A mobile wallet is a way to carry your credit card or debit card information in a digital form on your mobile device.
Mobile Wallet and Payments Platform
Mobile phones have the power of not only enabling financial inclusion but also making day to day transactions between two parties happen anytime, anywhere possible.
Users don’t just want simple banking transactions happening from the mobile phone but they would want to use their mobile phone as wallets through which they can easily do daily financial transaction very easily and securely.
Features
Provide banking facilities to your phone
Enable users to store some amount of wallet balance
Transfer balance in and out of the wallet
P2P Wallet balance transfer
Provide Wallet SDK for merchants to integrate with to enable them to accept payments on wallet balance
Provide value added services on the wallet like bills payments, ecommerce layer
Enabling payments at point of sale (POS) terminals
Personal Finance Manager on your phone, to maintain and track budgets for personal finance
Enhanced security – it is more secure than traditional card payments (both e-payments and POS payments) as it uses one-time generated pass codes for payment authorizations at runtime
Link multiple credit and debit cards into the wallet for payments