NetPay International (NTPY) 10-KT 8 Nov 21 2020 FY Annual report (with FYE transition) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	9 Months Ended
	Dec. 31, 2020	Oct. 12, 2021	Sep. 30, 2020
Cover [Abstract]
Entity Registrant Name	NetPay International Inc
Entity Central Index Key	0001689490
Document Type	10-KT
Document Transition Report	true
Document Period End Date	Dec. 31, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Entity Public Float			$ 729,463
Entity Common Stock, Shares Outstanding		27,633,700
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Mar. 31, 2020
CURRENT ASSETS:
Cash	$ 120,741	$ 619,338
Prepaid expense	19,618	30,207
Total Current Assets	140,359	649,545
Fixed assets	1	1
TOTAL ASSETS	140,360	649,546
CURRENT LIABILITIES:
Accounts payable	57,896	66,164
Accrued expense	45,315
Loans - non-related parties
Loan - related party	451,023	837,373
TOTAL LIABILITIES	554,234	903,537
STOCKHOLDERS' EQUITY (DEFICIT):
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized; 8,025,000 shares issued and outstanding as of December 31, 2020 and March 31, 2020	8,025	8,025
Additional paid in capital	23,201	23,201
Retained deficit	(445,100)	(285,217)
Total NetPay International, Inc. stockholders' equity (deficit)	(413,874)	(253,991)
Non-controlling interest in subsidiary
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(413,874)	(253,991)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 140,360	$ 649,546

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2020	Mar. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	8,025,000	8,025,000
Common stock, shares outstanding	8,025,000	8,025,000

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Revenue	$ 130,614
COGS	83,213
Gross profit	47,401
Expenses:
Depreciation expense			34
Product development costs			6,643
Rent, insurance and other occupancy costs	73,258	21,012
Legal and other professional fees	14,450	172,743
Consulting and other administrative costs	83,844	12,585	38,820
Total operating expenses	171,552	206,340	45,497
Other Income/(Expense):
Gain on sale of assets			9,748
Debt forgiveness			211,162
Interest expense	20,067	5,988
Interest expense - related party	23,170	15,847
Interest income	(7,505)	(3,608)
Total other income (expense)	35,732	18,227	220,910
Loss before provision for income taxes	(159,883)	(224,567)	175,413
Provision for income tax		800	800
Net Loss	$ (159,883)	$ (225,367)	$ 176,213
Basic and diluted income/(loss) per share	$ (0.02)	$ (0.03)	$ 0.02
Weighted average common shares outstanding - basic and diluted	8,025,000	8,025,000	8,025,000

Statement of Stockholders' Equi

Statement of Stockholders' Equity (Retained Deficit) - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Deficit [Member]	Total
Beginning balance at Mar. 31, 2018	$ 8,025	$ 22,001	$ (234,463)	$ (204,437)
Beginning balance, shares at Mar. 31, 2018	8,025,000
Related party debt forgiveness - additional paid in capital		1,200		1,200
Net income			174,613	176,213
Ending balance at Mar. 31, 2019	$ 8,025	23,201	(59,850)	(28,624)
Ending balance, shares at Mar. 31, 2019	8,025,000
Net income			(225,367)	(225,367)
Ending balance at Mar. 31, 2020	$ 8,025	23,201	(285,217)	(253,991)
Ending balance, shares at Mar. 31, 2020	8,025,000
Net income			(159,883)	(159,883)
Ending balance at Dec. 31, 2020	$ 8,025	$ 23,201	$ (445,100)	$ (413,874)
Ending balance, shares at Dec. 31, 2020	8,025,000

