“ PAYMENT METHOD OF G-PAY”

S.H. JONDHALE POLYTECHNIC DOMBIVLI (W)

ACADEMIC YEAR 2024-2025

A PROJECT REPORT ON
“Payment method of G – PAY”
Submitted By
 Onkar khade (1565)
 Devendra pande(1562)
 Omkar thomare(1566)

Under the guidance of

Mrs. P.H. Bharambe

MAHARASHTRA STATE BOARD

OF TECHNICAL EDUCATION

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MAHARASHTRA STATE BOARD OF

TECHNICAL EDUCATION CERTIFICATE
This is to certify that mr.ONKAR KHADE{1565}, MR. DEVENDRA PANDE
{1562}, MR. OMKAR THOMARE {1566} of Fifth Semester of Diploma in
Computer Engineering of Institute S.H Jondhale (Code: 0044) has completed the
micro project satisfactorily in subject SOFTARE TESTING (Code- 22517) for the
Academic year 2024 to 2025 as prescribed in the curriculum.

Place: Dombivli Date: - ____\____\____

ENROLLMENT NO: 23110970254 SEAT NO: 111791

23110970251 111789
23110970255 111792

Subject Teacher Head of the Department Principal

Seal Of
Institute

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ACKNOWLEDGEMENT

We express our sincere thanks to head of our department and micro – project guide MRS.
P.H.bhamarmbe for their valuable advice and guidance.
We also express our gratitude and thanks to all our teachers and other faculty members of
department computer, S.H Jondhale polytechnic for their sincere cooperation in completing this
microproject on “PAYMENT METHOD OF G-PAY”

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DAILY DAIRY
Sr. Week Details of activity Planned Start date Planned Finish Responsible Team
No. date Members

1 1&2 Discussion and finalization of the

topic. 1\8\24 10\8\24 ONKAR
DEVENDRA
OMKAR

2 3 Preparation of the abstract 11\8\24 17\8\24 ONKAR

DEVENDRA
OMKAR
3 4
Literature review 18\8\24 24\8\24 ONKAR
DEVENDRA
OMKAR
4 5 Submission of micro project proposal
(Annexure I) 25\8\24 31\8\24
ONKAR
DEVENDRA
OMKAR
5 6 Collection of the information on the
topic. 1\9\24 7\9\24
ONKAR
DEVENDRA
OMKAR
6 7 Collection of all relevant content /
materials for the execution of the 8\9\24 14\9\24 ONKAR
project. DEVENDRA
OMKAR

7 8 Discussion and submission of outline

of the project. 15\9\24 21\9\24 ONKAR
DEVENDRA
OMKAR

Analysis/execution of collected
8 9 data/information and Preparation of
prototypes/drawings/charts/graphs/
tables/models/circuits/programs etc. 22\9\24 28\9\24 ONKAR
DEVENDRA
OMKAR
9 10 Compilation of contents of project

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29\9\24 5\10\24
ONKAR
DEVENDRA
OMKAR
10 11 Compilation of weekly progress
report 6\10\24 12\10\24
ONKAR
DEVENDRA
OMKAR
11 12 Preparation of the project report
(Annexure II) 13\10\24 19\10\24
ONKAR
DEVENDRA
OMKAR
12 13
Viva Voce / Delivery of presentation. 20\10\24 11\11\24
ONKAR
DEVENDRA
OMKAR

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Table contents

Sr. No. Topics Page No.

1 Rationale 11
2 Aim of Micro Project 11
3 Course Outcome Integrated 11
4 Actual Procedure Followed 11
5 Actual Resources Used 12
6 Outputs of the Micro-Projects 12
Skill Developed/Learning Outcome of this Micro
7 21
project

