Mobile wallet makes an individual’s day to day transactions easy by providing him the ability to securely and conveniently manage personal finances, fund transfer, purchases and perform other transactions electronically using a NFC enabled device. It is based on NFC technology that supports a variety of Use-Cases for remote as well as proximity payments and can be linked with Bank Accounts/Credit Cards/Prepaid Accounts for making payments and many other utility solutions.
- It lets the users make bill payments, OTC payments, money transfer, purchases and many other user friendly functions through its “tap and pay”.
- Comprehensive business process support for both merchant & consumer aspects.
- Ability to issue bills, coupons and credit/debit cards over the air.
- Built-in security, encryption and easy instant access.
- Variety of consumer interfaces: Mobile Application, Web, SMS, IVR, STK, USSD.
- Single sign-on access to multiple vendors and systems.
- Loyalty and Coupon sub-accounts for a 360 degree Solution.
- Enhanced user experience with increased revenue and lower transaction cost.
- Supports a variety of Use Cases for remote as well as proximity payments. Can be linked with Bank Accounts/Credit Cards.
- New revenue streams - utility payment solutions (bill payments, money transfer, purchases).