India: Narayana Complex, 5th Floor, No: 648, L.B.

Nagar Road, Beside Uppal Metro Station, Hyderabad Pin:500039,

Telangana, India. Contact: +91 9492114949, Email: Info@avtrixs.com

New Zealand: 9 Manuka Street, Tauhara, Taupo 3378. Contact: +64 221820386, Email: Contact@avtrix.co.nz

Client Name: Mr. Vaughn bricknell

Company: Madewell Investments
Address: Durban, KwaZulu-Natal, South Africa

P2P Payments Software

TABLE OF CONTENTS

1. INTRO……………………………………………………………………….. 3

2. DELIVERABLES……………………………………………………………. 4

3. FEATURES………………………………………………………………….. 5

4. USER ROLES……………………………………………………………….. 7

5. TECH STACK……………………………………………………………….. 9

6. COSTING……………………………………………………………………. 9

7. TIMELINES…………………………………………………………………..
 INTRO

In an increasingly interconnected digital landscape, the way we exchange

value has evolved dramatically. Peer-to-peer (P2P) payment transfers have
emerged as a cornerstone of modern financial transactions, offering
unparalleled convenience, speed, and accessibility. Whether in traditional fiat
currencies or cutting-edge cryptocurrencies, P2P payment transfer systems
have revolutionized the way individuals conduct monetary exchanges,
empowering users to seamlessly transfer funds across borders and
platforms with minimal intermediaries.

In this era of rapid technological advancement, the convergence of P2P

payment transfers with cryptocurrencies and fiat currencies has catalyzed a
paradigm shift in financial ecosystems worldwide. With crypto assets gaining
mainstream recognition and fiat-based systems continually adapting to digital
innovations, the intersection of these two realms offers a myriad of
opportunities for individuals to transact securely and efficiently.

This paper explores the dynamics of P2P payment transfers in both crypto
and fiat currencies, delving into the underlying mechanisms, benefits,
challenges, and future prospects of these transformative financial
technologies. Through an in-depth analysis, we aim to elucidate the evolving
landscape of P2P payments, shedding light on how individuals can leverage
these systems to navigate the complexities of modern finance and foster
greater financial inclusion and empowerment.
 DELIVERABLES

1. PLANNING AND REQUIREMENT - All the inputs from the stakeholders are
composed like what the customer wants to build, who will be the end user, what is
the objective of the product. Planning for the quality assurance requirements and
identifications of the risks associated with the projects is also done at this stage.

2. DOCUMENTATION- This is accomplished through "SRS"- Software Requirement

Specification document which contains all the product requirements to be
constructed and developed during the project life cycle. Get them accepted from
the project stakeholders.

3. WIRE FRAMING - It is a schematic or blueprint that is useful for client to get to

know about the structure of the software or website.

4. DESIGNING- This phase is about to bring down all the knowledge of requirements,
analysis, and design of the software project. This phase is the product of the last
two, like inputs from the customer and requirement gathering. Delivers aesthetics of
the application.(UI designs to be provided by the client).

5. DEVELOPING- The implementation of design begins concerning writing code.

Developers have to follow the coding guidelines described by their management
and programming tools like compilers, interpreters, debuggers, etc. are used to
develop and implement the code.

6. TESTING- Code is tested against the requirements to make sure that the products
are solving the needs addressed and gathered during the requirements
stage.During this stage, unit testing, integration testing, system testing, acceptance
testing are done.

7. DEPLOYMENT- Once the software is certified, and no bugs or errors are stated,
then it is deployed.Then based on the assessment, the software may be released
as it is or with suggested enhancement in the object segment.
 Features

1. Account Management:

Users can create and manage their accounts online, including checking their balance,
reviewing transaction history, and updating account details.

2. Money Transfers:

Users can transfer money to external accounts held at other financial institutions. This may
include domestic and international transfers.

3. Bill Payments:

Users may be able to pay bills directly from their Bank accounts, such as utilities, credit
card bills, and other recurring expenses.

4. Debit/Credit Cards:

Bank may offer debit or credit cards linked to users' accounts, providing them with access
to funds for purchases and ATM withdrawals.