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Mar. 31, 2020	Mar. 31, 2019
CASH FLOW FROM OPERATING ACTIVITIES:
Net income/(loss)	$ (159,883)	$ (225,367)	$ 176,213
Depreciation and amortization expense			34
Gain from sale of assets			(9,748)
Debt forgiveness			(211,162)
Adjustments to reconcile net loss to cash (used in) operating activities:
Change in prepaid expense	10,589	(28,456)	(1,677)
Change in accounts payable	(8,268)	62,863	11,600
Change in accrued expense	45,315	(1,600)
Net Cash Provided by (Used in) Operating Activities	(112,247)	(192,560)	(36,340)
CASH FLOW FROM INVESTING ACTIVITIES
CASH FLOW FROM FINANCING ACTIVITIES:
Loan proceeds from related party	(386,350)	798,000	39,573
Loan repayment to nonrelated parties			(500)
Loan proceeds from nonrelated parties			6,179
Net Cash Provided by (Used In) Financing Activities	(386,350)	798,000	45,252
CHANGE IN CASH	(498,597)	605,440	8,912
CASH AT BEGINNING OF PERIOD	619,338	13,898	4,986
CASH AT END OF PERIOD	120,741	619,338	13,898
Cash paid for:
Interest
Income taxes		1,600	800
Non-cash investing and financing activities:
Vendor account payment for fixed asset and intangible assets			10,000
Additional paid in capital adjustment from debt forgiveness by related party shareholder			$ 1,200

