Mobile Wallet functions
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The document outlines a comprehensive platform for mobile wallets and e-wallets, detailing features such as micropayments, loyalty programs, and money transfers, aimed at enhancing customer experiences and monetizing transactional data. It describes various functionalities, including QR code payments, geolocation services, and a seamless user interface, catering to both consumers and merchants. Additionally, it emphasizes security protocols and the integration with global payment systems, offering businesses white-labeled solutions for quick market entry.
Mobile Wallet functions
- 2. e-Tickets Personal Finance Management Shopping and payments Loyalty and interaction with brands Money transfers and bills sharing Financial services (loans and deposits, insurance and more) Modern Mobile Wallets 2 …are not just about online access to cards and balances, there’s much more to it
- 3. Wallet Factory Payment and Transactional Platform All-in-one A wide variety of payment and marketing solutions united under one goal (creating unique offering for each customer basing on analysis of her transactional activity) and mobile interface Integrating the market Synergy through integrating merchants, service providers and customers within one ecosystem Unique Developing set of mobile payment and transaction solutions. Uniqueness in 4 dimensions: technological, geographical, temporal and marketing. Monetization of transactional data 3
- 4. Central Channel Control 4 Customers’ advantages: • Familiar interface, unified experience, seamless customer journey • Limitless freedom, the right payment or loyalty tool for every life situation MONEY IN THE CLOUD Payment Gateway Modules Clientoptions SystemApplication PrePaid Credit Card Bank account Loyalty E- wallet Payment/ Top up OTP … Web browser NFC iOS, Android PoS SMS/US SD Advantages for providers: • More points of contact with the customer, more monetization opportunities • Building brand strength and customer loyalty in multiple channels
- 6. Technological uniqueness 6 Technological uniqueness Maximum security of personal, payment and transactional data Technological commonality and interrelation of all solutions and platform components Tags+smart data storage+CRM=automated process to build customer loyalty Real-time communication with customers at the right time in the right place Exchanging digitalized values between merchants and customers in real time
- 7. Our Platforms – mWallet and eWallet
- 8. Products Overview Mobile Wallet mWallet eWallet mPOSQR POS New Provider’s Channel of service and distribution Contactless payments Additional payment tool for Provider 8 Provider’s acquiring business! Online store for mobile commerce
- 9. What is mWallet? 9 mWallet is a platform that allows Smartphone users to manage digitized values (offers, coupons, rewards within loyalty programs, ticketing, boarding passes, gift certificates, ID-cards or information about products and services) of different brands and makes it possible to make payments (with bank accounts, bank cards, and electronic money)
- 10. mWallet Features 10 Micropayments Mobile commerce Shopping Payments to service providers Hotels reservation and payments Entertainment E-tickets Urban transport Boarding tickets for trains, buses and planes Tickets for events Geolocation-based offers and services Coupons, certificates, deals and promotions Loyalty programs Mobile store Money transfers Personal information Rewards management Electronic prescriptions, etc.
- 11. mWallet Services (1/4) 11 Paying for goods and services with Visa and Mastercard cards, linked to a wallet, by reading the QR- code, generated in the online store, or any external QR-code (on a check, on a product, etc.) Quick authorization on the website, check-in a retail store using QR-code scanning with simultaneous transfer of information to identify the client Paying for goods and services with Visa and Mastercard cards, linked to a wallet, by reading the QR- code with mobile phone built-in scanner Paying for goods and services with Visa and Mastercard cards, linked to a wallet, through reading the QR-code from a mobile phone by scanner of another mobile phone
- 12. mWallet Services (2/4) 12 Making remote pre-order in mobile wallet with card payment, followed by a visit to a store, fast servicing procedure and receiving the order Placing an order in mobile wallet with card payment, followed by order delivery to the address stored in the customer’s web-passport Ability to self-service in a store, when a customer himself scans bar codes of the goods using his mobile phone and pays with a bank card linked to his mobile wallet Submitting an e-ticket at events, exhibitions, fairs, trade shows and concerts with option to withdraw admission fee (ticket cost) from the card connected to mobile wallet
- 13. mWallet Services (3/4) 13 Submitting digital loyalty card from the cell phone screen; ability to accrue and write off bonuses or their analogues (dedicated bonus account (bonus wallet) linked to a customer’s mobile wallet) Card-to-card money transfers with mobile wallet without entering card details (using recipient’s phone number from a contact list if linked cards are available) Buying train tickets (with a complete choice of features) with payment by a card linked to a mobile wallet Paying to service providers (refilling mobile account, utility payments, payments for TV, internet, etc.)
