Mobile Wallet

Let you make payments with your smartphone

E-wallet is like payment cards that work out of an app. You load funds into a virtual wallet, and then use those funds to pay for goods and services.

How this works varies across the types of e-wallets. Some use QR code scanning to establish connections between customers and merchants in the real world, while others are only confined to internet transactions.

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Why do you need it

Benefits of Going Cashless

Reduced costs and business risks
Cashless payments eliminate several business risks at a time such as theft of cash by employees, counterfeit money, and robbery of cash. Moreover, it also reduces costs of security, withdrawing cash from bank, transporting, and counting.
Transaction speed
Making cash payments is time consuming for customers as well as the merchant or employee. That’s the reason why many businesses have decided to go cashless so that they can leverage faster transactions and increased efficiency.
Better compilation of economic data
All the cashless payments made are recorded financial transactions, which makes it easy for the government to track the movement of money through these records. These records also help them to track black money and other illegal transactions.
New Norm
Inline with going contactless and SOP during pandemic
Advantages

Mobile Wallet

Advanced Security

Mobile wallets are safer than carrying cash or credit card in your wallet. It’s because no one can access your vital information like credit card details as they are stored in the mobile wallet.

Lower Costs

Widespread use of mobile wallet transaction can eliminate cost of managing cash payment and credit card reconciliation. Owning and operating a wallet platform can also reduce the cost per transaction.

Additional Income

With sizeable adoption, the mobile wallet trust fund account can produce interest income. Although Central Bank prevents the use of such income for wallet operator, it can be used for welfare or to benefit the wallet users.

Wide Range of Application

Used for making various types of transactions like buying tickets for buses, trains, flights, making bill payments. Wallet operator can get additional income from processing these payments.

Fast & Convenience

Mobile wallets offers utmost convenience to their users by enabling them to complete transactions instantly. All a user has to do is make some few taps on their phone and they are done no more queuing up at counters.

Stimulate Commerce

With mobile wallet, there can be points collection, highlight of discounts/deals from merchants to promote awareness and spending locally.

App Features

Mobile Wallet

Wallet User On boarding
  • Simple registration with OTP
    (One time Password)
Wallet Top Up
  • Credit card
  • FPX
  • IOther wallet
QR code payment
  • Peer to peer
  • Merchant payment
Security
  • Cryptography
  • PIN authorization
  • Data Encryption
Merchant Module
  • Merchant On boarding
  • Settlement & reconciliation
Agent Module
  • Allows cash top up from agent
    (digital inclusion)
Reward Program
  • Loyalty points
  • Redemption/rebate
Fee Structure
  • Transaction fee for payment processing
Multiple Wallet/Currency
  • Supports multiple wallet within the same profile
  • Currency exchange rate
Flexible Deployment
  • White labelling
  • Customization
  • Integration/API ready
Features

E-Wallet Payment

Wallet User On boarding
  • Simple registration with OTP
    (One time Password)
QR code payment
  • Peer to peer
  • Merchant payment
Merchant Module
  • Merchant On boarding
  • Settlement & reconciliation
Reward Program
  • Loyalty points
  • Redemption/rebate
Multiple Wallet/Currency
  • Supports multiple wallet within the same profile
  • Currency exchange rate
Wallet Top Up
  • Credit card
  • FPX
  • IOther wallet
Security
  • Cryptography
  • PIN authorization
  • Data Encryption
Agent Module
  • Allows cash top up from agent
    (digital inclusion)
Fee Structure
  • Transaction fee for payment processing
Flexible Deployment
  • White labelling
  • Customization
  • Integration/API ready

Application Screenshot