How_do_I_start_a_mobile_recharge_company_in_India
In coming days online free mobile recharge has a massive scope to develop into a means for easing financial transactions, helping emergency fund transfers or proving handy on social outings. What’s exciting is the free of costs recharges and talktime that has grabbed the attention of prepaid users.
In coming days online free mobile recharge has a massive scope to develop into a means for easing financial transactions, helping emergency fund transfers or proving handy on social outings. What’s exciting is the free of costs recharges and talktime that has grabbed the attention of prepaid users.
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<strong>How</strong> <strong>do</strong> I <strong>start</strong> a <strong>mobile</strong> <strong>recharge</strong> <strong>company</strong> <strong>in</strong> <strong>India</strong>?<br />
I'm try<strong>in</strong>g to understand the <strong>in</strong>termediaries <strong>in</strong>volved. I suppose SPs like Airtel or Reliance won't engage<br />
with me and they are probably deal<strong>in</strong>g with middle-men who <strong>in</strong>turn works with small <strong>start</strong>ups like me.<br />
I'm wonder<strong>in</strong>g who they are and how to pick them.<br />
The Ultimate Steps which is helpful for you to Start<strong>in</strong>g a New Mobile Recharge Portal <strong>in</strong> <strong>India</strong> with all the<br />
Legal & Technical Steps.<br />
Step 1 :- Register your Company :-<br />
The First Step is <strong>start</strong><strong>in</strong>g a Mobile Recharge Company or Portal you need a legal entity which can <strong>do</strong><strong>in</strong>g<br />
the Bus<strong>in</strong>ess <strong>in</strong> <strong>India</strong>. Most of the Wallet or Recharge Portal are registered under the Private limited<br />
<strong>company</strong> but <strong>start</strong>ups have lot of option for the Registration to test<strong>in</strong>g their ideas <strong>in</strong> the <strong>recharge</strong><br />
bus<strong>in</strong>ess.<br />
Step 2 :- Prepare Legal Documentation :-<br />
You have to Prepare a Legal Documentation regard<strong>in</strong>g the <strong>mobile</strong> <strong>recharge</strong> offers portal like Website<br />
Terms of Use or Refund Policy because we already know that its a risky bus<strong>in</strong>ess due to refunds & fraud<br />
so <strong>start</strong>up have to always take care of the Legal <strong>do</strong>cumentation like agreements which can help them to<br />
settle any dispute.<br />
Step 3 :- Booked a Doma<strong>in</strong> , Host<strong>in</strong>g and Web Developer
You can Booked Doma<strong>in</strong> from Website like Godaddy& Host<strong>in</strong>g also from Godaddy&Inmotionand there<br />
are lot of Platforms.<br />
Even some third parties provide complete package for the Recharge Website. you have to always f<strong>in</strong>d a<br />
good Web Developer also which is enable to <strong>in</strong>tegrate the API System or Recharge Script <strong>in</strong> your<br />
Website. You can F<strong>in</strong>d Web Developer through some freelancer website like Freelancer.IN.<br />
Step 4 :- Book the API & Payment Gateway<br />
For the Recharge Portal or Website you have to <strong>in</strong>tegrate the API & Payment Gateway so if you hire a<br />
Website Development Company then they can arrange API & Other th<strong>in</strong>g himself but if you hire a Web<br />
Developer then you have buy API from the third Parties.<br />
As per a survey carried out from McK<strong>in</strong>sey the total payment <strong>in</strong>dustry will grow by US $ 45 Billion by<br />
2016. This bus<strong>in</strong>ess opportunity is 7.8 times more than developed countries like the US, UK. This<br />
<strong>in</strong>dustry has a huge potential <strong>in</strong> the near future. A very smart bus<strong>in</strong>ess model will enable hundreds and<br />
thousands of job opportunities and a very high economic forecast will enable the GDP growth of <strong>India</strong> to<br />
reach new heights.<br />
Source: https://www.quora.com/<strong>How</strong>-<strong>do</strong>-I-<strong>start</strong>-a-<strong>mobile</strong>-<strong>recharge</strong>-<strong>company</strong>-<strong>in</strong>-<strong>India</strong>
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