. Payseven’s security is also its largest USP. There is no possibility of UPI fraud in this. Because, the transaction is wallet to wallet and every time the user gets cashback on transactions.
And Payseven going to be upgraded
Soon in this app, booking facility of more than 30 lakh hotels, ticket booking facility of all flights in India is going to start. All these features will be live in the next 15 days. Prince believes that even bigger thinking can begin from small cities. Payseven is a great example of this. His startup today is not just an app, but also a strong step towards digital empowerment for small traders.
