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Self Finance Post Paid Payment Model.
Abstract: Abstract In recent years, self-finance postpaid payment models have emerged as a novel approach to financial transactions, particularly in the realm of subscription-based services and utility payments. Self – finance post-paid Payment model is a unique model which is being facilitate the users who are using payment platform like Paytm, Google Pay, Amazon Pay, MobikWik Wallet and any other payment Apps. Some of these Apps are offering Post Paid payment Facilities with Certain Limit Subjected to Interest and Convenience Fees and User charges. This Self – finance post - paid Payment model is a unique platform which can be use on any mobile banking app with existing Bank account and without paying any interest and Convivence Fee or User Fee to any third party or service provider and its same Interest can be used for the own wallet or account for increasing the limit.
Notices, Deadlines & Correspondence
Patent Information
Applicants
NIRAJ KUMAR
KPR COLLEGE OF ARTS SCIENCE AND RESEARCH, COIMBATORE
Inventors
1. Dr. G. Vengatesan
2. Dr.S.Srividhya.
3. Dr.S.R.Lavanya
4. Dr. S.P. Vinayak.
5. Mr. Anshad N.T.
Specification
Description:In the non-self-financing postpaid model, the service provider takes on the upfront costs of providing the services or products, and then recoups those costs by billing the customers for their usage. This model allows customers to access services without having to pay upfront, which can lead to increased adoption and usage of the services, without having a risk of failure in repayment and it will also not affect individual CIBIL Score. , C , Claims:Claims
1. This Model can be use on any mobile banking application or E-wallet service platforms.
2. Flexibility in opting Rate of interest.
Documents
Application Documents
| # | Name | Date |
|---|---|---|
| 1 | 202431029959-FORM 1 [13-04-2024(online)].pdf | 2024-04-13 |
| 2 | 202431029959-FIGURE OF ABSTRACT [13-04-2024(online)].pdf | 2024-04-13 |
| 3 | 202431029959-DRAWINGS [13-04-2024(online)].pdf | 2024-04-13 |
| 4 | 202431029959-COMPLETE SPECIFICATION [13-04-2024(online)].pdf | 2024-04-13 |
| 5 | 202431029959-FORM-9 [26-04-2024(online)].pdf | 2024-04-26 |