- 14. mWallet Services (4/4) 14 Applying for a loan. In case the application is approved, the loan funds can be deposited directly on the card, which is linked to mobile wallet. Possibility to look up the nearest store with geolocation service. A customer sees the distance to the nearest store and its operation hours Personalized communication with customers on-line in the wallet messenger, as well as ability to send push notifications (both servicing and promotional) Digitization of existing loyalty cards, developing and launching a new loyalty program
- 15. How mWallet works: Registration 15 A client downloads the app from Google Play or AppStore, registers his wallet and sets the PIN-code for quick and easy login Your brand Your brand Your brand
- 16. How mWallet works: Main Menu 16 The main menu (looks similarly to menu of popular OS) consists of widgets that are configured to the needs of the client by himself Your brand Your brand
- 17. How mWallet works: WebPassport 17 Each wallet has a unique customer ID and contains a WEB-passport with the required personal data
- 18. How mWallet works: Cards 18 The customers enters the "My Cards" section and adds his own payment cards by entering card details
- 19. How mWallet works: Payments 19 A customer may make payments and repay the bills To repay a bill of a merchant or service provider, the customer should select the bill, select the payment tool and confirm the payment. To make a payment within the system, a customer may enter a recipient's mobile phone number, and then confirm the payment
- 20. How mWallet works: Transfers 20 P2P transfers can be done by selecting a recipient from the contact list, or by entering the recipient's card number
- 21. How mWallet works: Loans 21 Directly in the wallet customer may fill the application for the loan and receive money on the card in case of positive decision
- 22. How mWallet works: QR Payments 22 QR-code of a customer wallet is unique and can be read by a QR scanner. The client may also read any external QR-code to connect to the merchant system. The customer receives the order information to their cell phone screen with the amount of purchase and confirms the payment with a card linked to the wallet
- 23. QR and NFC technologies 23 2 up-to-date technologies within one solution QR NFC We cover various merchant segments with our QR+NFC+merchant solutions Micro business Small business Medium business Large business QR scan is mWallet, printed QR code Integration with cash register software seller QR scanner in the seller’s mobile business application QR-codes on seller’s checks NFC in smartphone
- 24. What is eWallet? 22 An Electronic Money Processing platform giving you the opportunity to build your own payment business without starting from scratch. Full-fledged payment system for all kinds of payments and transfers. Whether you operate financial services company, a retail network or a telecom operator – our E-Wallet solution will bring your business to the next level, allowing you to harness up-to- date tech trends.
- 25. eWallet Features for end-users 25 E-Wallet balance & transaction history Refill & funds withdrawal Mobile refill Payments for TV/Internet Utility payments Online payments for goods & services Taxi fares Insurance payments Other services (transportation, loans, charity etc.) Tuition fee payments Entertainment - tickets, games, paid content Social media payments Integration with prepaid cards, card payments QR code payments NFC payments Instant P2P transfers (e-wallet to e-wallet, card-to- card) Electronic Wallets are very similar to bank accounts, wherein customers can hold the money in any currency, that can be used later for various purposes, such as payments, local or overseas money transfers, paying utility bills, prepaid cards and so on. Customers can easily convert the money from one currency into another, and vice-versa, almost immediately. Customers can make the payments in any currency to their intended beneficiaries, both locally and world-wide.
- 26. eWallet Features for businesses 26 Full automation of payment acceptance Instant money transfer to merchant’s e-wallet Payments history Invoicing Generating vouchers Fees management SMS notifications Managing NFC-stickers orderings Ordering cards B2C payments Holding funds API integration
- 27. eWallet Services: Basics 27 eWallet 1. Buying e- money from issuing bank or agent 4. E- money withdrawal 3. E-wallet usage 2. E-wallet cash- in Customer 3.1. Online, offline & NFC payments for goods and services 3.2. Р2Р transfers
- 28. eWallet Services: cash-in 28 2. Tools for adding money to eWallet Cash Cashless Kiosks ATMs POS-terminals Bank’s cash units Visa, Mastercard E-money Bank transfers Prepaid cards
- 29. eWallet Services: Payments 29 3.1. Payments for goods, services, gift certificates Utilities Retail stores Cinemas Fuel stations Mobile operators Online stores TV Internet- providers Loans repayment Gifts Gift certificates
- 30. eWallet Services: Transfers 30 3.2. P2P Money Transfers Customer 1 Customer 2 PAYMENT SYSTEM Operator Data exchange Data exchange E-money
- 31. eWallet Services: Cash-Out 4. E-money withdrawal (exchange for real money) Customer Issuer PAYMENT SYSTEM Operator Data exchange Data exchange Tools for funds withdrawal Real money E-money 31
- 32. How eWallet Works: Customer Profile 32
- 33. How eWallet Works: Money Transfer 33
