A digital wallet is a special software that allows the user to store digital cash and make electronic payments on the web. E-wallet is essentially an analog of widespread and easy-to-use bank accounts. mWallet is a modern white-label app, which regards as a great solution for multifarious transactions performing. Mentioned product is considered as one of the most popular and thought-out systems, created by well-known WalletFactory Group. Among different available opportunities, this development presents a few types of mobile payments: crediting (it means toping up the soft by a certain amount of money); debiting (withdrawing the required sum); pre-authorization (it’s about reservation of funds on the wallet); refunding (cancellation of a prior debit transaction).
Thanks to the possibility of setting the limits, the user can determine the maximum balance of mWallet and monthly turnover. Tariff and commission management allows you to identify the exact amount of income. Due to the multicurrency support, the platform configures in diverse currencies and exchange rate management, and such multitasking is the best way to manage worldwide transfers on various sums of money.
Point-of-sale solutions
Source: Mobile Transaction
The adverted mobile application is especially useful for point-of-sale solutions because the system’s interface is user-friendly and helps to control the flow of funds. There’s no need to provide a payment card number for remittances, and such a feature significantly increases the security of financial transactions. The person can pay for everything in a few seconds and be sure, that all the data about cost stay in the app. Such a solution doesn’t force the owner to turn on the PC, visit the website, everything is in a smartphone. The software develops periodically, so the design, security, possibilities, and the list of available function increases.
mWallet’s price is affordable because Wallet Factory Group wants to improve its product, checks it in different conditions and while using in various spheres. Thanks to the app usage in POS solutions, the buyer is:
- provided with the opportunity to choose different products
- informed about the presence of goods in the outlet
- encouraged to make a purchase
- reminded about the existence of a product (it appears the consolidation of associations)
- Moreover, for additional security, the mobile application provides a whole range of individual checks.
E-wallet application in business
Bank Nizwa
If you are thinking about integrating an e-wallet with the best functionality, look no further than the mWallet. The developers made sure this app would suit the most demanding customers by creating a perfect customizable solution. In order to benefit your brand, we will customize the application with your own unique design and logo. After this is done, you will have access to a wide range of features:
A number of virtual payment tools – transfer money in-app or in-store. Online cashless payments are also supported;
New ways of communication with your customers – Geolocation and CRM;
An outlet for unbanked clients;
A loyalty program – encourage your customers with bonus points, special offers, and exclusive discounts.
As a whole, this application will help your business to operate smoothly and efficiently. There are many other ways of implementing the features, which this app has to offer.
