WAY4 Digital Wallet

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Overview

WAY4 Digital wallet is a top-rated software to unlock new customer segments and new sales channel for banks, PSPs, telcos, retailers and other.

Key Features

WALLET MODELS

  • Financial inclusion wallets
  • Bank wallets
  • Agency banking
  • Merchant wallets
  • Wallets for telcos
  • Wallets for fleet companies
  • Wallets for e-money institutions
  • Transport wallets
  • Multi-bank wallet hubs for payment processing companies
  • B2C, B2B, B2G, C2G and other wallets

ON-BOARDING

  • Fast on-boarding by phone number or e-mail
  • On-the-fly card validation
  • Biometrics
  • KYC online integration
  • Instant account creation

PAYMENTS & TRANSFERS

  • Bills (online, scheduled, recurring)
  • Bill presentment, payment requests
  • Direct debit, standing orders, invoices
  • Bill splitting
  • Cash-in
  • Mobile cash-out (QR, cash-by-code)
  • In-store & P2P QR payments: Mastercard QR, mVisa, UnionPay QR, Alipay QR, closed-loop QR payments
  • NFC: Apple Pay, Samsung Pay, Google Pay, and HCE (Host Card Emulation)
  • Online fund transfers
  • Tips
  • Closed-loop
  • Cross-border
  • SEPA Instant Payments
  • PSD2 payments (PISP)
  • And many more

MONEY

  • Wallet account
  • Cards enrolment
  • Accounts enrolment
  • Card issuing
  • Account opening
  • Deposit service
  • Credit line
  • Instalments
  • Microfinance
  • PSD2 AISP & ASPSP

LOYALTY

  • Coupons
  • Bonus points
  • Discounts
  • Merchant clubs

CHANNELS

  • POS, mPOS
  • In-app
  • e-Commerce (incl. 3-D Secure 2.X)
  • Omni-channel
  • Chat bot
  • P2P & P2B
  • USSD and SMS
  • API

PLATFORM

  • Online account management and risk management back-office
  • Real-time reconciliation and accounting
  • UX and API
  • PA-DSS compliance
  • White-label solution
  • In-house or cloud implementation

MERCHANT

  • Tier-1 & SME
  • Merchant wallet
  • Merchant portal
  • API

MOBILE MARKETPLACE

  • Ticketing
  • Accommodation booking
  • Financial services
  • E-commerce
  • M-commerce

SOCIAL

  • P2P, P2B
  • Donation
  • Community purchases
  • Money requests
  • Lucky money
  • 3rd party services

GAMIFICATION

  • Gamified elements in UX
  • Personal Financial Management

PERSONALISATION

  • Personal data analysis
  • Segmentation
  • Payment history analysis
  • Level-3 data analysis

UX

  • Unique personalized UX for wallet users
  • Merchant UX
  • Web-based workbenches

PAYMENT SCHEMES

  • Mastercard, Visa, American Express, Diners Club, JCB, UnionPay
  • AliPay and other alternative payment methods
  • Local
  • Private-label closed-loop

COMPLIANCE

  • PA-DSS
  • SEPA, PSD2
  • GDPR

FOR PROCESSING COMPANIES

  • Application management
  • Financial institution management
  • Restricted access to the database
  • Smart database access rules, flexible configuration of user privileges and restrictions

PERFORMANCE

  • WAY4 has proven to support over 2,400 tps and over 150,000,000 online accounts but it is also efficient for small volumes.

Key Benefits

·All payment acceptance technology (QR-code, NFC)

·Easy integration with service providers and other systems via APIs

·Full life cycle support (onboarding, KYC, payments, money transfers, risk monitoring, vas, upsales, etc)

·Data driven services (KYC, loans, loyalty, personalized offers etc)

·Online back-office: instant update of all the balances, rules, product settings, real-time risk assessment, online onboarding

·Secure & with access to certified technologies for customer authentication (biometrics, facial, OTP, SCA)

·Scalable (from half a million to tens millions of users)

·Quick time-to-market (2-4 months to deliver basic functionality)

·Lowered cost (TCO) – the solution can be deployed in the cloud, which means lower infrastructure costs and lower cost of scaling up

·Instant payments & settlement

·PA-DSS compliance, GDPR compliance, 3-D Secure 2.x, PSD2-compliant

·Omni-channel and cross-channel capabilities