ASSIGNMENT –I FINTECH

Question 1. What is the payment gateway for book my show, book my forex and Goldman Sachs and how it differs?

Ans. Before comparing payment gateway of these three giants we must have a basic knowledge of what a payment
gateway is.

A payment gateway is the service that automates the payment transaction between the shopper and merchant. It is
usually a third party service that is actually a system of computer processes that process verifies and accepts or
declines the cc/dc transaction on behalf o merchant through secured encryptions.

 Payment gateway that Book my show uses:- PayUMoney, CCAvenue, HDFC (Direct integration)

 Payment gateway that Book my Forex uses:- Axis Bank

 Payment gateway that Goldman Sachs uses:- Pivotal

Gateway One Time Transaction Transaction Annual Credit Cards Bank Remarks
Setup Fee cost cost (Net- Maintenance supported Supported
(CC/DC) Banking) Cost (AMC)
CC-Avenue 7500 7% 4% 1200 Visa,master- HDFC, -Mobile
card,American ICICI, Pay
express, Diners UTI, -24 hour
JCB IDBI, settlement
CBoP, directly
Citibank into
BoB, your
BoI bank
etc acc.
PayUmoney 6000 5.4% 5.4% 2400 Visa 9 Major Leading
Master banks Players
Net- like Tradus
banking, and
Credit Timtara
– cards,EMI using
this

HDFC 50000 3.5-6% 12000 Visa, Master- Offering

card 99.99%
uptime
Axis 6000 6% 6% 2400 Visa, Master- Axis Currently,
card, Diners HDFC, there
Citibank are
ICICI, 1300
J &K, merchants
Federal- availing
Bank Axis Bank

Pivotal Not Not N/a CC/Dc,Merchant Merrick

Not available available loyalty card, E- Bank of
available payment South
Jordan,
Utah, BMO