- 34. What is mPOS? mPOS is a business application for merchant account allowing him to generate bills, transmit them in the form of QR codes to a customer’s mobile wallet and accept payments made via mobile wallet. It’s a toolset for payment acceptance and loyalty program management 34
- 35. What is required for mPOS to operate? • For a merchant – a tablet or smartphone with mPOS software and a printer • For a customer – mobile wallet A handy tool for retail chain - compact (tablet or smartphone with the app + printer), a simple and easy to use Supports both receiving payments and loyalty program (the transmission of information on reward for the purchase) Detailed check allows you to see the goods, the cost, and accrued bonuses and / or the amount saved through discounts 35
- 36. How mPOS works • A merchant selects an item for the product catalog on a tablet; the items are added to the shopping cart; then the merchant selects a payment method "pay with QR» • QR-code is generated on the screen in the amount covering the value of goods in shopping cart. • A customer (mobile wallet owner) scans the QR-code, and makes payment • In the tablet appears a message that the product is paid • The merchants prints the receipt for the paid items from the Shopping cart A merchant selects an item for the product catalog QR-code is generated on the screen A customer scans the QR-code with mobile wallet The item is paid, bonuses accrued The receipt is printed 36
- 37. What is QR-POS? QR-POS is a business mobile application for the merchant (owner or operator of the online or offline shop), enabling invoice generation and payments acceptance via QR codes 37
- 38. How QR-POS works: main menu After simple registration and subsequent signing of contracts, a merchant can immediately accept payments In the main menu, the following options are available: Invoicing, Payments acceptance, QR codes generation and scanning, Account management and Settings 38
- 39. How QR-POS works: issuing a bill 1. A merchant selects “Create an invoice” menu option, enters customer’s phone number, amount and note 2. The customer gets a push notification to his mobile phone screen with information about the purchase and confirms payment with her card linked to mobile wallet. The merchant also gets the QR code to heir screen, which can be scanned with the customer’s mobile wallet Another option – the merchant can scan QR code from the customer’s mobile phone, enter amount of payment 39
- 40. How QR-POS works: accepting payment for goods or services 1. A merchant selects “Accept a payment” menu option, enters payment amount and note 2. QR code appears on the screen. The customer scans it with her mobile app go get information about the purchase and to confirm the payment with a card linked to mobile wallet 40
- 41. How QR-POS works: QR code generation, account management • To generate a QR code, the merchant selects “My QR” menu option, and gets a QR code to be scanned with the customer’s mobile wallet for payment. • All created and paid invoices are stored under the “Invoices” menu section with various grouping and filtering options 41
- 42. Underlying Magic
- 43. Architechture 43
- 44. Security At the heart of the security strategy we use the international standard ISO 27000, defining the requirements for information security management and risk management All our partners are PSI DSS certified service providers To provide fault tolerance and load balancing system, we are guided by global standards, High Availability (HA) and Load Balancing (LB) Wallet Factory is fully integrated with international payment systems 44
- 45. Open API 45 Open API multiplies choices, opens more opportunities for the creative talent from any field of business and enables quick and flexible integration Server #5 Data center #2 PHP Application server #2 MySQL server #3 PHP Application server #1 Nginx (Web server 1) site.com IP 002 (Reserve) User (Web, Mobile ) CRM APP CRM PARTNER SITE Percona (Master) IP 005 eWallet e-money server User (Partners API) eWallet, mWallet Backup Server IP 007 WAF api.site.com IP 001 (Active) Partners API Nginx (Web server 2) site.com IP 004 (Active) CRM PARTNER SITE api.site.ua IP 003 (Reserve) Partners API Partner API requests MySQL server #4 Percona (Slave) IP 006 DB Connection DB Connection DB Saving User requests Processing API Partners API reserve flow Processing API Info exchange streams Secondary (backup) Primary User reserve flow GIT Reserve DB Connections Data center #1 User resources sync Replication Web APP Saving Web APP Saving
- 46. White Labeled solutions 46 With Wallet Factory, you can get a customized turnkey solution under your own brand. Our White-Labeled solutions don’t need development from scratch and guarantee your products minimum time-to- market – 2-3 months
- 47. Our Team 47 • 15 years of successful experience in the fields of finance, banking and payment technologies • Strong management team including professionals from Finance and Payments, Marketing, IT domains • 25 employees in 3 offices in Poland, Ukraine and China
- 48. Thank you for attention! Wallet Factory Mikhail Miroshnichenko, CEO Email: [email protected] Addresses: - Office 27, 2A Rydygiera St., Wroclaw, Poland, - 4 Andrey Sheptytsky St, 10th floor, Kyiv, Ukraine, - Office 11, 43 Bedford street, London, England, WC2E 9HA, United Kingdom, - Wuxing Road, No. 277, Suite 1513, Shanghai 200030, China Phones: PL +48-73500-7500 UA +38-067-621-57-13 UK +44-2081-444-801 US +1-415-830-3669 CN +86-183-2120-3019