PeLocal aims to revolutionize the way merchants receive and manage payments for the services provided to consumers, bridging the gap between merchants and consumers. Leveraging the power of intelligent digital technologies, Binmile helped PeLocal gain a competitive edge with the most viable FinTech app solution.
- Vertical: FinTech industry
- Technology used: React Native, Python, React JS, HTML3, HTML5, and PHP
- Time duration: Ongoing
- Team effort: 8 technology experts
A Snippet of Case Study “Fintech App Solution”
This is a brief snippet of the case study of Fintech App Solution.
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Challenge
Need for payment settlement on the same day via a payment gateway and earning credibility in the market. Lack of customer knowledge regarding product features and product utility in the weak network.
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Solutions
Binmile helped PeLocal develop a quality Fintech app from scratch, ensuring consistent support and assistance.
Benefits: Binmile’s tech stack and technical acumen helped the client perform well in the finance market with a competitive product that is user-friendly and economically suitable for both merchants and consumers.
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Scope of Work
Product conceptualization; UX/UI strategy and designs; mobile app development for Android & iOS; web development; API development and integration; and DevOps automation
Read Also: Payment Industry Trends 2024
Words of Praise (Testimonial) from PeLocal Client
“They are reliable, professional, & responsive! Binmile not only understands our business but also quickly implements FinTech solutions to address immediate challenges. They work with high integrity and prioritize our business needs. It’s been a pleasure to work with such a great Team.”
Prime Challenges
- Need for safe and secure storage of user data
- Scalability with the incremental release of new features
- Numerous API integrations needed
- Business requirements needed the amounts to be settled to the customer’s bank account directly
- Sharing of payment links to the customers
- Solution design and implementation to keep the product cost in check
Binmile took on all challenges and gave the client exactly what it was looking for in the competitive market.
Binmile Solutions
- Custom API developed with PayU to cater to the unique business need.
- Background jobs were set up to automate the sending of thousands of different payment links to the customers.
- DevOps automation for seamless deployment with time and cost savings.
Overall Business Outcomes
Being vocal for local, PeLocal successfully promoted local merchants with the Fintech app, a one-stop solution for financial transactions.
- Simple payment and customer management
- Hassle-free digital payment solutions
- Best payment experience from anywhere
- Automated payment collection
- Manage your revenue on the go
Read Also: FinTech App for Millennial Retail Investors
About PeLocal
Pelocal App is the Best Payment Collection Solution. It helps you collect payments from anyone and anywhere, be it a one-time payment request or monthly recurring payment. The app comes with the following unique features
- Sending F11SMS/Whatsapp/call reminders to customers
- All modes of online payment accepted
- Onboarding within 15 min
- Zero maintenance
- 24/7 support
- Best-in-industry transaction rates
- Same-day settlement in bank accounts
- Customer record management
Chennai, India-based PeLocal is a happy client of Binmile Technologies and is satisfied with the FinTech app solution.
We like to go the extra mile with our clients.
Frequently Asked Questions
A fintech app solution is a digital platform that helps businesses manage payments, track transactions, reconcile accounts, and monitor settlements. For Indian vendors, it can simplify payment workflows, improve transaction visibility, and reduce manual administrative work.
A fintech app solution can automate transaction tracking, payment reconciliation, settlement status updates, and notifications. Integration with suitable payment gateways and banking systems can reduce manual processing and help vendors identify delayed or failed transactions more quickly.
Key features include real-time transaction tracking, automated reconciliation, payment gateway integration, settlement reports, refund management, role-based access, and data encryption. Vendors should choose features based on their transaction volumes, business model, and operational requirements.
The cost depends on the app’s complexity, integrations, security requirements, features, and ongoing maintenance needs. A basic payment management application may require a smaller investment than a platform supporting multiple payment methods, automated reconciliation, and advanced analytics. A development partner can provide a more accurate estimate after assessing the requirements.
Businesses should evaluate a company’s fintech development experience, payment integration capabilities, security practices, regulatory awareness, and post-launch support. A reliable development partner can help define requirements, design a scalable solution, and build a payment settlement workflow aligned with business goals.