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION Organization - NetPay International, Inc. (formerly known as Allegro Beauty Products, Inc.) (“Company”) was incorporated under the laws of the State of Nevada on March 31, 2016. The Company issued 5,500,000 shares of its common stock to its founder at inception in exchange for organizational services. On August 29, 2018, the Company experienced a change in control (“Change in Control”). With the Change in Control certain liabilities of the Company were forgiven and/or paid for by our founder and former president and chief executive officer. Total liabilities at the time approximated $225,000. The board of directors nominated Mr. Alon Elbaz to the board on August 29, 2018. Concurrently our founder and former president and chief executive officer resigned from the board of directors and from all executive positions within the Company. On August 29, 2018, Mr. Elbaz was appointed as Chief Executive Officer to the Company. Mr. Elbaz serves in the same capacity for the Company’s majority shareholder, Compunet Holdings AA Ltd., an international Israeli-based business. On September 17, 2018, the board of directors and a majority of our shareholders approved the name change from Allegro Beauty Products, Inc. to NetPay International, Inc. The effective date of the name change was November 7, 2018. On December 5, 2018, the Company launched its Delaware subsidiary, NetPay (USA), Inc., to act as an independent sales organization (ISO) to seek opportunities related to the provision to merchants of merchant’s credit card acquiring clearing, and other value-added services. The services provided by NetPay (USA), Inc. will be different than the payment facilitation business, which will be the core business of the Company. The Company owns ninety percent (90%) of NetPay (USA), with the remaining ten percent (10%) owned by two experienced executives in the credit card services industry. Plan of Operations – The Company plans to build a payment facilitator model for streamlining merchant services within the U.S. as well as partnering with Netpay Europe’s well-established international business. As a payment facilitator, the Company will eliminate the need for individual merchants to establish a traditional merchant account. In the payment facilitator model, a software provider registers with an acquirer to provide payment services to sub-merchants that utilize its software. By registering as a payment facilitator with an acquirer, the software provider acts as a “master” merchant account provider, including the onboarding of sub-merchants under its own account in order to facilitate payment transactions for the sub-merchants. Risks and Uncertainties – The Company has not yet obtained a license to operate in the United States as a payment facilitator and has not yet commercially launched the offering of the Company’s services. There can be no assurance that the Company will obtain a payment facilitator license or that the Company’s services will gain broad acceptance among prospective customers or users. In addition, one of the greatest challenges to the Company’s payment facilitator model is the level of responsibility the Company will be required to assume with the acquirer. This includes greater liability for fraud, chargebacks, and data breaches, and the ability to meet compliance mandates and ever-changing regulatory rules. Basis of Presentation – The financial statements are prepared using the accrual method of accounting. The Company elected a March 31st, year-end. The consolidated financial statements include the accounts of the Company and its majority-owned subsidiary. All intercompany accounts and transactions have been eliminated in consolidation. The accompanying consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) set forth in Article 8 of Regulation S-X. The accompanying consolidated financial statements include the accounts of NetPay International, Inc. and its majority-owned subsidiary, after elimination of intercompany accounts and transactions. The Company consolidates its majority-owned subsidiary and investments in entities in which the Company has a controlling interest. For the consolidated majority-owned subsidiary in which the Company owns less than 100%, the Company recognizes a non-controlling interest for the ownership of the non-controlling owners. Non-controlling interests are immaterial for all the periods presented. Any amount would be included in interest and other, net in the consolidated statement of operations, of which there are none for each of the periods presented. The Company in the future may have certain non-majority-owned equity investments in non-publicly traded companies that are generally accounted for using the equity method of accounting. The equity method of accounting generally will be used when the Company has the ability to significantly influence the operating decisions of the business entity, or if the Company has a voting percentage of the corporation equal to or generally greater than 20% but less than 50%, and for non-majority-owned investments in partnerships where ownership is generally greater than 5%. The equity in earnings (losses) of equity method investees which are considered immaterial for periods presented, will be included in interest and other, net in the consolidated statements of operations of which there are none for the periods presented.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Cash Equivalents - For purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. The Company during the twelve months ended December 31, 2020 purchased a 12-month certificate of deposit with the same financial institution that provided the Standby Letter of Credit. The certificate of deposit earns interest at 1.5% per annum. Total certificates of deposit amount were $501,000. The Company recognized interest income of $7,505 for the twelve months ended December 31, 2020. The Company maintains cash and cash equivalent balances with a financial institution in the United States in excess of amounts insured by the Federal Deposit Insurance Corporation. b. Stock-based Compensation - The Company follows ASC 718-10, Stock Compensation, which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized. The Company has not adopted a stock option plan and has not granted any stock options. c. Use of Estimates and Assumptions - Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. The Company adopted the provisions of ASC 260. d. Earnings (Loss) per Share - The basic earnings (loss) per share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. e. Property and Equipment Capitalization Policies - Property and equipment is stated at cost and depreciated over the estimated useful life of the asset using the straight-line method. Amortization of leasehold improvements is computed on the straight-line method over the shorter of the lease term or estimated useful life of the asset. Maintenance and repairs are charged to operations as incurred. When assets are sold, or otherwise disposed of, cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. f. Income Taxes - Income taxes are provided in accordance with ASC 740, Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. No provision was made for Federal income tax. g. Revenue Recognition - The Company will recognize revenue when products are fully delivered, or services have been provided and collection is reasonably assured. h. Impairment of Long-Lived Assets - The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. i. Advertising - Advertising is expensed in the period in which it is incurred. There has been no advertising expense in the reporting period presented. j. Intangible Assets - Intangible assets with finite lives are amortized over their estimated useful life. The Company monitors conditions related to these assets to determine whether events and circumstances warrant a revision to the remaining amortization period. The Company tests its intangible assets with finite lives for potential impairment whenever management concludes events or changes in circumstances indicate that the carrying amount may not be recoverable. The original estimate of an asset’s useful life and the impact of an event or circumstance on either an asset’s useful life or carrying value involve significant judgment. k. Recently Issued Accounting Pronouncements - The Company reviewed recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements. l. Concentration of credit risk - Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consists primarily of cash and cash equivalents. The Company maintains cash and cash equivalent balances with financial institution in the United States in excess of amounts insured by the Federal Deposit Insurance Corporation. m. Going Concern Alleviation - The accompanying financial statements have been prepared assuming that the Company no longer has a going concern issue. As of December 31, 2020, the Company has no committed sources of capital or financing besides the $450,000 in funding from the Company’s majority shareholder (see Note 4 – Loans – Related Party). The Company’s majority shareholder and its verbal commitment to fund the execution of the Company’s business plan, however, make the going concern issue no longer relevant. Management believes the actions recently taken by the Company to implement its business plan and the entering into a payment facilitator merchant agreement provides the basis for long term revenue production. Company’s management believes that with the continued and substantial financial support of and the backing from its majority shareholder, financing will become available to support its expansion plan. Company’s management believes that with the assistance and guidance of the majority shareholder, the Company will be in a position to thrive.

