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Varun Bhambhani

Product Ops Wizard a... • 1y

Random Idea (Not sure if it exists) Lets call it (Escrow Split) or some random name for now. Custodial wallet for meetups / gatherings All the friends Pre-pay a chunk to the escrow wallet and they visit the gathering When the event ends, the group admin can pay using the custodial wallet and the remaining funds will be transferred back to the users afted calculating their equal share of the contribution. Issues: - Custodial wallet (UPI/Scan to pay) limitation due to the current regulations if.any - Method to decide upon the ownership of the said wallet amongst the group that has created the event. Reason for this app: - You pay now, I will pay later - I don’t have balance right now - Obligations to ask for the contribution after the event. etc etc

11 Replies

Replies (11)

Havish Gupta

Figuring Out • 1y

So it's kind of an temporary account? It's would be good especially while organising events. I have heard many stories where Event Holder take money but don't Fully spend it

1 Reply

Anonymous 2
•

Wipro • 1y

I definitely think you should work on it. Under ONDC you might get a good advantage too. With promotions such as having to spend less in ONDC affiliated Restaurants. Would help in your customer acquisition too.

1 Reply

Somesh Singh Shishodia
•

Venkateshwara Institute of Medical Sciences • 1y

Great concept with its own challenges, all on execution

Anonymous 1

Hey I am on Medial • 1y

Beautiful concept 🔥🔥Perfect for my friends

Varun Bhambhani

Product Ops Wizard a... • 1y

I kinda have an idea about the custodial wallet workaround and the payment working, let me know if someone wishes to develop the app and I will help them with the concept further.

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I don't think this is gonna help. Now we aldredy have UPI and it's more convenient to pay through bank account rather adding money into Wallet again and again

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Think big do big😎 • 1y

Techi niche creating a platform where all users can create event and can enter all details about event about technologies like Ai , Robotics, cloud computing the person who registered all details will get money directly into the wallet, event orga

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