What are the requirements to create a prepaid money wallet (like Paytm wallet) for my e-commerce site? Can I create this in PHP or do I need to use Java? How difficult is it to create/manage this for a small company?

What are the requirements to create a prepaid money wallet (like Paytm wallet) for my e-commerce site? Can I create this in PHP or do I need to use Java? How difficult is it to create/manage this for a small company?

Hi,

Paytm is a Semi-Closed Wallet. In this question you have asked Paytm wallet but in description it seems that you need a closed wallet. Here’s a video to help you choose one.

Remember this -

  • If your Business Model is like MasterCard, Rupay or Visa - Open Wallet
  • If your Business Model is like BigBasket, Cleartrip or Amazon (Where you just use Wallet to Top-up and issue refunds - Closed Wallet
  • If your Business Model is like Paytm and Mobikwik - Semi-Closed Wallet

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