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CHAPTER 1
ABSTRACT
Google Pay is a digital wallet and payment platform from Google. It enables users to pay
for
transactions with Android devices in-store and on supported of phonepe over Paytm and
promoting the usage of Indian Developed application over foreign technologies and the
reason
which are responsible for the ignorance of using phonepe. The sampling is random. The
data for
this research paper is a primary source of information which iscollected during the
months of
Nov-Dec 2019 and is analysed using various statistical tools such as probability analysis,
simple
percentage analysis, averages. On the basis of the finding suitable suggestions will be
given. The
paper also gives information about why Indian digital banking application should be
preferred
over transoceanic technologies. Keywords: - Digital payments, Phonepe, Paytm, Indian
payment
service The Mobile Payments OR digital payment applications are occupying a wider
competition in the area of electronic modes of payment, with phonepe and Paytm being
the recent
addition.One of the important services provided by NPCI (NATIONAL PAYMRNT
CARPORATION OF INDIA) is to upgrade the UPI market share of digital payment
companies.
Through Phonepe UPI app, you can send and receive money instantly using a VPA (or
Virtual
Payment Address). This means you can also transfer money between any two bank
accounts. You
can also pay directly from your bank account to both online and offline merchants. The
best part:
You don’t need to enter credit or debit card details, a onetime password, your bank’s
IFSC code
or any other details. Phonepe cash back is also limited to your Phonepe wallet only. It
does not
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get transferred to your bank account. Phone pe works on the Unified Payment Interface
(UPI)
system and all you need is to feed in your bank account details and create a UPI ID
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Payment method of G-pay

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CHAPTER 2
INTRODUCTION

Firstly, we find the various topics related to Payment method of phone- pay. Then we
had finalized micro project title as “Payment method of phone- pe”. We search the
information about Payment method of phone-pe. Then we collect all the information
related
to the types and limits and the steps at the level of phone-pe. Then we will learn about
Preparation of Action Plan, Implementation of the Planned Monitoring & Evaluation
activities to monitor progress and confirm results. Then we will analyze and finalized
data
for the micro project report.
Phone pe is an Indian e-commerce payment system and digital wallet. It was founded
by Sameer Nigam, Rahul Chari and Burzin Engineer in 2015, headquartered at
Bangalore.
Phone pe is the first payment app in India that is built on Unified payments interface.
The
company was acquired by Flip kart in 2016 and it was rebranded as Phone Pe wallet.
Within
3 months of launch, the app was downloaded by over 10 million users. In 2018, Phone
Pe
also became the fastest Indian payment app to get a 50 million badge on the Google play
store. Phone Pe is an UPI-based App launched by e-commerce giant Flip kart, to provide
a
cashless and a seamless payment experience. The Phone Pe app is based on the Unified
Payment Interface (UPI) platform. UPI payment system allows money transfer between
any
two bank accounts by using a smartphone. UPI allows a customer to pay directly from a
bank account to different merchants, both online and offline. In UPA system to send
money,
we don't need to give credit card details, IFSC code, net banking passwords etc.
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Payment method of G-pay
Samarth Polytechnic, Belhe
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While digital payments are safe and convenient, it is important to be aware of different
types
of fraud and how fraudsters are constantly finding ways to dupe users of their hard-
earned money.
Here are the latest types of frauds and what you need to do to transact safely:
Request Money Scam: Seamstress use fake links set up through fake websites with
appealing texts such as “Get scratch card” or “Win lottery”. Clicking on the link would
debit money from your account and credit it to the fraudster’s account. Therefore, never
click on unknown links without proper verification.
Cash back Fraud: Fraudsters contact users posing as representatives from a payment
app and tell them that they are eligible for a cash back. Fraudsters then send payment
requests to the user and ask them to click on ‘Pay’ and enter the UPI PIN. Always
remember you do not have to click on ‘Pay’ or enter your UPI PIN to receive money on
any other UPI app. You should always decline such requests.
Family/Friend Impersonation: One of the latest fraud MOs is to impersonate
a probable victim’s friend or family member by setting up a fake social media account.
Once they’ve created
the account, they DM the victim requesting money for an emergency. You should, thus,
always verify who
you are communicating with especially when money is involved.
Debit/Credit Card or Top-Up Fraud: In such scenarios, fraudsters call you claiming
to be representatives of your bank, the RBI, an e-commerce site, or even a lottery
scheme.
They may ask you to share your 16 digit card number and CVV, and you receive an
SMS
with an OTP. The fraudster calls you back and asks for this OTP for verification purpose
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Payment method of phone-pay
Fraud in the name of Part-time/WFH jobs: Since a considerable number of people
are looking for part-time jobs these days, fraudsters ask to download apps or click on
links
of fake websites that dupe people of their money. Of late, people have been victimized
by
creating fake job offers for international migrants or requesting advance payment for