Share Capital

Share Capital	9 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Share Capital	NOTE 3 - SHARE CAPITAL The Company has 100,000,000 shares of common stock authorized; par value $0.001 per share. The Company has 10,000,000 shares of blank check preferred stock authorized; par value $0.001 per share. The blank check preferred stock may be designated into one or more series, from time to time, by the Company’s Board of Directors by filing a certificate pursuant to NRS Chapter 78. The Company issued 5,500,000 shares of its common stock to its founder for organizational services, which were valued at $5,500. The Company filed a registration statement declared effective by the Securities and Exchange Commission on June 27, 2017. The Company solicited investors for a total investment of $55,000. The Company sold 2,750,000 shares of its common stock to 30 investors who paid $0.02 per share. 225,000 shares were returned to treasury by certain shareholders for no consideration during March 2018. The Company recognized a reduction in common stock of $225 and an increase of $225 to additional paid in capital.

Loans - Related Party and Relat

Loans - Related Party and Related Party Transactions	9 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Loans - Related Party and Related Party Transactions	NOTE 4 - LOANS - RELATED PARTY AND RELATED PARTY TRANSACTIONS With the Change in Control (see Note 1 – Organization and Basis of Presentation) the Company’s founder and former officer and director, settled certain outstanding debts of the Company resulting in forgiveness of that debt; the Company recognized a one-time increase to additional paid in capital of $1,200 for this related party transaction. This occurred on or about August 29, 2018. At December 31, 2020, there are 8,025,000 shares of common stock issued and outstanding. There are no shares of blank check preferred stock issued or outstanding. During the nine months ended December 31, 2020, the Company repaid approximately $386,000 to its majority shareholder. As of December 31, 2020, loans from related party were $451,023(see Note 10 – Subsequent events) and $837,373 as of March 31, 2020. Approximately $57,000 of that short-term funding is unsecured and bears no interest or repayment terms. On October 10, 2019, the Company and its majority shareholder, Compunet, entered into a formal note payable agreement in the amount $780,000. The related party loan bears interest at the Israel Bank Prime Rate plus 2.45% per annum, compounded annually. Interest shall accrue at a rate of 4.20% per annum until repayment. The loan is due and payable on December 31, 2020. The Company recorded related party interest expense of $23,170 for the nine months ended December 31, 2020 and includes the related party interest payable in its account payable, with a balance due as of December 31, 2020 of $23,170. The Company had entered into a verbal month-to-month consulting arrangement with its former Chief Financial Officer. Services were rendered through a corporate entity owned 50% by our former Chief Financial Officer. That corporate entity was located in Israel and services were settled in USD as determined as the functional currency for payment. The total services fee due for the fiscal year ending March 31, 2020 was $54,423. The Company as of March 31, 2020 included a related party payable for these services of $13,876; this amount is included its accounts payable balance. With the Change in Control (see Note 1 – Organization and Basis of Presentation), the Company’s founder settled certain outstanding debts of the Company resulting in forgiveness of that debt; the Company recognized a one-time increase to additional paid in capital of $1,200 for this related party transaction. This transaction was completed during the twelve months ended March 31, 2019.

Loans - Nonrelated Parties

Loans - Nonrelated Parties	9 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Loans - Nonrelated Parties	NOTE 5 - LOANS - NONRELATED PARTIES Prior to the fiscal year ending March 31, 2019, the Company had loans from non-related parties of which none were outstanding as of March 31, 2019 or March 31, 2020. Prior loans were unsecured and carried no interest rate or specific repayment terms. With the Change in Control (see Note 1 – Organization and Basis of Presentation), the Company’s founder guaranteed the settlement of certain outstanding debts resulting in forgiveness of that debt; the Company recognized debt forgiveness of $63,300 related to the non-related party loans. This occurred on or about August 29, 2018. This transaction was completed during the twelve months ended March 31, 2019.