5. Savings and Investments:

The platform may offer savings and investment options, such as high-yield savings
accounts, certificates of deposit (CDs), or investment products like mutual funds or ETFs.

6. Budgeting and Financial Planning Tools:

Platform may provide tools and features to help users budget their expenses, track
spending patterns, and set financial goals.

7. Security Features:

Robust security measures are likely implemented to protect users' accounts and sensitive
information. This may include encryption, multi-factor authentication, fraud monitoring, and
biometric authentication.

8. Customer Support:

Platform likely offers customer support services to assist users with inquiries, account
issues, or technical problems they encounter while using the platform. Support may be
available through various channels such as phone, email, or live chat.

9. Foreign Exchange Services:

Users may have access to foreign exchange services for currency conversion or
international transactions, including competitive exchange rates and low fees.
10. Compliance and Regulation:

Platform adheres to relevant financial regulations and compliance standards to ensure the
safety and security of users' funds and data.

11.Educational Resources:

The platform may offer educational resources, articles, or tools to help users improve their
financial literacy and make informed decisions about their money.

12. Integration with Third-party Services:

Platform may integrate with third-party financial services or fintech apps to offer additional
features and functionalities, such as budgeting apps or investment platforms.
 USER ROLES

1. Account Holder/User:

The primary role held by individuals who have registered for an account with Bank.

Responsibilities include managing personal finances, accessing account balances,

reviewing transaction history, and conducting various financial transactions such as
transfers and bill payments.

Account holders have access to features such as setting up savings goals, budgeting
tools, and receiving alerts and notifications related to their accounts.

2. Administrator:

This role may be applicable for business or organizational accounts rather than individual
users.

Administrators have elevated privileges within the account, allowing them to manage
multiple users, set permissions and access levels, and oversee the overall account activity.

Responsibilities include user management, adding or removing authorized users, and

configuring account settings such as transaction limits and security preferences.

3. Customer Support Representative:

Individuals responsible for providing assistance and support to users of the Platform app.

Responsibilities include addressing user inquiries, resolving account-related issues or

disputes, and providing guidance on using the app's features effectively.

Customer support representatives may have access to user account information and
transaction history to assist with problem resolution.

4. Compliance Officer:

Responsible for ensuring that Platform complies with relevant financial regulations and
compliance standards.

Responsibilities include implementing and maintaining compliance policies and

procedures, conducting audits and risk assessments, and liaising with regulatory
authorities.

Compliance officers may monitor user transactions for suspicious activity, conduct due
diligence checks, and ensure adherence to Know Your Customer (KYC) and Anti-Money
Laundering (AML) regulations.
5. Technical Support Specialist:

Individuals responsible for addressing technical issues and providing troubleshooting

assistance related to the Platform app or online banking platform.

Responsibilities include diagnosing and resolving technical problems reported by users,

troubleshooting app functionality issues, and escalating complex technical issues to the
appropriate teams for resolution.

6. Financial Advisor/Consultant:

This role may be associated with premium or specialized services offered by Platform.

Financial advisors or consultants provide personalized financial guidance and advice to

users, helping them with wealth management, investment strategies, retirement planning,
and other financial goals.

Responsibilities include conducting financial assessments, creating personalized financial

plans, and recommending suitable financial products and services offered by Platform.

TECH STACK
Web: React.JS (Frontend)

Mobile: React Native

Backend: Node.JS

Blockchain: Ethereum

Project Cost:

Costs: Total estimated cost of the project if its only web Application is USD 46000 with a
time-frame of 6 Months for completion.
Payment Terms:

1. An Advance sum of 50% of the estimated project-billing invoice will be

generated on acceptance/signing of contract.

2. 25% on Completion of 50% of the project

3. 25% on Completion and handover of the project

Bank Details: All payments to be made to Developer Account. INDIA

ACCOUNT DETAILS:

Account Name: Avtrix Software Solutions

Account number: 9492114949
IFSC: KKBK0007477
Branch address: Habsiguda, Hyderabad, Telangana. India.

Acceptance and Signature

If you like to go for our services, please acknowledge by signing below. You can
always contact us.

Name : D Venkanna (Co-founder) Signature

Avtrix Software Solutions

Client Name:
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Address: