frequently asked questions?
Is there any ready-to-use Fintech platforms available in the market?
Yes, there are ready-to-use fintech platforms available. Chillar Payment solutions is offering multiple platforms to the clients, where they can integrate the same with their platform through API
How fast can we develop a neo bank platform?
The normal development cycle may take 1 to 1.5 years based on the required features. Since the ready-made neo bank platform is available with us, we can complete the development (modifications) in 4 months to 6 months
How long does it take to create a Payment wallet engine?
The development timeline depends entirely on the number of resources allocated to the project and the features required by each client. Keeping in mind a normal development cycle and the quality assessments it would take anywhere from 1 year to 1.5 years easily. It would be ideal to go for ready-made wallets if the requirement is very critical.
Is there any payment wallet for students available in the market?
Yes! Chillar payments provide you with one of the finest student wallets currently available in the market. Our product, the Campus Wallet is a closed-loop payment system designed for students, which will work only inside the campus.
How does the Campus Wallet-school model work?
Parents can download the app from the google play store or the apple app store and they can recharge their kid's wallet using any of the payment methods. Once the money is loaded kids can use their ID cards for all kinds of monetary transactions inside the campus and parents will be alerted on each transaction with purchase details and wallet balance.
What are the components of the Campus wallet school model?
There are 3 major components in Campus Wallet. 1. Mobile app (Android & iOS), 2. Custom-made POS machine at all spending joints, 3. NFC patch to upgrade the student’s ID card into a payment instrument.
Is there a different campus wallet model for colleges and universities?
Yes! For colleges and Universities, we have a QR code-based smartphone model available.
How the QR Code-based Campus Wallet works?
Students can download the app from the google play store or apple app store. Canteens Cafeteria and other spending joints will be listed in the mobile app. Students can see the items available and place orders by making the payment online. A QR code will be generated and students can collect their order by scanning the QR at the outlets.
Is there any NFC(RFID) based payment wallet available?
Yes! Campus wallet is a payment wallet that works on NFC patch/ NFC Chip
What are the major benefits of Campus Wallet?
Campus Wallet saves time and improves efficiency for the institution by reducing the reconciliation time from hours to a few minutes.
The Major 2 advantages for the students are speed of transaction and safety. Unlike a normal restaurant school/college canteen will have maximum rush during 40 minutes of lunch break. All other payment methods will take a minimum of 1 minute to complete each transaction whereas the Campus wallet can finish it in 3-5 seconds. And the money loaded in the wallet is restricted to spending only inside the campus and thus protecting kids from social evils.
Are there any ready-to-use cash-back loyalty engines available?
Yes! Ready-to-use cashback loyalty engines with category-wise spending lock is available with us.
How long does it take to create a lending platform? Are there any ready-made lending platforms available in the market today?
For developing a lending platform with basic features will take 12 to 15 months. A ready-made lending Platform is available with us.