mWallet Digital Wallet (Pre-Paid eWallet)

Digital Wallet (Pre-Paid eWallet)

Digital Wallet or eWallet or Pre-Paid payment instrument is a flexible and cost-efficient cashless solution for retail payment.
The Open-loop solution usually operates on electronic or mobile money, closed-loop solution, such cases as Mono-Purpose Pre-Paid cards, Pre-Paid dedicated account or vouchers.
eWallet allows extending own payment business without starting from the scratch.

Key Digital Wallet elements

Digital Wallet solution may consists of

Processing platform that allows to issue and manage pre-paid instruments like electronic or mobile money
Variety of interfaces for end-users (customers): mWallet (mobile App for iOS and Android), web interface, OTP or USSD access to the wallet
Variety of interfaces for merchants: QR POS (business mobile App for iOS and Android), web interface
Administrative panel for Digital Wallet operator, customer support team, technical team, merchants and partners

Main wallet types

Customer wallet – end-users’ pre-paid payment tool to make payments and transfers
Merchant wallet – payment tool for receiving money from the end-users
Agent wallet – an instrument for cash agents to convert cash into e-money and backwards (allows end-users to top up and withdrawal from eWallet)
Issuer wallet – for e-money issuer

Basic transaction types

Credit transaction (Cash-in) – wallet top-up of a specified amount
Debit transaction (Cash-out) – money withdrawal from the wallet
Pre-authorization – reservation of funds on the wallet
Refund – a reversal of a prior debit transaction

Payment tools for eWallet top up and withdrawal

Cash
Variety of existing wallets on the particular market
Credit and Debit Cards: international (Visa and MasterCard) or local (for international cards we may link with MasterPass or Visa Checkout solution or with any PCI DSS compliant partner to store card credentials)
Banking accounts – we may link directly with particular banks or with any payment gateway

eWallet set up and configuration

Limits management allows being in line with local legal restrictions (define maximum eWallet balance, monthly turnover etc.)
Fees and commissions management allow to determine an exact flow of cash from eWallet transactions
Multicurrency option allows to set up wallets in different currencies
Exchange rates management allows managing international remittance

Key Digital Wallet functions

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  • Payments (QR* and NFC)

  • In-App Payments
  • On-Line Payments
  • In-Store Payments

  • *we may use Masterpass and Masterpass QR technologies
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  • Money Transfers

  • Domestic
  • International
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  • Invoicing

  • P2P money request
  • Merchant invoice directly to the App
  • Bills from Service Providers

The best business cases with Digital Wallet

Banking & Financial Industry
Banking & Financial Industry

Mobile Wallet App for bank clients and unbanked population.

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FMCG & E-commerce
FMCG & E-commerce

Customers will order the goods through your branded app and make instant payments via mobile wallet.

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Postal Industry
Postal Industry

Mobile Wallet App for Postal Operators for cash acceptance process optimization.

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Cryptocurrency & Blockchain
Cryptocurrency & Blockchain

CrMobile Wallet App to manage different cryptocurrencies and create you own one.

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