Back in 2014, G&R developed an internal wallet to handle transactions with advertisers, publishers, and agency partners. Soon we had to build the process to calculate the transaction in real-time, handle fraudulent activities and connect with different payment sources.
Utilizing that technology, we started planning to develop an independent wallet product. JossPay aimed to be the Bangladesh version of PayPal.
It took 2 long years to get the initial NOC (No Objection Certificate) to make the app public. By this time completion was already in the market and struggling to prove the business model. Also, MFS (Mobile Financial Services) was on the rise and made it harder to see any bright future for JossPay.