Debt Forgiveness and Gain on Sa

Debt Forgiveness and Gain on Sale of Assets	9 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt Forgiveness and Gain on Sale of Assets	NOTE 6 – DEBT FORGIVENESS AND GAIN ON SALE OF ASSETS With the Change in Control (see Note 1 – Organization and Basis of Presentation), the Company’s founder guaranteed the settlement of certain outstanding debts resulting in forgiveness of that debt; the Company recognized total debt forgiveness of $211,100. This occurred on or about August 29, 2018. In total the Company recognized a reduction in vendor accounts payable of $147,800 and non- related party loans of $63,300. No consideration was paid by the Company for this debt forgiveness. In connection with the Change in Control (see Note 1 – Organization and Basis of Presentation) the Company’s founder guaranteed the settlement of certain debts resulting in the sale of certain assets in exchange for an account payable of $10,000. This resulted in the Company recognizing a gain on sale of assets of $9,700. These assets consisted of certain intellectual property of the Company and any fixed assets that had been fully depreciated on the date of sale. This transaction completed during the twelve months ended March 31, 2019.

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 - INCOME TAXES As of December 31, 2020, and March 31, 2020, the Company had a net operating loss (“NOL”) carry-forward of $445,100 and $285,217, respectively. The NOL carryforwards may be available to reduce future years’ taxable income. As of December 31,2020 As of March 31,2020 Deferred tax assets: Net operating ta carryforwards $ 93,471 $ 59,896 Other - - Gross deferred tax assets 93,471 59,896 Valuation allowance (93,471 ) (59,896 ) Net deferred tax assets $ - $ - The realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance equal to the deferred tax asset. Reconciliation between statutory rate and effective tax rate for both periods presented and as of December 31, 2020 was: Federal statutory rate (21.0 )% State taxes, net of federal benefit (0.00 )% Change in valuation allowance 21.0 % Effective tax rate 0.0 % Effective income tax rate and the new tax law - Our effective income tax rate was (0.0%) for the periods presented. The effective income tax rate for the periods was based upon the estimated rate applicable for the fiscal year adjusted to reflect any significant items related specifically to an interim period. On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”) was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%. Based on the provisions of the Act, we re-measured our deferred tax liabilities and adjusted our estimated annual federal income tax rate to incorporate the lower corporate tax rate into our tax provision for the current quarter as any change represents a discrete item for purposes of income tax accounting. The re- measurement of deferred tax liabilities at the lower corporate tax rate resulted in no difference in income tax expense. On March 22, 2021, the company received penalty notice in the amount of $15,130 from IRS authority regarding to tax period March 31,2019. This penalty is currently examined by the company management in order to confirm its relevancy. The penalty hasn’t been paid yet.

Significant Agreements and Prep

Significant Agreements and Prepaid Expense - SBLC Fee	9 Months Ended
	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Significant Agreements and Prepaid Expense - SBLC Fee	NOTE 8 – SIGNIFICANT AGREEMENTS AND PREPAID EXPENSE – SBLC FEE On October 11, 2019, the Company entered into an agreement with a commercial bank to issue a standby letter of credit on behalf of the Company to WorldPay, LLC (“WorldPay”) for $500,000 allowing the Company to provide payment facilitator merchant services in the continental United States through WorldPay. The standby letter of credit is valid until cancelled or maturity and is collateralized by a revolving credit facility with the bank. The terms of the letter of credit are extended for a term of one year at a time. The Company intends to renew the standby letter of credit for as long as the Company continues to do business with WorldPay in the USA. No amounts have been drawn under the standby letter of credit. The Company funded the initial $500,000 with Bank Leumi, its commercial bank of record. The Company incurred a fee of approximately $12,600 in connection with the standby letter of credit. The Company amortizes the fee associated with the standby letter of credit over 12 months. The Company had a remaining balance associated with that fee at March 31, 2020 of $6,662. This amount is included in prepaid expense and other. The Company recognizes approximately $1,040 per month until maturity. On October 16, 2019, the Company entered into a long-term Payment Facilitator Merchant Agreement with WorldPay, LLC, pursuant to which the Company may process an unlimited amount of credit card transactions, subject to the terms of the agreement on fees, chargebacks, and other costs associated with the business and the agreement. According to the agreement, WorldPay will provide sponsorship services to the Company, and the Company will be registered through WorldPay as a Visa third-party agent and a MasterCard service provider. The sponsorship services allow the Company to route transactions under WorldPay’s membership in order to clear card transactions through MasterCard, Visa and other networks. On March 26, 2020 the Company entered into an Affiliate Partner Agreement with Network Merchants LLC (“NMI”). The Company may access and use NMI’s FACe Platform for payment facilitation and processing. The FACe platform is a sophisticated unified commerce platform that operates on a sub-merchant basis such that each merchant is not required to obtain its own Merchant Identification Number (MID). On March 24, 2020 the Company entered into a PROFAC Agreement with ProPay, Inc. (“ProPay”). This agreement allows the Company to (a) refer clients to ProPay and for them to participate in ProPay’s transaction processing program in relation to financial services cards issued by MasterCard International Incorporated, Visa U.S.A. Inc., American Express Travel Related Services Company, Inc., and DFS Services LLC, and as well (b) incorporate ProPay’s transaction processing program into the Company’s own service offerings. ProPay deducts its fees from proceeds received from referred clients and remits the residual amount to the Company. This agreement allows the Company to provide its clients the ability to clear card transactions through MasterCard, Visa and other international financial networks.

