Jupiter.Bullet – UPI Now, Pay Later – Why I use it every day?

 

I am a big fan of all varieties of Digital Transactions.

The Joy of money moving in or out digitally is just different as compared to handling physical money i.e. cash.

In simple terms, Jupiter.Bullet is a FinTech App that offers UPI Now, Pay Later facilities for its onboarded customers.

Jupiter.Bullet was in Beta mode till last month. At present, the same is available for the general public.  

 

Why I use it every day?    

Reason 01) Simple to use

Reason 02) Ultrafast QR Scanning speed, the QR code can be scanned from any angle

Reason 03) No risk of exposing my main bank accounts for digital transactions

Reason 04) Comprehensible account statement / transaction details

Reason 05) Reasonable credit limit for daily transactions, no fear of over-spending, and scratching my head when the bill arrives.

Reason 06) NIL cluttering of my main bank accounts, with small value digital transactions

Reason 07) Opportunity to invest the credit limit in Liquid Mutual Funds and earn some income.

 

What will make it more amazing?

 

Amaze 01) Customised Billing dates.  Instead of standard 5^th and 20^th due dates, customized billing dates, say like 10^th and 25^th etc, at least for 1-year vintage users.  

Amaze 02) Categorisation of the expenses i.e groceries, eateries, medicines etc

Amaze 03) Dynamic increase of credit limit, say up to 10 % within a credit cycle

Amaze 04) Rewards for quick payment after the Bill Generation.

Eg: Bill is generated on 12.01am, 01/03/2021.

INR75/- cashback if bill is paid within 2 hours of generation

INR50/- cashback if bill is paid within 6 hours of generation

INR25/- cashback if bill is paid within 12 hours of generation

Amaze 05) Assignment of Bullet Limits to other 1 or 2 users

EG: I am eligible for INR 10,000/- Bullet Limit. My ward 18 years old, has no credit history, has an Aadhaar / PAN Number. I should be able to crave a limit of say INR3,000/- and allot to my ward.

The payment responsibility rests on me only.

Amaze 06) After the rollout, stabilisation and success of ‘Amaze 05’, the same can be extended to Mom n Pop store employees as a paid subscription model.

Amaze 07) After the rollout, stabilization and success of ‘Amaze 05’, the same can be extended to employees on rolls of HR Aggregators i.e M/s Team Lease etc, as a paid subscription model.

 

  Pain Point – Only 1 Pain Point – Rare connectivity issues. 

Read more @ https://bullet.money/ and download the Jupiter.Bullet App on Google Play / App Store

Reference Article: Exclusive: Jitendra Gupta set to launch micro-lending app Bullet Money

 

Disclaimer: These are my personal views only. The bottom line is Mission #LessCashNotCashLess