Bank mobile wallet in Singapore

Mobile Wallet Benefits for banks

Out team’s extensive financial background helps drive e wallet banking commercial outcome

Our key team members have more than 15 years of C-level banking experience prior to fintech. That means profound understanding of how the traditional credit- and debit-processing chains work and what roles all the involved parties play when the process is put on digital rails for the benefit of our clients.

What are the benefits for end users?

Case studies for banks and financial institutions

‘Alif Capital’ micro-financing organization
200K Tajikistan
customers

Context
‘Alif capital’ needed a technology partner and reliable solution to provide easy access to financial services for the unbanked population of the country.

Solution
Alif.mobi is a mobile wallet that makes possible for the end users to open an electronic wallet upon downloading the app, to connect several bank cards to it, and make instant P2P transfers and payments using QR codes. The bank mobile wallet features a vast catalogue of services that can be purchased directly in-app (mobile communications, utilities, Internet services, the classifieds, loan repayment, etc.)

Contact us and get to know more

● Tell us a few words on your business objectives
● Think of what integrations may be necessary
● Request a platform demo
● Download and test a demo app
● We will outline the optimal cost for your custom solution

Field-proven e-wallet banking solutions

Mobile wallet for banks is a cutting edge solution expanding your opportunities for attracting new customers, fostering existing clients’ loyalty, building strong brand recognition and increasing profitability.

It’s an easy-to-use application, compatible with multiple mobile devices and focused on granting a secure omni-purpose tool to customers. The software serves to integrate a user-friendly interface with a payment gateway backed by a bank or with a payment service provider in order to connect the customers with a vendor or other individual. By downloading the software to their smartphones or tablets, the users are enabled to make all kinds of payments without using any cash, checks or plastic cards.

Unlike the traditional mobile banking offered by many today’s financial institutions as a part of their core banking system, this digital technology doesn’t require its users to have a bank account for enjoying remote transactions via the Internet. Moreover, the software features are not limited to only conducting financial transactions, but also cover useful managing tools and marketing opportunities.

Bank Mobile Wallet – Fast Money Transfer Everywhere

This industry-led banking solution contributes to digital transformation, enriching customer experience and making clients’ everyday life remarkably easier. As a modern and competitive financial institution, you are expected to provide a customer-focused digital architecture that goes beyond traditional banking and makes your products more accessible for both banked and underbanked customers. They are sure to appreciate fast and easy access to the abundance of financial services and associated options:

● They can handle microfinance operations, pay bills or transfer money between their accounts instantly.
● They can purchase millions of products and services, paying directly in the app, online or in-store.
● Their bank account can be linked to the wallet for viewing and managing their balances, transactions, deposits and other banking products.
● The software allows for the safe storage of their invoices, bank card details, loyalty programs, coupons, ID cards, e-tickets and other documents.
● The customers can collect and redeem all kinds of rewards for their cashless payments in the app.
● They can avail of centrally controlled payment tools, including pre-paid mobile accounts, bank accounts, credit and debit cards, cryptocurrency and digital wallets.

Digital Transformation Bank – Great Advantage

The development of mobile wallet software is a competitive edge for a financial service company since this results in providing its customers with a helpful tool and improving the company’s customer reach.

Both underbanked customers and clients of other banks can use your wallet for fast and convenient payments, and they are likely to be impressed with your engagement into industry digitalization. And it’s easy to get them interested in your banking services by offering news, product demo, advertising banners or push notifications right in the app. Your existing clients will be pleased to receive personalized offers and loyalty bonus in addition to the possibility to purchase your products via their smartphones and tablets. By replacing cards and cash, which are easy to get lost or stolen, with contactless or QR-based mobile device payments, you’ll gain favor with the next generation of your customers.

While this ready-made software involves less investment and operative expenses than Finacle or many other mobile wallet solutions, it works great for acquiring new customers and building loyalty with existing ones.