Revolutionizing Finance: The Impact of Vijay Saran and Utkarshini Arora's Peso App
Revolutionizing Finance: The Impact of Vijay Saran and Utkarshini Arora's Peso App
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Bangalore is often referred to as the thriving epicenter of technology and innovation and within this vibrant city, two exceptional individuals, Vijay Saran and Utkarshini Arora, both products of India's tech revolution, have not only reached remarkable milestones in their personal journeys but have also joined forces to craft something truly groundbreaking: the Peso App. 

The Peso App, a revolutionary Web 3 platform merging fintech and blockchain, has a mission to streamline financial transactions and grant users unprecedented authority over their finances.

It is built on three core pillars:

Real-time Updates: Users have access to around-the-clock information on the latest happenings in technology, blockchain, financial markets, and AI.

Blockchain-Powered Payments: With the ease of UPI, Peso's blockchain infrastructure guarantees secure and efficient transactions, giving users enhanced control.

Smart Taxation and AI Tools: Peso offers a comprehensive suite of tools to alleviate financial concerns, especially during tax season, simplifying the process of filing returns.

Vijay Saran, a serial tech entrepreneur, began his journey at 14 with "N DROID CITY," an ethical hacking website. By 22, he secured INR 2.5 million in funding, earning a place in "30 Under 30." In 2023, he completed a Postgraduate program in Blockchain at IIT Kanpur.

Utkarshini Arora, a seasoned software developer, contributed to top unicorn startups and excelled as a content creator. She mentored over 12,000 students and completed a Post Graduation in Blockchain from IIIT Bangalore.

The inception of the Peso App began when Vijay and Utkarshini met in Bangalore and started offering tech and marketing consultancy to startups. However, they hit a roadblock with the UPI system's limitations on daily transactions.

 

As skilled developers, they tried integrating payment gateways into their business website, exploring options like Razorpay, Instamojo, Paytm, Payu, Stripe, and Paypal. Stringent RBI regulations hindered most of these options, but one prominent payment gateway allowed them to integrate. However, a client's payment was held in reserve for four months, exposing the challenges faced by startups in India in terms of financial control.

Recognizing the critical gap in the financial system, Vijay and Utkarshini saw an opportunity to solve this issue with blockchain technology. Leveraging their proficiency as blockchain developers, they set out on a mission to create an app that would streamline financial transactions through blockchain infrastructure. Appropriately, they named it "Peso," symbolizing "money."

The Peso App is now available on Google Play and the App Store, having successfully implemented its first pillar and quickly rising to prominence in the fintech sector.

Currently, Vijay Saran, Utkarshini Arora, and their dedicated team are actively working on integrating the second pillar, which involves the use of the Bitcoin Lightning Network Infrastructure. This advancement will make Peso App India's first layer 2 blockchain payments app, enabling lightning-fast global payments.

With Peso App, entrepreneurs, free-lancers and business owners can conduct unrestricted global business while maintaining full financial control. Vijay Saran and Utkarshini Arora's collaboration promises to redefine how we handle money in the digital age, attracting global attention and anticipation.

To experience the Peso App, please visit the following links:

Apple IOS: https://apps.apple.com/in/app/peso/id6449457716

Google Play Store: https://play.google.com/store/apps/details?id=com.pesoit

 
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