Deferred Offering Costs

Deferred Offering Costs	9 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Deferred Offering Costs	NOTE 9 - DEFERRED OFFERING COSTS Deferred offering costs consisted primarily of accounting fees, legal fees and other fees incurred that were directly related to our public offering. Deferred offering costs were netted against the proceeds of the public offering. Deferred offering costs of $30,474 were offset against additional paid in capital upon the closing of the public offering. For both periods presented ending December 31, 2020 and March 31, 2020 deferred offering costs were none and none.

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 10 - SUBSEQUENT EVENTS In accordance with ASC 855, Subsequent Events On January 01, 2021 Compunet Holdings A.A. Ltd Sold its holding in NetPay International Inc. To BNC Technologies LTD, for $ 250,000. On January 01, 2021 NetPay International Inc. acquired from BNC Holdings LTD an operating license for clearing technology (online payment gateway solutions) for $ 1,000,000 which will be paid in cash or in shares (by share value on the payment day) until the end of the year. the acquire agreement allows BNC to request payment within 14 days’ notice. On January 11, 2021 the board of Directors of Compunet Holdings A.A. Ltd, decided to send an application to NetPay International Inc. to Repay debt of $ 451,000 directly to their controlling shareholder, Mr. Alon Elbaz. On January 11, 2021 NetPay International Inc. signed an agreement with Mr. Alon Elbaz to convert debt of $ 451,000 into shares, at a share value of $ 0.023. For this purpose, the company issued 19,608,700 new shares. On September 09, 2021 Compunet Holdings A.A. Ltd. transfers 5,500,000 shares to BNC Holdings LTD. BNC Technologies LTD and Compunet Holdings A.A. Ltd controlled by Mr. Alon Elbaz.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Cash Equivalents	a. Cash Equivalents - For purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. The Company during the twelve months ended December 31, 2020 purchased a 12-month certificate of deposit with the same financial institution that provided the Standby Letter of Credit. The certificate of deposit earns interest at 1.5% per annum. Total certificates of deposit amount were $501,000. The Company recognized interest income of $7,505 for the twelve months ended December 31, 2020. The Company maintains cash and cash equivalent balances with a financial institution in the United States in excess of amounts insured by the Federal Deposit Insurance Corporation.
Stock-based Compensation	b. Stock-based Compensation - The Company follows ASC 718-10, Stock Compensation, which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized. The Company has not adopted a stock option plan and has not granted any stock options.
Use of Estimates and Assumptions	c. Use of Estimates and Assumptions - Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. The Company adopted the provisions of ASC 260.
Earnings (Loss) per Share	d. Earnings (Loss) per Share - The basic earnings (loss) per share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.
Property and Equipment Capitalization Policies	e. Property and Equipment Capitalization Policies - Property and equipment is stated at cost and depreciated over the estimated useful life of the asset using the straight-line method. Amortization of leasehold improvements is computed on the straight-line method over the shorter of the lease term or estimated useful life of the asset. Maintenance and repairs are charged to operations as incurred. When assets are sold, or otherwise disposed of, cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations.
Income Taxes	f. Income Taxes - Income taxes are provided in accordance with ASC 740, Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. No provision was made for Federal income tax.
Revenue Recognition	g. Revenue Recognition - The Company will recognize revenue when products are fully delivered, or services have been provided and collection is reasonably assured.
Impairment of Long-Lived Assets	h. Impairment of Long-Lived Assets - The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.
Advertising	i. Advertising - Advertising is expensed in the period in which it is incurred. There has been no advertising expense in the reporting period presented.
