Intro:Body:
Hyderabad: Despite all the struggles that he faced, this young man from Hyderabad succeeded in building a non-plastic UPI-based credit card with his hard work and determination.
The goal was to pave a way towards minimising the use of plastic, first in Hyderabad and then across India.
Vishal Ranjan did not receive any appreciation or support for his initiative from banks or people. But after consistent efforts for about two years, he succeeded in building this UPI based credit card called 'VCard'.
VCard works via smart phones and the process is similar to that involved in other credit cards, except that a plastic-made card is not used in this process.
Banks usually give credit cards to people to a minimum account balance and a certain number of transactions. But VCard allows people to use same facilities with even a small account balance.
VCard operates with the help of Unified Payment Interface run by the National Payments Corporation. The permissions for the same were taken from the Reserve Bank of India.
The card has a limit of Rs two lakhs and works via the VCard mobile application. The amount required for withdrawal is deposited into the App account for further use.
Similar to a normal card, the amount withdrawn is to be deposited within 30 days of the transfer. In fact, VCard facilitates transactions in the form of installments or EMIs too.
Vishal is an MBA graduate from Kolkata who worked hard for two long years to turn this startup into a reality. He has provided technical support to over 100 hospitals across the country and has also worked as a consultant to several companies.
As soon as he realised that India has a lower rate of plastic-based cards than other countries, the inspiration to work in this regard before the numbers go high, struck him.
If the VCard continues to prove as efficient as it does now, the government might escalate its use, thus declaring the existing modes as outdated.
Vishal has now begun to work on improvisations in VCard. He is currently providing this service to 47 cities across India and plans to launch it in more cities too.
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VO GFX
Location: Hyderabad
Telangana
VO: Despite all the struggles that he faced, this young man from Hyderabad succeeded in building a non-plastic, UPI-based credit card with his hard work and determination.
GFX: Non-plastic, UPI-based credit card
VO: The goal was to pave a way towards minimising the use of plastic, first in Hyderabad and then across India.
GFX: Minimal use of plastic
VO: Vishal Ranjan, who is an MBA graduate, did not receive any appreciation or support for his initiative from banks or people, but succeeded in building VCard with consistent efforts.
GFX: A path full of hurdles
VO: VCard works via smart phones and the process is similar to that involved in other credit cards, except that a plastic-made card is not used in this process.
GFX: VCard, a virtual credit card
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Byte: Vishal Ranjan CEO, VCard (3.33-3.44) (5.00-5.08)
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VO: It has a limit of Rs two lakhs and works via the VCard mobile application. The amount required for withdrawal is deposited into the App account for further use.
GFX: Functioning vis VCard mobile app
VO: Similar to a normal card, the amount withdrawn is to be deposited within 30 days of the transfer. In fact, VCard facilitates transactions in the form of installments or EMIs too.
GFX: Facility of EMIs
VO: If the VCard continues to prove as efficient as it does now, the government might escalate its use, thus declaring the existing modes as outdated.
GFX: Escalated use of VCard
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Byte: Vishal Ranjan CEO, VCard (11.05-11.34)
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VO: Vishal has now begun to work on improvisations in VCard. He is currently providing this service to 47 cities across India and plans to launch it in more cities too.
GFX: Improvisations for future use
Conclusion:
