WAY4 Wallet

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Overview

Does it bother you how quickly user expectations grow for mobile wallets and how little a bank can do in response?

It is tough to keep tech-savvy bank customers engaged, and to increase how much and how often they spend with you. It is no less challenging to reach the unbanked and financially underservedwith payments and transfers, sometimes in spite of the infrastructure.

To address these issues and give our customers a competitive advantage in both mature and emerging markets, we created WAY4 Wallets.

Bring your customers the best in m-commerce, e-commerce and in-store mobile payments.

Make their checkouts convenient with QR, NFC, Apple Pay, Samsung Pay and Android Pay, tokenization, mobile coupons, restaurant bill splitting…the list goes on. Reward them with family wallet programs and geo-targeted offers. Entertain them with chatbot banking and gamified personal finance advice.

WAY4 Wallets is a single platform to support all kinds of business models – curious to see the complete list?

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.

Product/Service details

Geographic Availability
Africa, Asia-Pacific, Caribbean, Central America, Europe, Middle East, North America, South America