A unique wallet proposition with modular feature set enabled with the latest front-end & middleware technologies thanks to the expertise provided by Innovance. Our market leader payment service provider (PSP) was able to introduce a seamless modular wallet solution for various use cases & clients not as a simple e-wallet product but as a service thanks to the modularity of our platform.
Innovance is keen to introduce eliminate complexity.
- Wallet As a Service
- Modular Feature Set Enabled Various Applications
- Plug & Play Type Allowed Record Time Market Entry
Innovance provided the expertise for the PSP to provide a new digital payment technology platform covering both issuing & acquiring businesses under wallet as a service business model. Innovance relying on micro services technologies & architecture was able to provide modular web & mobile wallet applications, middleware, wallet & campaign management portals as an end-to-end solution in cloud. The modularity of the system allowed the adoption for various use cases for different clients at different scales ranging from metropolitan municipalities to lifestyle applications.
A revolutionary business approach enabling the proposition of e-wallet solutions under services model. A total of 35 core features offered in a product feature matrix customizable for all possible use cases for e- wallet usage with simple campaign & merchant management, wallet management portals for the operating clients.
The features included seamless payments & remittance among various options such as debit/credit cards, current accounts & cash, utility payments, payments scheduling & budgeting for both banked and un-banked end clients.
Middleware architecture relying on latest technologies and micro services allowed several layers of security & seamless integration for any type of backend infrastructure for both on premise and cloud applications.
“Wallet as a Service” infrastructure supplied by Innovance allowed instant wallet solution provisioning for several different clients at once for the PSP achieve record transaction volumes maximizing profitability of the overall business with minimum CAPEX investment and minimum OPEX for the long run.
Once the implementation was completed thanks to middleware layer and the micro services architecture, Innovance provided a highly scalable wallet service for the PSP achieving simultaneous deployment for several end clients at once with the fastest market entry. Our middleware allowed the elimination of business logic from the mobile & web applications highly speeding up transactions & adding additional layers
This unique architecture and the business model achieved will lead the way for the overall transformation of electronic payments adopting new emerging payments methods in the future.
All Wallet Features in A Matrix
Customizable features with 35 core functions offers all functions to deploy a wallet whether for a metropolitan municipality with a lifestyle application for modern city life or a regional energy company to collect payments with additional installments.
Single Month for Deployment
Wallet As a Service allows one of the fastest deployment times for mass market entry which is a key competitive advantage for the PSP.
WE ARE READY TO HELP YOUR BUSINESS
Interested to enquire about our capabilities and how we can cooperate?
We are very much interested about your current technology challenges and your upcoming business requirements; our experts will be happy to schedule a call and discuss possibilities together.