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fake
VISA.
Advance Payment Scam: Fraudsters, in some cases, put up fake listings for items or
properties on sale or create fake shopping websites in order to ask for the payment in
advance. They collect the money and don’t deliver the promised item.
Investment Scam: Certain gambling apps or platforms that promise to deliver double
the money invested, initially provide returns to establish a fake sense of trust and once
the
users invest large amounts of money, they shut the operations down and flee with the
money.
Fraud by Remote Access or Vishing: Senior citizens are found to be the common
targets in this type of fraudulent activity. Here, a fraudster calls up and asks the
individual
to download a remote access app and provide access. This way, the fraudster will be able
to control the device and scam the person of his/her money.
Format for Micro-Project Proposal
Online Feedback Syste

Resources Required:
Name of
Sr. No. resource / Specification Remarks
material
Computer Intel(R) Core
1 1
system (TM) i31450
CPU32 bit
operating
system

Operating Windows
2 1
System

Software Microsoft
3 1
Office - Excel
2007,
Word 2007

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CHAPTER 3 Test Plan

1) Introduction
The Test Plan is designed to prescribe the scope, approach, resources,
and schedule of
all testing activities of the project Travel Booking Site. The plan
identifies the items to be
tested, the features to be tested, the types of testing to be performed,
and the personnel
responsible for testing.
The purpose of this document is to create an application test plan for
Travel Booking
Site. The presented study to test plan evaluates to testing this
application. The purpose of
testing this program is to check the correct operation of its
functionality and ease of use.

2)Featured to be tested:
1. Data Gathering
2. Identifying test requirement.
3. Collecting the test cases on Application
4. Gathering the information of testing types
3)Featured not to be tested:
Cannot Test at Administrator.

4)Approach:
By accessing the source code- Black Box, Beta Testing, Performance
testing, Security testing
By degree of automation –manual
On the test object: Functional
Non-Functional According to the Requirement: Positive nigative

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5)Environmental needs:
In windows 10 we will occur Following Travel Booking Site.

6)Schedule:
The Deadline for compilation of all works and delivery of the project .

CHAPTER 4

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Skill Developed/ Learning outcome of this Micro-Project

Leadership
Communication
skill Planning skill
Time Management
Risk Management
Negotiation skill
Team work
Advantages:
• Convenient way to pay. Paying for goods and services has never
been more convenient
than with using a mobile payment system. ...
• Secure way to pay. Mobile payment apps allow you to use your cell
phone to make in-store
purchases. ...
• Faster way to pay. ...
• More places to pay. ...
• Always able to pay.
Disadvantages:
• Security Risks
• Inconvenience For Some Customer
• Too Many Alternatives To Choose From.

CHAPTER 5
Output of microproject :

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CHAPTER 6
Utility uses of PhonePe
“Customers can use PhonePe app to pay your postpaid and utility bills.
You can use Phonepe
app for the following:”
1. Recharging prepaid mobile number
2. Recharge data card and DTH
3. Send or request money from friends entering their number, name or
VPA
4. Split bills between people
5. Check the bank account balance
6. Scan QR codes to pay
Key Drivers
The exponential growth of the digital payment sector is driven by
multiple factors including
1. Convenience to pay
2. The ever-growing smartphone paynetration
3. Rise of non-banking payment institutions (payments bank, digital
wallets, etc.),
4.Progressive regulatory policies
5.Increasing consumer readiness to the digital payment platform
The convenience to pay along with the availability of lucrative offers,
are two key factors that
have been driving the growth of digital payments in India. This
coupled with the increasing
smartphone paynetration is proving to be a boon for digital payments
sector. India, currently, has
third largest internet user base in the world with 300 million users. 50
per cent of these users are
connected to internet through mobile only. These 150 million mobile
only internets users are
playing a key role in the growth story of digital payments. The advent
of next-generation

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payment systems like payment banks, digital wallets and Bharat QR, is
fueling digital payments
furthermore. It is projected that digital payments in India will
supersede cash by 2022, according to the IDC Financial Insights report
titled The Future of Payments in India: More Spectacular
Growth Ahead. Another key driver of digital payments is positive policy
framework changes
and government initiatives like launch of new payments systems like -
UPI, Aadhar linked
electronic payments and improvement of the digital infrastructure.
According to Consumer Payments Insights survey, India is one of the
top markets to adopt
mobile wallets. Mobile wallet transactions in India have increased with
a CAGR of 120% in the
last 5 years and is expected to grow to 32 billion transactions by 2021.
One of the biggest reasons
for increase in digital wallet usage in India is demonetisation. The
digital wallet platforms saw
a major boost in traffic after the demonetisation of major
denominations.

