Digital Wallet (Pre-Paid eWallet)

Digital Wallet or eWallet or Pre-Paid payment instrument is a flexible and cost-efficient cashless solution for retail payment.
The Open-loop solution usually operates on electronic or mobile money, closed-loop solution, such cases as Mono-Purpose Pre-Paid cards, Pre-Paid dedicated account or vouchers.
eWallet allows extending own payment business without starting from the scratch.

Key Digital Wallet elements

Digital Wallet solution may consists of

	Processing platform that allows to issue and manage pre-paid instruments like electronic or mobile money
	Variety of interfaces for end-users (customers): mWallet (mobile App for iOS and Android), web interface, OTP or USSD access to the wallet
	Variety of interfaces for merchants: QR POS (business mobile App for iOS and Android), web interface
	Administrative panel for Digital Wallet operator, customer support team, technical team, merchants and partners

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Main wallet types

	Customer wallet – end-users’ pre-paid payment tool to make payments and transfers
	Merchant wallet – payment tool for receiving money from the end-users
	Agent wallet – an instrument for cash agents to convert cash into e-money and backwards (allows end-users to top up and withdrawal from eWallet)
	Issuer wallet – for e-money issuer

Basic transaction types

	Credit transaction (Cash-in) – wallet top-up of a specified amount
	Debit transaction (Cash-out) – money withdrawal from the wallet
	Pre-authorization – reservation of funds on the wallet
	Refund – a reversal of a prior debit transaction

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Payment tools for eWallet top up and withdrawal

	Cash
	Variety of existing wallets on the particular market
	Credit and Debit Cards: international (Visa and MasterCard) or local (for international cards we may link with MasterPass or Visa Checkout solution or with any PCI DSS compliant partner to store card credentials)
	Banking accounts – we may link directly with particular banks or with any payment gateway

eWallet set up and configuration

	Limits management allows being in line with local legal restrictions (define maximum eWallet balance, monthly turnover etc.)
	Fees and commissions management allow to determine an exact flow of cash from eWallet transactions
	Multicurrency option allows to set up wallets in different currencies
	Exchange rates management allows managing international remittance