Overview
Investing in gold has been a traditional practice for many, especially homemakers and jeweler shop owners. However, gold transactions are still mostly done physically, making it hard to track or manage them on a larger scale.
Key Points
Problem:
No platform exists for digital gold transactions.
Solution:
Development of a digital e-wallet for gold trading.
Client’s Reach:
3500+ physical branches
Problem Statement
Lack of Digital Platform:
No existing platform for buying and selling gold digitally.
Physical Transactions:
Gold dealings primarily occur in physical stores or through cash.
Need for E-Wallet:
An e-wallet system is required to facilitate gold transactions.
Our Proposed Solution
We developed a digital platform for buying and selling gold using the PEAN stack (PostgreSQL, Express, Angular, Node.js)
Key Features
| Features | Description |
| First Multilingual Platform | Supports all states in India |
| Instant IMPS System | Customers can sell gold and receive money instantly in their bank accounts within one minute. |
| Omnichannel Solution | Accessible on mobile, tablets, laptops, and desktops. |
Benefits
| Features | Benefits |
| Instant Transactions | Gold credited to the e-wallet instantly after purchase. |
| Flexible Amounts | Customers can buy gold for as low as Re 1 |
| Real-time Operations | Facilitates multiple customer dealings simultaneously |
| Central Management | Operated centrally for all 3500+ branches with zero downtime. |
| Challenges | Achievement |
| First in India | This platform is the first to effectively manage digital gold trade |
| IMPS Integration | Collaborated with third-party banks for seamless transactions |
| Fast Delivery | The project was completed in just 2.5 months, significantly faster than the 8 months estimated by the client’s in-house team |
Conclusion
The Digi Gold platform revolutionizes the way customers can buy and sell gold by providing a user-friendly, digital solution that simplifies transactions and enhances accessibility for everyone.
