Currency Exchange Wallet App Proposal Document

Created By: Vishal Mandhyan

Title: Business Development Manager
Company Name: Aquad Software Solutions
 Introduction

E-Wallet has ended up with a great importance in the market and is leading
a change in the banking system. E-Wallet is said to be soft cash or
software cash which is actually counted as virtual money, but synced with
bank account of user. As we all know, paytm is the primary market capturer
in E-Wallet Business Vertical and has controlled over 75% of total market of
Indian Application. It will be utterly nonsense, if it is said that if a new
e-wallet product is launched into the market will have a good position,
because the same e-wallet which paytm has offered to Indian market, no
one else can bring such wallet, but yes providing a solution for tourist to get
their money loaded in their wallet’s in exchange of their currency i.e. what I
am saying,
This basic application motive will be to get your currency loaded in your
wallet through our Agent’s, now the question arises how actually will it be
performed.
We will further discuss , how actually it will work but, basic fundamental of
this e-wallet strategy is to load your money, Send money, Pay to vendor’s
through the wallet money to anywhere.

Also For Tourist this application will tell them best destinations to visit,
Famous Tourist places to visit , plan their vacations budget friendly.

The complete AI friendly wallet for tourist who are visiting india, which will
help them manage their vacations.
 Business Understanding

Now the question arises how will it be performed? Another Question arises
will it be secure? Answer would be yes, it is secure and moreover it is easy
to perform. There will be two type of wallet used in this product, one is the
self wallet or personal wallet and other is the virtual wallet or common
wallet which will be used for paying. Now again a question arises why this
product will be used by other users, it can also be done in paytm, it is
because, there is a unique feature in this application which will be further
discussed: (Security feature)

1. New User will create a account

2. Enter the country from where they are coming
3. System will identify the country and show them recommended
destinations which usually people from their country visits.
4. User can check nearby currency exchange point’s from where they
can exchange the money and get their wallet loaded.
5. Once they get their money loaded, it will be saved in virtual common
wallet.
6. User can send money to their friends or family members which are
traveling, they can also pay to vendors as this money can be paid to
any QR code all across india.
7. Tourists can load out i.e. whatever money is remaining they can load
out by going to exchange points, and they will deduct the money from
wallet, and give them the currency of their country.
8. Secondly , there will be many shops associated with this product,
which will actually be done for shopping , like booking, movie tickets,
flight booking, hotel booking, and many more, each and every shop
will provide commission to the product owner which is you.
9. User has to pay using , payment gateway
 10. Offers and promo codes can also be used in this product.
This is the procedure how this wallet product will get famous and be
different from the paytm and other wallet products.

Key Features

User Role :

1. User
2. Agent
3. Admin

Key Features : (user App)

1. Splash
2. Tutorial
3. Login
4. Forgot Password
5. Register
6. Social Register (Facebook/ Google)
7. Register Confirmation (Otp Verification)
8. Welcome User (checkout Famous destinations to visit)
9. Bottom Menu
a. Home
i. Scan & Pay
ii. Load Money
iii. Request Money (this wallet can be used for request
money as well) (will try sending a payment link to other
user’s which they are requesting, and they can fund
tourist wallet using upi) (it can be any tourist guide or any
friend of their in india)
iv. Send Money
 v. Recommended Places To visit
vi. Ticket Booking
vii. Most Booked Places to Stay
viii. Trip Planner
ix. Nearby Currency Exchange Points
b. Explore
i. Most popular Places
ii. Nearby Restaurants, coffee shops, Tourist attractions,
museum’s and entertainment places to book
1. List of Places
2. Map View of places (whenever user will be in a
specific place it will show them nearby famous
places to visit and book any ticket if there will be
any available show to watch)
c. Scan (Scanning any QR code)
d. History (Payment Transaction history either done manually
through cash or through online)(this will maintain transaction
history)
e. Settings
10. Ticket booking
a. Flight Booking (though third party api)
i. From & to along with round trip or one way filter
ii. List of flight’s
iii. Compare price
iv. Book Now
b. Bus Booking (though third party api)
i. From & to
ii. List of Bus
iii. Compare price
iv. Book Now
c. Hotel Booking
i. Destination where Traveling & date
ii. List of Hotels
 iii. Detail of Hotel’s
iv. Book Now
11. Trip planner
a. Trip Scheduler
i. Run a scheduler with date’s where you want to go and
setup a budget
b. Trip Notes
i. Enter list of item’s which you want to purchase while
travelling (Suppose if tourist planning to go to trek )(so list
of item’s they can put in trip note’s)
12. Nearby Currency Exchange Points (for exchanging currency as
well as loading money into wallet)
a. List View
b. Map View
13. Invite Friend
14. Payment Gateway
15. Offer & Promo
16. About Us
17. Help
18. Logout
Admin Panel :

