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    Solution Whatsapp Pay System Project

    Uploaded by

    Kamila Mikulska
    The document describes WhatsApp Pay, a proposed payment system within WhatsApp. It would allow users to transfer money to contacts through chat using linked debit/credit cards. Banks and payment providers would manage accounts and process transfers. Risks include security issues and low adoption. The proposed system aims to provide a fast, easy-to-use payment option directly in WhatsApp without needing other apps or bank transfers. It would require integration with payment gateways and security measures like PINs. The business goals are to achieve over 1 million users in 3 months and 30% of all users using the payment feature in over a year.

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    Solution Whatsapp Pay System Project

    Uploaded by

    Kamila Mikulska
    1K views6 pages
    The document describes WhatsApp Pay, a proposed payment system within WhatsApp. It would allow users to transfer money to contacts through chat using linked debit/credit cards. Banks and payment providers would manage accounts and process transfers. Risks include security issues and low adoption. The proposed system aims to provide a fast, easy-to-use payment option directly in WhatsApp without needing other apps or bank transfers. It would require integration with payment gateways and security measures like PINs. The business goals are to achieve over 1 million users in 3 months and 30% of all users using the payment feature in over a year.

    Original Description:

    Simplilearn project

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    The document describes WhatsApp Pay, a proposed payment system within WhatsApp. It would allow users to transfer money to contacts through chat using linked debit/credit cards. Banks and payment providers would manage accounts and process transfers. Risks include security issues and low adoption. The proposed system aims to provide a fast, easy-to-use payment option directly in WhatsApp without needing other apps or bank transfers. It would require integration with payment gateways and security measures like PINs. The business goals are to achieve over 1 million users in 3 months and 30% of all users using the payment feature in over a year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views6 pages

    Solution Whatsapp Pay System Project

    Uploaded by

    Kamila Mikulska
    The document describes WhatsApp Pay, a proposed payment system within WhatsApp. It would allow users to transfer money to contacts through chat using linked debit/credit cards. Banks and payment providers would manage accounts and process transfers. Risks include security issues and low adoption. The proposed system aims to provide a fast, easy-to-use payment option directly in WhatsApp without needing other apps or bank transfers. It would require integration with payment gateways and security measures like PINs. The business goals are to achieve over 1 million users in 3 months and 30% of all users using the payment feature in over a year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6
    At a glance
    Powered by AI
    The key takeaways are that WhatsApp Pay will allow users to transfer money to friends and family directly within WhatsApp chats using debit/credit cards in a fast, easy and user-friendly manner.

    The main components of the proposed WhatsApp Pay system are a user friendly interface, one-click payments, integration of credit/debit cards with WhatsApp, ability to easily transfer money peer-to-peer without needing other apps or services, and use of payment gateways and security PINs to securely transfer funds.

    Some of the functional requirements for the system are that it allows money transfers between users with payment notifications in chats, one-click transfers, secure transfers using payment gateways and security PINs, and ability to transfer funds using credit/debit cards without needing other apps.

    WhatsApp Pay

    STAKEHOLDERS

    ACTOR What he can do on the Software Created


    WhatsApp  Users can transfer the money to the family, friends during
    users chatting with them through Whatsapp
     Users can use their debit/credit card into Whatsapp
     One-click fast payment
     Easy and user friendly interface

    Banks  Manage the bank accounts of users


     Verify requests from payment systems (MasterCard, VISA, etc.)
     Sends an authorization code that approves the payment system
    to complete the payment

    Credit card  Allow to use credit card for money transfer in Whatsapp pay
    providers application
     Payment system receive request to approve transfer
     Analyse user reputation and analyse the term of money
    transaction
     Receive authorization code from bank or rejection of
    transaction
     Send money to the seller's bank account or reject transfer
     Send notification with payment confirmation

    Bank (debit  Allow to use debit card for money transfer in Whatsapp pay
    card provider) application
     Payment system receive request to approve transfer
     Analyse user reputation and analyse the term of money
    transaction
     Sends an authorization code that approves the payment system
    to complete the payment
     Receive authorization code from bank or rejection of
    transaction
     Send money to the seller's bank account or reject transfer
     Send notification with payment confirmation

    Risk Identification

     Issues with payment gateway security


     Issue with connection between bank, payment system and Whatsapp Pay payment
    gateway
     New payment system will be not such popular as we expected
     Unexpected system or server crashes
     Users will be scared to use payment app into Whatsapp (objections regarding security)

    SWOT Analysis of WhatsApp pay

    PROPOSED SYSTEM

    What is the proposed solution or system? Mention in points how the system itself will be for the
    user.

    ● User friendly interface


    ● Self – explanatory
    ● Fast and easy to use money transfer
    ● One-click payment
    ● Digital payments
    ● Integrated credit/debit cards with Whatsapp app
    ● Possibility to easy peer to peer payments
    ● No need to use wallets, bank apps, NEFT to transfer money
    ● No need to install new app, it will be added as update to existing app
    Flowchart – Future State

    SCOPE using Use Case Diagram (UML)


    IN SCOPE

     WhatsApp Pay feature – additional functionality to WhatsApp which allow to manage


    payments inside the app
     Payments with QR code – using QR codes instead of personal data to transfer money
     Update to Whatsapp – implementation new addon WhatsApp Pay as update to original
    app
     Security gate -to secure transfer money
     Payment gateway – to manage online transfers of money
     Security PIN – password which allow to make transfer by user

    OUT OF SCOPE

     Launched in all countries at once


     Adding trusting contact to transfer money without security PIN

    Business Requirements:

    Business Objective:

     Have at least 1 milion users use WhatsApp Pay feature within the first 3 months of
    launch
     Over 1 year of its launch have 30% of user base using WhatsApp Pay

    FUNCTIONAL REQUIREMENTS
     System allow to transfer money between users.
     Sender and receiver receive payment notification o their chat window
     Transfer on one click (transfer button)
     Secure transfer by using payment gateway and security PIN
     User can transfer money using credit/debit card
     User need only WhatsApp pay to transfer money

    NON-FUNCTIONAL REQUIREMENTS
    System Requirement: Windows or MacOS, internet connection, live server for payments
    management, auto scheduled tasks
    Usability: user friendly screen, self-explanatory interface
    Environments: highly secure, scalable and reliable, user-friendly, self-explanatory
    Screen Wireframes

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