A SYNOPSIS ON

“ONLINE PAYMENT SYSTEM”

WITH REFERENCE TO

TANLA PLATFORMS LTD

SUBMITTED FOR THE AWARD OF

“MASTER OF BUSINESS ADMINISTRATION”

SUBMITTED BY

ABDUL SAIF
HT. No. 2128-20-672-008

HYDERABAD PRESIDENCY P.G COLLEGE

(AFFILIATED TO OSMANIA UNIVERSITY - HYDERABAD)

(2020 – 2022)
 DECLARATION

I ABDUL SAIF the student of HYDERABAD PRESIDENCY P.G COLLEGE hereby

declare that. I am completed SYNOPSIS on “ ONLINE PAYMENT SYSTEM” The
information submitted is true and original to the best of my knowledge. References have been
cited wherever necessary.

ABDUL SAIF

Date:-

Place: - Hyderabad
 TABLE OF CONTENTS

CHAPTER NO DESCRIPTION

CHAPTER - I STATEMENT OF THE PROBLEM

CHAPTER - II INTRODUCTION

CHAPTER - III AIMS AND OBJECTIVES

CHAPTER - IV HYPOTHESIS

CHAPTER – V RESEARCH METHODOLOGY

a NATURE OF THE STUDY

b SCOPE OF THE STUDY

c DATA COLLECTION METHODS

d TOOLS FOR ANALYSIS

e CHAPTERISATION
 I. STATEMENT OF THE PROBLEM

In our fast moving world, people find it very difficult to manage their time on fulfill their
commitment. Payments are done through electronic interactive communication channels. So
everyone can complete their payment work very smartly without wasting the time. This drives
the people to utilize their time effectively. The main purpose of this study is to know the
problems and prospects of E-payments. From this study, problems of the respondents and the
facilities required by them can be known.

II. INTRODUCTION

When it comes to online payments, the methods you offer your customers can have a big impact

on your success.

Online payments, especially recurring online payments, form a fundamental part of many

businesses' revenue streams. However, each online payment method has distinct advantages and

disadvantages. What might be well-suited to one kind of product, service or market, may be

unsuitable for another.

This is critical. Many businesses that take recurring payments or subscription payments
undervalue the strategic significance of which online payment methods they offer their

customers. The way you accept payment from your customers impacts not only your revenue,

but the growth of your business.

This guide will help you more deeply understand your options for taking online payments,

covering:

 Which online payment methods are available

 How they work
 Frequently asked questions about online payments

 How your choice of payment method affects your business

 How to choose which online payment method is best for you

No single online payment method is perfect in all cases, but this guide will help you identify

those that are best-suited to your business.

III. AIMS AND OBJECTIVES

 Learn about the Secure Electronic Transaction system. ...

 Ensure your electronic payment system is PCI compliant. ...

 Create an eCommerce site that uses SSL encryption technology. ...

 Set up digital signatures. ...

 Reach a new audience. ...

 Improve purchasing efficiency. ...

 Increase payment security.

IV. HYPOTHESIS

HO. THERE IS NO DIFFERENCE BETWEEN OBSERVED AND EXPECTED

FREQUENCIES.

H1: THERE IS DIFFERENCE BETWEEN OBSERVATION AND EXPECTATION

Research gap

Period of study
4 years data Time gap 2016 completed study from 2016_2020
 V. RESEARCH METHODOLOGY

The methodology is used for the paper is secondary data based research paper and it is
conceptual research paper of Digital Payment system.

To determine the current state of research on e-payment systems and their future
directions, the study employs a meta-analysis technique of research. In statistics, meta-
analysis refers to statistical analysis of large collection of analysed results from individual
studies with the aim of integrating such findings (Glass, 1976). In other words, meta-
analysis simply means analysis of analyses. As such, this study provides an extensive
literature review search conducted with Google Scholar search engine in the month of May
2015 for those researches that were carried out on e-payment adoption between the years
2010-2015. The use of Google scholar is justified due to its accuracy, high performance
in precision and comprehensiveness in providing measure for journal impact (Walters, 2009;
Harzing & Van Der Wal 2009; Meho & Yang 2007; & Walters, 2007).

a. NATURE OF THE STUDY

Understanding how an electronic payment works can get technical since there are a lot of

moving parts. Here’s a breakdown of the main participants required for an electronic payment

transaction:

 The cardholder is identified as the consumer who purchases a product or service online.

 The merchant is the person or business that sells goods and services to the cardholder.

 The issuer is the financial institution that provides the cardholder with the payment card. This is

usually the cardholder’s bank.

 The acquirer, or merchant account provider, is the financial institution that establishes an

account with the merchant. The acquirer authorizes the legitimacy of the cardholder account.

 The payments processor handles the official transaction between the cardholder and merchant.
 The payment gateway processes merchant payment messages and uses security protocols and

encryptions to ensure transaction safety

b. SCOPE OF THE STUDY

The project has been undertaken with a view of studying the “Problems and
prospects of E-Payments in Tirupur city”. The study was carried out to collect data
from the respondents using a well framed questionnaire. With the help of that the
findings and suggestions have been made.

c. DATA COLLECTION METHODS

The method of sampling used was random sampling. The main aim of the study was to cover
employee’s at all hierarchical levels. Therefore, a sample of respondents was chosen at each
level of hierarchy in all the departments and services. The sample size was taken as 50. The
respondents were from 4 categories as Scientific Staff, Technical Staff, Administrators, and
Supporting Staff.

Respondents
Employee Details Supporting Technical Scientific
Administrators
Staff Staff Staff
Total No. of.
700 100 105 100
Employees
Sample No. of.
20 10 10 10
Employees

Sample selection is random from all the 4 categories.

d. TOOLS FOR ANALYSIS

Statistical Tools: There are various statistical tools which are used in analyzing data. The
following tools are used for representing and analyzing data. Data Representation:
Table
Percentage
Diagram
Charts

e. CHAPTERISATION

BOOKS:

 Brostoff, Steven. "Regulators toughen Holocaust stance". National Underwriter 102, no.8
(February 23, 1998): 3, 57.
 Allianz-AG: progress report. Munich: Allianz-AG, 1997.
 Feldman, Gerald A. Insurance in the National Socialist Period: sources and research
problems. Washington: National Archives, 1999.
 Jawaharlal seetapathi K (2002) Life insurance VOI -II ICFAI Press.
 Jawaharlal V (2005) Insurance industry ICFAI university press.
 Kothari C.R. (2004) Research Methodology New Age Publications.

WEBSITES:

 www.google.com
 www.irdaindia.com
 www.bimaonline.com
 www.marketresearch.com