1. Dashboard
2. Manage Roles (View All Staff Roles, Create and Manage Roles. Edit
or Delete them. Customize them.)
3. Manage Staffs
4. Manage Tourist’s
(View/Edit/Delete/Activate/Deactivate/Block/Unblock)
5. Manage Agent’s(View/Edit/Delete/Activate/Deactivate/Block/Unblock)
(Manage multiple sellers across your platform, set per sale
commission, review supplier information in real time)
6. Manage Currency Exchange Points
7. Load Wallet (this will be also accessed by Agent’s)
8. Api Management (Manage all aspects of API. Add Apis,View or
Activate and Deactivate them at your convenience.)
9. Manage Properties
10. Manage Refunds
11. Manage Booking’s
12. Manage Cancellations
13. Manage Payment Gateway
14. Manage Alerts (SMS/Email)
15. Manage Wallet (View/Edit/Refund, if required)
16. Manage Transaction Report (To Generate reports of all wallet)
17. Manage Static Content (Add/View/Edit/Delete)
Functionalities

1. Login
2. Register
3. Social Register (Facebook/Gmail Api Integration)
4. Email Authentication
5. Email Verification
6. Image Upload
7. Payment Gateway
8. Wallet Functionality
9. Third Party Api integration (flight, bus, hotel)
10. Scheduler Integration (calendar Integration)
11. Report
12. Refund
13. Invite
14. Offer
15. Promo Code
16. Web Service Integration
Technology Involved

1. Backend Technology Stack: Node.JS

2. Database Technology: MongoDb
3. Front End Admin Tech stack: Html/CSS, React.Js
4. Mobile Application Tech Stack: React Native

Timeline & Costing

1. Front End Mobile App Design:

Timeline: 15 Business Days

2. Wallet App Mobile UI Development:

Timeline: 35 Business Days

3. Backend Database & Api Development:

Timeline: 45 Business Days

4. Admin Panel UI Development:

Timeline: 22 Business Days

5. Admin Panel Front End Api Development and Integration:

Timeline: 30 Business Days

6. Mobile App Complete Functionality Integration:

Timeline: 30 Business Days

7. User Acceptance Testing for Mobile App:

Timeline: 7 Business Days

8. User Acceptance Testing for Admin Panel:

Timeline: 7 Business Days
9. Launch of Mobile App on Live apple and Play Store:
Timeline: 5 Business Days

Fixed Cost (Payment Will be done with Milestone Basis)

Total Mobile App Development Timeline: 72 Business Days

Total Backend Database , Api & Admin Panel Timeline: 104
Business Days

Total Resource Deployed: 1 Mobile App UX Designer, 1 MERN

Stack Developer, 1 React Native Developer, 1 Project Manager
(Partial), 1 Tester (Partial), 1 Business Analyst (Partial) , ! Devops
Expert, 1 Web Designer (Html/CSS)

Total Cost: 11,00,000+ 18% GST.

Total Development Timeline: 5 Months

Payment Deliverables Plan (If project starts from Monday)

1. Milestone 1 (25% Advance) : 2,75,000 INR +GST

2. Milestone 2 (10%):1,10,000 INR +GST
Deliverable: Mobile App UI
Date: 5th August’2022
3. Milestone 3 (10%): 1,10,000 INR +GST
Deliverable: Backend Database, Admin Panel Theme Setup &
Mobile App Apis
Date: 10th August’2022
4. Milestone 4 (15%): 1,65,000 INR + GST
Deliverable: Admin Panel Api & Admin Panel Front End UI
Development
Date: 10th September’ 2022
 5. Milestone 5 (15%): 1,65,000 INR+ GST
Deliverable: Mobile App Functionality Integration
Date: 15th October’ 2022

6. Milestone 6 (15%): 1,65,000 INR+GST

Deliverable: Admin Panel Functional Integration
Date: 10th October’2022

7. Milestone 7 (10%): 1,10,000 INR+ GST

Deliverable: Launching on Appstore & Playstore
Date: 20th October’2022

Monthly Resource Costing: (If you hire Resources from our

Company)
1. 1 MERN Stack: 1,00,000INR+GST (5 Years Experience)
2. 1 React Native: 1,10,000 INR+GST (4 Year Experience)
3. 1 Graphic Designer: 40,000 INR +GST (4 Year Experience)
4. 1 Web Designer: 50,000 INR+GST (3 Year Experience)