Payportal Services Limited is a private company, which was established in 2011 by international experts who have been in the payment services sector since 1996. Payportal establishes a connection between service providers and customers by processing their financial transactions online. All the services take place via the Payportal wallet.
The company’s main business area is Delhi, where they have 80 distributors and 2300 retailers. The Payportal team today is over 20 people strong, with most of them working in the sale department. In 2017, the company processed around 500 million rupees in payments, which represented a 45% growth from 2016.
What Is Payportal?
Payportal’s platform connects service providers in India like mobile operators, banks, digital TV operators, and utility companies with the masses via their wallet. The wallet number is directly linked to the mobile number of the owner.
Retailers are able to utilize the Payportal wallet to satisfy their walk-in customer's requests in a fast and secure manner. Online customers can enjoy all of the wallet’s features remotely. Customers can access the wallet via a secured webpage on a standard browser or utilize an iOS or Android application.
To develop the Payportal platform further, the developers have decided they need to utilize the blockchain technology. Some of the advantages will include server decentralization. It will ensure that wallet data is kept safe in case hackers get into the systems.
Besides that, they plan to utilize the blockchain to facilitate the transfer of money across international borders. This service will leverage the money transfer expertise that the Payportal team already has. To achieve their goal they intend to create their own digital currency dubbed the PPTL coin. These coins will be accepted as a means of payment and are converted into Indian rupees at the final stage of the transaction. All fees will be paid in the PPTL coins.
Distributors will play a major role in the transfer of PPTL coins. They will purchase tokens in the OTC market or exchange and transfer funds via a smart contract to the company’s wallet. The transaction will contain the wallet number of receiver and value of coins.
PPTL tokens are ERC20 tokens. There will be 20 million tokens produced. 14.5 million Tokens will be sold to the masses. They will be sold at the price of 1 token = 0.002 ETH. The project has a soft cap of 3000 ETH and a hard cap of 24000 ETH.
The private sale has already started, and it will end in 18 days. The date for the ICO will be announced after the private sale. Tokens will be non-transferable until the ICO ends. The ICO is expected to last until July 15, 2018.
- Token Symbol:PPTL
- Token Price: 1 Token = 0,002 ETH
- Total Supply: 20 Million
- Token Standard: ERC 20
- Soft Cap: 3,000 ETH
- Hard Cap:24,000 Thousand ETH