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Phone Pe Business Model

Components of a Business Model

The main components of a business model are Capabilities, Customer
Value Proposition, Market
Segments, Revenue Model & Growth Model. Below is the basic
analysis of components of
Analysis of Business Model using TEECE Framework
innovations.
Complementary capabilities and Imitability are two main factors to be
considered for making money
from invention or discovery.
TEECE Model takes these factors into consideration and predicts the
profitability aspect from
PhonePe:
Complementary assets: Tightly held and important
Imitability: High
The services offered by PhonePe like mobile recharge, paying bills of

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telephone, electricity and gas

are highly imitable. In fact, Paytm too offers similar services.

CHAPTER 7
Digital Wallets in India:

Digital wallets are virtual wallets that store user’s payment

information. With the increase in
internet penetration and smartphone usage in India, digital wallets
ecosystem has seen major
changes in the last 5 years. Features of digital wallets like security
from theft compared to
traditional currency and the ability to make transactions throughout
the day, attracted a lot of
consumers to use digital wallets. A lot of fin-tech companies emerged,
changing the digital
landscape of financial transactions in India, forcing other major players
in the banking sector
to invest in digital wallets. “ Mobile wallet providers can be broadly
classified into two types
viz., banking entities and nonbanking entities. Banking entities include
major banks like ICICI,
Axis etc., whereas nonbanking entities include platforms like PayTm,
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PhonePe etc., “ Digital

wallet market in fragmented and highly competitive with companies
coming up with new and
innovative offers to attract more customers. The timeline of major
events in digital wallet
ecosystem in India is as follows:” PhonePe: A Report COPYRIGHT ©
2020 CENTRE FOR
DIGITAL ECONOMY, IIM RAIPUR ALL RIGHTS RESERVED 3 Source:
cbinsights.com
According to Consumer Payments Insights survey, India is one o
About the Report
The digital payments sector in India is facing tectonic shifts. Entities
with divergent business
models, subject to diverse regulations, are competing for a pie in the
market share. This report
takes a stock of the existing business models in the digital payments
sectors and reviews the
applicable regulatory framework to such business models. The
objective is to ascertain if level
playing field exists for the market players in the sector to compete
efficiently. The report takes
a step further and analyses reasons for lack of level playing field in the
sector, highlights
adverse impacts of such situation on consumer welfare. The report
concludes with providing
specific recommendations to level the playing field for leveraging the
potential of digital
payments in the sector

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CHAPTER 9
Strategies to become profitable
The current revenue generation model of PhonePe is based on
Commissions. The digital payment
system is expanding exponentially with more number of people
preferring digital payment systems over
traditional methods. Also, there is high customer loyalty in this
ecosystem. Hence the focus of the
Digital wallets is currently on gaining market share through which they
can collect the consumer data
to analyze the buying behavior and patterns of their customers.
PhonePe can adopt the following strategies to generate profits:
Business services – Phonepe can partner with businesses to provide
them a platform for hassle
less transactions. PhonePe should develop an ecosystem for business
services where they can
earn commissions from the transactions performed. PhonePe should
target SME’s for
partnership and bring them aboard. PhonePe can also create a
premium segment where they can
also include additional services like paying on credit to premium
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customers and charge premium

for registration and additional interest for the credit provided.

Applications of Micro-Project
To confirm that the phone pay application is error or bug free.
This project is used to find out the defect.
To provide guideline on another application.

CHAPTER 10
Conclusion

PhonePe is a payment app that encompasses different aspects as well.

One can book flight tickets
through online travel apps without installing the other app or moving
out of PhonePe App. This increases
the convenience of individuals. It is an all-in-one app. However, just
like other payment apps, it also
comes with a maximum limit on the quantum of transactions that is
possible through the app in 24 hours.
As you may not able to carry large transactions in a single day, it is
important to note the maximum
amount that can be transferred through the PhonePe app.

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