ZeroPay

Inspiration

💡 Did you know? Digital payment transactions are projected to reach a staggering $8.26 trillion by 2025, signaling the growing demand for secure and convenient payment solutions.

Over 1.7 billion adults worldwide 🌍 remain unbanked, limiting their access to financial services.

💰 Digital payments not only enhance convenience but also drive economic growth. Studies show that increasing digital payment usage can boost GDP by up to 3.7% in emerging economies, creating opportunities for businesses and individuals.

Payment fraud🔒 is a significant concern, with global losses estimated at $32.39 billion in 2020. ZeroPay leverages Pangea's cutting-edge security services to ensure every transaction is protected, offering users peace of mind.

🚀 Mobile payment adoption is on the rise, with an estimated 2.1 billion people using mobile wallets globally. ZeroPay taps into this trend, providing users with a seamless and mobile-centric payment experience. ZeroPay and Pangea are committed to bridging this gap and promoting financial inclusion for all.

What it does

Login and ZeroPay ID: Users can create their ZeroPay ID by signing up and securely logging into the application. This unique ID serves as their digital payment identity.

Bank Account Integration: Users can conveniently link their bank accounts to the ZeroPay app, enabling seamless fund transfers.

Transaction Setup: Users can set up their preferred transaction process, such as specifying the amount, recipient details, and transaction purpose.

Send Money: With ZeroPay, users can initiate money transfers from their linked bank account to other bank accounts. They have the flexibility to send funds using the recipient's ZeroPay ID or by scanning a QR code.

Digitalized Payments: ZeroPay simplifies and accelerates the payment process by eliminating the need for physical cash or traditional payment methods. Users can complete transactions digitally, making it more convenient and efficient.

Made Secure with Pangea

🔒 Our app utilizes Pangea's AuditLog API to create a scalable and tamper-proof log for tracking user activity and combating fraudulent transactions.

🚫 With the Redact API, we limit the spread of sensitive information, reducing the risk of data breaches and protecting customer privacy.

📈 65% of data breaches involve stolen credentials (Source: Verizon's 2021 Data Breach Investigations Report). Our User Intel API allows businesses to check if their customers' personally identifiable data has been compromised in breaches.

🌐 By leveraging Pangea's IP Intel service, we provide insights into the reputation of IP addresses, helping businesses detect and block malicious activities.

🔐 Integration with Pangea's Vault API ensures secure storage of cryptographic keys and API tokens, safeguarding against unauthorized access.

🔐 Pangea's AuthN service offers cloud-based authentication, enhancing login security and protecting user accounts.

Architecture

architecture

Customers on Secured Payments

According to a study by PwC, 81% of customers are happy to use payment apps with more security features. The study also found that 63% of customers are willing to pay more for payment apps with additional security features. This suggests that customers are increasingly concerned about the security of their personal and financial information, and they are willing to use payment apps that offer more protection.

customer

How we built it

Our solution was built using a powerful combination of technologies. For the backend, we utilized Django , a reliable and scalable framework that forms the foundation of our application.
On the frontend, we employed Flutter to create a seamless and intuitive user interface, ensuring a delightful user experience across different platforms.
To ensure the security of our users' transactions and data, we integrated Pangea API's advanced security services. This integration helps us protect sensitive information and prevent fraudulent activities.
RestAPI enables smooth communication between the frontend and backend, facilitating efficient data exchange and real-time updates. API integration, and security services, resulting in a secure, efficient, and user-friendly payment experience.

Challenges we ran into

Integrating the Pangea API into our application demanded a good understanding of its functionalities and endpoints.
Creating an intuitive and user-friendly interface that meets the expectations and preferences of the target users can be a challenge.
Integrating the application with external systems, such as payment gateways, APIs, or third-party services, can be complex.
Developers need to handle different data formats, authentication methods, and ensure smooth communication between the application and external systems.
Building robust error handling mechanisms is crucial for providing a seamless user experience.
Validating and handling user input is a critical challenge in application development.

Accomplishments that we're proud of

One of the key accomplishments of our project was the seamless integration of Pangea API's security services into our payment application.
Effectively implementing Pangea features such as AuditLog API, Redact API, and IP Intel service, we were able to enhance the security of our application and protect sensitive user data from potential threats.
Created a robust backend that facilitated seamless and secure money transfers between bank accounts using ZeroPay IDs or QR scanning.
We developed a visually appealing and user-friendly interface using Flutter that streamlined the payment process.

What we learned

We learned the importance of prioritizing the user experience, ensuring that every feature and functionality is designed with simplicity and convenience in mind.
Building a secure payment platform was paramount. We learned the significance of implementing robust security measures, such as Pangea services, to protect user data and prevent unauthorized access.
Developing with a comprehensive tech stack allowed us to gain expertise in both backend and frontend technologies.
We learned to seamlessly integrate different components and ensure smooth communication between the server-side and client-side applications.

What's next for ZeroPay

Expansion of payment services: 💸 Bill payments, 🏬 merchant payments, and 🤝 peer-to-peer transfers.
Integration with digital wallets: 🔗 Seamless transfer of funds between Zeropay and digital wallets.
Analytics and insights: 📊 Transaction analysis and financial behavior insights for users.
Partnerships and integrations: 🤝 Collaborations with financial institutions and service providers for added services.
International remittance: 🌍 Cross-border payment solutions with competitive exchange rates.