What is PayShri?
PayShri builds trust by holding payments securely until work is completed or products are delivered. Ideal for freelancers, individuals, and anyone buying or selling digital or physical goods in India.
Problem
Users conducting online transactions face payment fraud, disputes, and lack of trust due to direct payments without secure intermediaries, leading to financial losses and transaction hesitations.
Solution
A secure escrow payment tool that holds funds until both parties confirm delivery/completion, enabling safe transactions for digital/physical goods. Example: Freelancers release payments only after client approval.
Customers
Freelancers, small business owners, and individuals in India engaging in peer-to-peer sales, digital service contracts, or high-value item transactions requiring trust assurance.
Unique Features
Localized compliance for Indian payment regulations, support for both digital and physical goods, and automated dispute resolution workflows.
User Comments
Solves payment trust issues in freelance projects
Easy integration for local transactions
Reduces scams in online selling
Quick dispute resolution process
Supports UPI and bank transfers
Traction
Launched in 2023 with 1,500+ active users, featured on ProductHunt with 280+ upvotes. Partnered with 3 Indian payment gateways; processing ₹2.8M monthly escrow volume.
Market Size
India's digital payment market is projected to reach $500 billion by 2026 (NPCI), with 70% of SMEs requiring escrow-like solutions for cross-border transactions.
