A Comprehensive Web-Based Application for Digital Book-Keeping, Payment Process, and Secure Peer-to-Peer Transaction/strong>
Authors:-Assistant Professor Shivangi Sharma, Devansh Gautam, Sanjana Rajput, Ritik Ghosh, Purva Pardhi
Abstract-This paper presents the designing of a web-based financial application that implements digital bookkeeping and payment management features considering the needs of small and medium-sized businesses (SMBs). Identified financial management challenges for SMBs to track their expenses and debts as well as to make UPI-based payments are considered. The added feature of the app is the sound peer-to-peer payment with state-of-the art technologies including usage of biometric authentication, face recognition, and near-field communication. This will enable smooth financial transactions and, consequently, enhance security thereby reducing reliance on intermediaries and risk of frauds. It then delves into technical architecture, security features, and user experience, extending that with business implications of the application in a scenario of commission-based benefits. The thesis then discusses market potential and scalability of the app.
