Vivekanand Education Society Institute of Management Studies &Research

Title Page Interim

Report

Vivekanand Education Society Institute of Management

Studies & Research

INTERIMREP
ORT ON
(E-commerce)
By
(PRAJYOT
SURANA)
Roll Number: 175

Faculty
Mentor
(Prof. SNEHAL
CHINCHOLKAR)
Industry
Mentor
(Mr. VIKAS PANDITRAO)

About The Company

Incorporated in Singapore in 2012, fastacash provides a global platform which
allows users to transfer value (money, airtime, other tokens of value, etc.) along
with digital content (photos, videos, audio, messages) through social networks and
messaging platforms, enabling secure and cost-effective transactions domestically
and internationally. As a technology enabler, fastacash partners with companies
and brands in the payments, remittance, consumer products, and social industries
to bring its technology to end-users. Together with its partners, the firm addresses
the ever-increasing global population of mobile users that have limited access to
financial services.
Fastacash works with banks, mobile operators, remittance companies, payment
service providers, mobile wallets and other financial institutions to enable value
transfers, be it peer-to-peer or person-to-merchant, by leveraging social network
channels and messaging platforms.
The company has its headquarter in Singapore. The company has services in India,
Indonesia, Russia, Singapore and Vietnam. The company has acquired over one
million end-users and continues to demonstrate strong growth.
Fastacash partner with banks, payments service providers (PSPs), money transfer
operators, wallet service companies, retailers, social & messaging platforms, and
mobile operators to bring its technology to consumers.

Details Of The Work Conducted For The SIP

Collect the information (secondary data collection) and make report on the
collected data and give presentation to the industry mentor. So that, he can use
that information in meetings with his clients and customers.
Following work done:
1)
2)
3)
4)

Analysis of Digital banking in Asia

Understanding the E-commerce & m-commerce scenario in Asian countries
Classifying the E-commerce websites (Globe vs. India)
a. Failure rate & Examples
Payment Gateways and Payment modes

Outcome/Learning of The Work Done By Student

1) Huge scope for E-commerce & digital banking in Asia
2) Various Payment Gateways and Payment modes available in it
3) Determining future projections in E-commerce industry based on various
parameters
4)SWOT analysis of Digital banking