MUMBAI, India, July 24 -- Intellectual Property India has published a patent application (202611058764 A) filed by Nims University Rajasthan, Jaipur on May 08, 2026, for System And Method For Deferred Group Payments.
Inventor includes Ankit Kumar.
The application for the patent was published on July 17, 2026, under issue no. 29/2026.
Abstract: A computer-implemented system (100) and method are disclosed for facilitating deferred and split payments for group travel bookings. The system (100) comprises a group creation and management module (104) configured to create a virtual group for a travel booking and enroll multiple users, and a group-level digital wallet (101) maintaining a non-custodial virtual ledger representing a total booking ...