Intangible Assets	j. Intangible Assets - Intangible assets with finite lives are amortized over their estimated useful life. The Company monitors conditions related to these assets to determine whether events and circumstances warrant a revision to the remaining amortization period. The Company tests its intangible assets with finite lives for potential impairment whenever management concludes events or changes in circumstances indicate that the carrying amount may not be recoverable. The original estimate of an asset’s useful life and the impact of an event or circumstance on either an asset’s useful life or carrying value involve significant judgment.
Recently Issued Accounting Pronouncements	k. Recently Issued Accounting Pronouncements - The Company reviewed recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements.
Concentration of Credit Risk	l. Concentration of credit risk - Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consists primarily of cash and cash equivalents. The Company maintains cash and cash equivalent balances with financial institution in the United States in excess of amounts insured by the Federal Deposit Insurance Corporation.
Going Concern Alleviation	m. Going Concern Alleviation - The accompanying financial statements have been prepared assuming that the Company no longer has a going concern issue. As of December 31, 2020, the Company has no committed sources of capital or financing besides the $450,000 in funding from the Company’s majority shareholder (see Note 4 – Loans – Related Party). The Company’s majority shareholder and its verbal commitment to fund the execution of the Company’s business plan, however, make the going concern issue no longer relevant. Management believes the actions recently taken by the Company to implement its business plan and the entering into a payment facilitator merchant agreement provides the basis for long term revenue production. Company’s management believes that with the continued and substantial financial support of and the backing from its majority shareholder, financing will become available to support its expansion plan. Company’s management believes that with the assistance and guidance of the majority shareholder, the Company will be in a position to thrive.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	As of December 31,2020 As of March 31,2020 Deferred tax assets: Net operating ta carryforwards $ 93,471 $ 59,896 Other - - Gross deferred tax assets 93,471 59,896 Valuation allowance (93,471 ) (59,896 ) Net deferred tax assets $ - $ -
Schedule of Statutory Rate and Effective Tax Rate	Reconciliation between statutory rate and effective tax rate for both periods presented and as of December 31, 2020 was: Federal statutory rate (21.0 )% State taxes, net of federal benefit (0.00 )% Change in valuation allowance 21.0 % Effective tax rate 0.0 %

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details Narrative) - USD ($)	9 Months Ended
	Dec. 31, 2020	Mar. 31, 2020	Dec. 05, 2018	Aug. 29, 2018
Entity, state or country code	NV
Entity, date of incorporation	Mar. 31, 2016
Number of shares issued for services	5,500,000
Total liabilities	$ 554,234	$ 903,537		$ 225,000
Ownership percentage			90.00%
Two Experienced Executives [Member]
Ownership percentage			10.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2020USD ($)
Deposit interest rate	1.50%
Deposit amount	$ 501,000
Interest income	7,505
Majority Shareholder [Member]
Capital	$ 450,000

Share Capital (Details Narrativ

Share Capital (Details Narrative) - USD ($)	Jun. 27, 2017	Dec. 31, 2020	Mar. 31, 2020	Aug. 29, 2018
Common stock, shares authorized		100,000,000	100,000,000
Common stock, par value		$ 0.001	$ 0.001
Preferred stock, shares authorized		10,000,000	10,000,000
Preferred stock, par value		$ 0.001	$ 0.001
Number of shares issued for services		5,500,000
Number of shares issued for services, value		$ 5,500
Increase in additional paid in capital				$ 1,200
Solicited Investors [Member]
Total investment	$ 55,000
30 Investors [Member]
Number of shares sold	2,750,000
Sales price per share	$ 0.02
Number of shares returned, treasury stock	225,000
Reduction in common stock	$ 225
Increase in additional paid in capital	$ 225

