Founded in 2009, We at Magneto work with passion to bring your ideas to life and create stunning applications for start-up and corporate. We mainly focus on eCommerce, Mobile Application, Customize Web Application, Digital Marketing, SEO Service, IOT, Chatbot. We understand ...
Founded in 2009, We at Magneto work with passion to bring your ideas to life and create stunning applications for start-up and corporate. We mainly focus on eCommerce, Mobile Application, Customize Web Application, Digital Marketing, SEO Service, IOT, Chatbot. We understand professional service as an opportunity to walk on the path of values. Every day is a fresh challenge to adhere to our essential milestone principles. From our very beginning in 2009, we have been pursuing a set of values as definitive guidelines for providing quality service.
We create apps that make people smile without knowing it.
We want to do the best work of our careers.
We chase our vision, not fame and fortune.
First Line Innovators
We believe in innovation and bettering ourselves.
We care about customers and those using our apps.
We observe, listen, and analyze first to make informed decisions.
We have a high level of ownership and accountability.
Stay open in all communications without red-tapism.
Bayzat is a digital wallet that can be used to pay someone who you know. As in this new digital era people are not always carrying cash they feel comfortable to go cashless because some time people are not having exact amount to pay or the vendor is not having the change. Pe...
Bayzat is a digital wallet that can be used to pay someone who you know. As in this new digital era people are not always carrying cash they feel comfortable to go cashless because some time people are not having exact amount to pay or the vendor is not having the change. People are also preferring to pay or receive amount digitally which is hassle free, smooth and secured.
BayZat payment application which enables the user to make payments while providing security through OTP, where both senders and receivers sign up and authenticate themselves to have a transaction using security code and bank details.
The app enables the user to generate QR codes which can be used by the user or assigned to an existing user in the contact list. This enables the user to assign a unique identification to a specific individual, thus enabling them to carry out a transaction smoothly without having to enter the mobile number or any other details every time there is need to carry out a transaction.
User can create their accounts with which contact numbers email id and bank accounts they want and authenticated by the vendors.
It is a direct P2P process in case of fund transfer, here is no third party involvement so it is risk free.
Sender can add receiver from the contacts that are saved in phone by allowing the access of the application.
User can make the transaction safely by generating QR Code, when users are sending or assigning the QR code then only the receiver can receive the amount.
Users are also having the right to terminate the QR code once necessity is over.
Automatic OTP is being triggered in each time of transaction to the receiver’s phone with which senders are proceeding. Senders can be sure if they are making any mistake.
User can add amount to their account by BANK WIRE, Credit Card, Debit Card and withdraw as well.
There is no minimum or maximum limit of the amount that can be added to wallet or withdraw from the wallet.
Vendor CMS side is authenticating the bank details that are given by the users. Vendors are also having the right to not approve the Bank Details if its seems faulty or doubtful.
Same QR code can be assigned to the different users while terminating others so there is no need to generate QR Code each time while users are paying to different person
Users are receiving notifications of each and activity or events are happening.
User can set profile photo for easier identification and also can see the Privacy Policies, Terms and Condition and also can contact the support if necessary, so there are no hidden conditions
Facts & Figures: Fact and Figures that are being used in this application are as below.
Anybody can create account in “QR Code Application” provided they have phone number and valid bank account details.
User friendly UI.
Vendor account details has to be CMS verified.
Notifications tab, list the history of transactions happened till now.
Internet connectivity is must
Has a huge database of the users which it can pull easily for further use in the future.
The figures are clear as no lower or maximum limit for the transaction over the network.
Frequent payments done hence the application and the third party gateway link should have really tight security barriers and measures.