Problem

Many businesses and professionals are grappling with challenges stemming from existing payment solutions, primarily concerning high transaction fees and sluggish processing times. These issues not only erode profitability but also hinder customer satisfaction, making it imperative for merchants to seek more efficient and cost-effective alternatives to enhance their financial operations.

Solutions

1. Payment request

Consider a scenario where a freelance designer, Alex, needs to request payment from a client for completing a project. Using our no-code CBDC payment solution, Alex can streamline the invoicing process.

Alex logs into the no-code platform and creates a personalized invoice template. The template includes details like the project description, and total amount due.

After finalizing the invoice, Alex sends it to the client via email or a messaging app. The client receives the invoice and pay using their CBDC wallet app like XUMM. The app populates the payment details, and the client confirms the payment with a few taps.

As soon as the payment is validated on the blockchain, Alex receives a notification, and the funds are immediately available in their CBDC wallet. The process is efficient, transparent, and requires no coding or technical expertise from either party.

By leveraging our no-code CBDC payment solution, freelancers like Alex can simplify the payment collection process, ensuring faster and hassle-free transactions with their clients.

2. Sell your product

Imagine a small bakery named "SweetTreats" that wants to accept digital payments through a Central Bank Digital Currency (CBDC) without the need for complex technical integrations. With our no-code CBDC payment solution, SweetTreats can easily set up a user-friendly website.

Using the no-code platform, they design a simple payment interface with options for customers to select their desired items. Upon checkout, customers can pay using their XUMM wallet.

Once the payment is verified on the blockchain, SweetTreats receives a notification and prepares the order. The whole process is seamless and secure, requiring no technical expertise from the bakery's side.

With our no-code CBDC payment solution, small and medium enterprises like SweetTreats can embrace digital payments easily, reducing transaction costs and providing a convenient experience for their customers.

3. Pay bills (Coming soon)

Building a solution that supports payment of TV subscriptions, Netflix, Electricity, etc…

Flow diagram

Group 1641

What we learned

  • We learnt that Central Bank Digital Currency (CBDC) are forms of a country's official currency issued by the central bank.

  • Concept of cross-border payments, Hooks, Checks, DEX.

What's next for FleetPay

  • Support for subscription-based payment type.
  • Adding SDKs to embed product widgets on a website.

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