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Social payments startup Mypoolin has seen nearly four times growth in the past month, helped by its “any phone, any bank“ feature, coupled with the government's push for digital payments and the unified payments interface (UPI). Post demonetisation, the awareness around UPI has grown, especially after Prime Minister Narendra Modi's Moradabad rally in early December. The platform supports UPI for money transfers.
The dynamics of mobile payments are evolving every single day. UPI is set to be the game changer in peer-to-peer money transfer. UPI brings in interoperability, making it easier for users to transfer money from any bank to any bank instantly. And it is free of cost. Mypoolin has also enabled UPI payments combined with their Facebook Messenger chatbot.
Competing for a prize of $175,000 in cash and over $ 1 million in other investments, startup ventures from all across the country gathered in Gurgaon. Three shortlisted startups - Maax Market, Truelancer and Mypoolin- will now attend the Challenge Cup regionals in Singapore and then on to the global finals in Washington DC, scheduled to be held in June 2016.
Mobile payments startup Mypoolin has raised seed investment from a group of angel investors including Sharad Sharma of iSPIRT, Rajan Anandan of Google India, Sunil Kalra, Amit Ranjan of Slide Share, Rohan & Arjun Malhotra of Investopad and ex-Googler Gautam Gandhi.
On Mypoolin, a user (pool organiser) shares a plan for movie, gifting, or events etc with friends, who can then discuss and vote/opt in-out within the app. Once everyone decides whether they’re in or out or a plan is finalised, users can seamlessly pay their share using any mode of payment.
These features actually play quite a significant role in making this more than just another payment app. Mypoolin isn’t trying to be just another payment app. What it seems to target is something bigger - a complete social planning and payment tool!
Mypoolin’s technology allows consumers to pay their share for an event using any mode of payment, making the whole process instantaneous. The organiser of a group then redeems the pooled money through a transfer to his or her bank account or through online retailers like Jabong, PVR and MakeMyTrip.
A user can invite friends to chip in money for a target amount (or settle money against some previous offline transactions) via Facebook or E-mail. It also has unique features like built-in proprietary event and gift recommendations!
The 3 easy steps you need to follow to get started: ‘Put in the purpose and the target amount to get started with the pool'; ‘Invite people and they contribute, all in a single click’ & ‘Once collected, get the money transferred to your account or redeem online’. That’s it!
Kindly refer to the links below.
We consistently work hard to make sure that you can enjoy your plans and activities in the best way possible. Hence, we have partnered with some key businesses in the domain of event tickets, movies, travel and more. The benefit it provides is that the money collected by you on Mypoolin can be utilized directly on that partner website/app for the desired purchase of product, ticket etc!
We are proud to say that our collection of gift cards and vouchers is one of it's kind and definitely covers everything that you would ever wish for anyone! Let's say goodbye to the days of 'My Mom got 5 Pressure Cookers at her wedding in late 80’s and cribs till date' and indulge in some smart group gifting by getting your friends together and multiplying the fun factor