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Introducing My Idea For Cash-Free Payments through Mobile Phones

DODO PAY

bpsundar@gmail.com


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Let us say you are shopping at Globus and about to pay for your purchases.


At the billing point the person enquires, “Do you prefer to pay by cash?” To which you reply, “Cash has gone extinct just like the Dodo bird” The cashier girl smiles and proceeds to complete the transaction through DODO PAY.


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Take out your mobile and open the DODO PAY App.


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Press “PAY”. DODO PAY gets ready to scan a QRCode generated by the cashier girl.


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Next you are requested to authenticate the transaction.


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Complete the transaction by entering your pin number.


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Receive confirmation. And if desired tag for reference or exit.


Now let us see the same transaction from the point of the cashier girl. She opens the App either on her desktop or on her mobile and clicks “Receive”


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Enter the transaction amount.


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Generate QRCode.


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The payer scans the code and completes the transaction.


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Let us now go through the administrative details. When the App is set up for the first time, it will request you to provide with your bank details.


This initial set up is only complete after DODO PAY checks whether this is your registered mobile number, with the bank. And registers the use of this App with your account by linking a Unique App Identifier (UAI) with your banking account.

Now you are all set to go.

Welcome to the Future.


Advantages of using DODO PAY ●

TECHNOLOGICAL IMPERATIVE -An idea in the philosophy of technology stating that once a technology is introduced into a culture that what follows is inevitable development of that technology. This development occurs not because it is of determinism but because we are able to pursue it and it seems like the right thing to do. (Wikipedia) In short – Technology wants this to happen.


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A convinient way to transact. - The only typing you do is, entering your PIN number. Other details like the name of the merchant and the amount is obtained from the QRCode. No wallet, No cash, No Credit cards.


Also vey secure. - All transactions are made possible only after you key in your PIN number. Even if you loose your phone, transaction will fail without knowing the PIN number. - Also as each App has an UAI, you can disable or de-link from your banking account. - Multiple Apps can be used at different Points-of-Sale for the same bank account. You can also authorise the App to only “RECEIVE”. - Your account details and payment history are not stored locally in the phone.


DoDoPay  

My idea for cashless payments through mobile phones.

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