MUMBAI, India, Oct. 26 -- Intellectual Property India has published a patent application (202641122948 A) filed by Ms. V Saraswathi; Ms. N R G Sreevani; Ms Belshia Jebamalar G; and S. A. Engineering College on October 14, 2026, for Group-Based Payment Transaction System.
Inventors include Ms. V Saraswathi; Ms. N R G Sreevani; and Ms Belshia Jebamalar G.
The application for the patent was published on October 23, 2026, under issue no. 43/2026.
Abstract: Abstract— In this digital financial ecosystem age, peer, to, peer and group, based payment transactions have become a very basic requirement. The current payment systems mostly support one, to, one transaction only and are void of efficient mechanisms to handle multi, user fund distributio...