Swift Fi

A Payment and Banking Suite platform to meet all your payments and banking needs under one platform . Grow and power your business with wide range of features and accept Payments in crypto .

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Inspiration

Digital Payments have been at a Boom in the recent years with the increase usage of smartphone and the internet , but the major market share of this is controlled by big Companies like Pay pal , Visa , MasterCard, Razorpay ,etc which is highly Centralized and have too much power over the services. The end consumer and merchants does not have control over the payments and highly dependent on these big platforms. These companies have access over all the DATA that is generated when user avail these services , which can be used in a wrong way.

Therefore we came up with Swift Fi - to solve all your payment and banking related problems under one roof .

What our project is meant to do ?

Swift Fi is a DEFI platform and payment suite to meet all the payment needs . Grow your business by powering all your finance directly through our platform . Suite include Payment requests, Payment Links , Personalised Payment Pages , Payout Links , Payment gateway and Payment SDKs / Components for businesses , Pay Splitting , Routing and Subscriptions . Payment comes with variety of Payment Options such as Pay Now , Pay later , Pay via EMIs , Pay via Stream , all with support for variety of crypto and Stable coins . Also get working capital for your business purposes . We also offer investing services like Staking , Lending and earn over what you earn.

How do we envision it being built ?

The project will be powered by a range of Smart Contracts , that handles the payment solutions and requests in different ways with integration of different protocols . The Contracts will be deployed on blockchain after being properly audited . The Frontend will be built via Next.js App with designing in HTML / CSS and other UI Frameworks . We will ensure the best UI / UX experience to be able to easily transact and use our platforms for all their payment needs . The integration of frontend with the backend contracts will be done via Ethers.js and wagmi.js . Other SDKs from protocols will be used to ensure the easy integration in the platform .

A SDK and Gateway will be built for businesses for them to easily use our services integrated directly into their platforms and offer the same to the end consumer.

How would your project work ?

All the payments suite features are offered directly via the Smart contracts which are deployed on the blockchain. Users after connecting the wallet can register as a business or Personal acc and create a in-dApp wallet that offers extra features like directly paying and receiving the funds in native currency or other Stable coins , paying via all the different payment options , and even investing directly from this wallet. Logic code for all other payment features is also written in the contracts which are already deployed or will be deployed via the user for proper functioning . A frontend dashboard is available for all the users to able to interact with all these contracts , and a log of all the transactions. Users will be able to create payment requests , link , Payout links and other payment services directly from the dashboard . Another section will include all the banking related services like lending ,borrowing and Staking .

Features

  • Payment Gateway : Flash Checkout and Payment gateways , can be integrated by other platforms to enable payments

  • Payment Links - Payment requests are created by the user with specific details which can be sent to the payee

  • Payout links - Amount to be paid to a user can be locked in escrow , and a claimable link is shared to the acceptor

  • Personalised payment page - Personalized Payment pages for creators and other purposes

  • Payment Component or SDKs - Add Payment support in Crypto with numerous options directly via SDK or Components , which can be integrated directly in the partner platform

  • Payment Splitter / Router - Split the incoming payments into a set of accounts

  • Payment Subscriptions - Recurring payments support for any type of platforms and users

  • Payment options to be given on each page : Pay Now , Pay later, Pay via Stream , Pay in EMIs

  • Corporate Payroll : Automated payrolls to the employees

  • Direct Payout - Send Pay directly to the end user

  • Offer credit and borrowing services to the vendors and other verified creator

  • Can lend and even stake to earn interest on the same , even vaults can be integrated

  • Corporate prepaid cards to be able to spend on other partners , Kind of prepaid cards issued by our platform , that can be used to pay on other platforms which also have our payment integration .

Challenges we ran into

We struggled with actually laying out the idea in a proper way , we had to research a lot on the proper functioning of each and every feature when put under development , how would they work out .

What's next for Swift Fi

We aim to actually put this idea into work and build a frontend platform that implements and offers all the above features on the same platform with best UI / UX for the end user and simple documentation for the developers to add payment functionality in their dApps and websites .

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