Inspiration
We are participating in this hackathon because this is one of the best opportunities to work with other students and professionals. Creating new concepts and ideas fuels innovation and helps us to test and improve our skills. This hackathon allowed us to focus on a problem, identify the true need and develop a solution. This also helped us in team building. We are looking forward to exploring greater opportunities that make us better developers.
What it does
The cellular payment system allows us to make digital payments using phone calls with all mobile phones which have a calling facility.
How we built it
The underlying technology used in this solution includes an AI chatbot that handles calls and a backend server that collects, encrypts, and stores this information. The existing infrastructure of the Cellular network can be leveraged to implement this system and the existing servers and database management solutions in banks can be extended to manage the transactions of new users. The APIs that are required are for implementing a Call bot, an API to receive calls and number pad input from the user, some Toll-Free numbers, and an API to record these transactions in banks.
Challenges we ran into
The biggest challenge in implementing this system is in bringing awareness to people about this mode of payment. This task can be accomplished by incentivizing people if they use CPS by implementing zero-fee payments and occasional cash-backs To bring this idea to life, Telecom operators and bank authorities should work in cooperation. The timeline for implementation mainly depends on people’s cooperation in going cashless
What's next for CPS - Landing website for a Cellular Payment System
If this system gets implemented, it will be like encouragement to digital payments in India. Since each transaction gets recorded it benefits in income tax and also in regulating the welfare schemes. If a user is having more transactions or balances in his bank account, then his name will be removed from the central welfare scheme index.
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