Every corporate group deals with the following activities- mobile recharge/payment, flight booking, railways booking, hotel reservations and spends a sizeable amount of money in these activities.
Say, an online system be developed where each of the above mentioned activity can be done in-house, the payment option being other than credit card because credit card has certain limitations such as –credit card is issued in an individual’s name, involves transaction cost etc.
This online system will not only eliminate the use of credit card but also provide commission on various activities performed. For example if a mobile recharge be done, 2% of the recharge amount gets credited back to the corporate account and if a flight booking be done 5% of the ticket amount gets credited back to the corporate account. In this way, each activity involves some amount of savings by means of commissions being credited back.
I am conducting a research on level of acceptance of this concept to the Indian industry houses and need your valuable opinion on the following points –
a) What do you think of this system as a time saving tool?
b) What do you think of this system as a cost saving tool?
c) What do you think of this system as an alternate means to credit card usage?
d) Any other queries you may have with this system.
A detailed view point on each of the above would be highly appreciated.