Loans - Related Party and Rel_2

Loans - Related Party and Related Party Transactions (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Mar. 31, 2020	Oct. 10, 2019	Dec. 05, 2018	Aug. 29, 2018
Increase in additional paid in capital					$ 1,200
Common stock, shares issued	8,025,000	8,025,000
Common stock, shares outstanding	8,025,000	8,025,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Ownership percentage				90.00%
Majority Shareholder [Member]
Repayment of related party debt	$ 386,000
Due from related parties	451,023	$ 837,373
Short-term funding		57,000
Majority Shareholder [Member] | Note Payable Agreement [Member]
Loans payable			$ 780,000
Interest rate			2.45%
Interest accure rate			4.20%
Interest expense	23,170
Interest payable	$ 23,170
Chief Financial Officer [Member]
Ownership percentage			50.00%
Services fee		54,423
Related party payable for services		$ 13,876

Loans - Nonrelated Parties (Det

Loans - Nonrelated Parties (Details Narrative)	Aug. 29, 2018USD ($)
Related Party Transactions [Abstract]
Non- related party loans	$ 63,300

Debt Forgiveness and Gain on _2

Debt Forgiveness and Gain on Sale of Assets (Details Narrative) - USD ($)	Aug. 29, 2018	Dec. 31, 2020	Mar. 31, 2020	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt forgiveness	$ 211,100
Reduction in vendor accounts payable	147,800
Non- related party loans	63,300
Account payable	10,000
Gain on sale of assets	$ 9,700			$ 9,748

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	Mar. 22, 2021	Dec. 22, 2017	Dec. 31, 2020	Mar. 31, 2020
Net operating loss			$ 445,100	$ 285,217
Effective income tax rate			0.00%
Federal statutory corporate tax rate			21.00%
Penality amount	$ 15,130
Maximum [Member]
Federal statutory corporate tax rate		35.00%
Minimum [Member]
Federal statutory corporate tax rate		21.00%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2020	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Net operating tax carryforwards	$ 93,471	$ 59,896
Other
Gross deferred tax assets	93,471	59,896
Valuation allowance	(93,471)	(59,896)
Net deferred tax assets

Income Taxes - Schedule of Stat

Income Taxes - Schedule of Statutory Rate and Effective Tax Rate (Details)	9 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal statutory rate	(21.00%)
State taxes, net of federal benefit	(0.00%)
Change in valuation allowance	21.00%
Effective tax rate	0.00%

Significant Agreements and Pr_2

Significant Agreements and Prepaid Expense - SBLC Fee (Details Narrative) - USD ($)	Oct. 11, 2019	Dec. 31, 2020	Mar. 31, 2020
Line of credit		$ 1,040
Remaining balance fee of line of credit			$ 6,662
WorldPay, LLC [Member]
Line of credit	$ 500,000
Standby letter of credit	12,600
Bank Leumi [Member]
Repayment of bank debt	$ 500,000

Deferred Offering Costs (Detail

Deferred Offering Costs (Details Narrative) - USD ($)	Dec. 31, 2020	Mar. 31, 2020
Retirement Benefits [Abstract]
Deferred offering costs

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Sep. 09, 2021	Jan. 11, 2021	Jan. 02, 2021	Dec. 31, 2020	Mar. 31, 2020	Mar. 31, 2019
Repayment of debt						$ 500
Subsequent Event [Member] | BNC Technologies LTD [Member]
Proceeds from Sale of Interest in Partnership Unit			$ 250,000
Payment to related party			$ 1,000,000
Repayment of debt		$ 451,000
Transfer of shares	5,500,000
Subsequent Event [Member] | NetPay International Inc [Member] | Alon Elbaz [Member]
Shares issued, amount		$ 451,000
Shares issued, shares		19,608,700
Share price		$ .023