Aug 15, 2022
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Service categories
Domain focus
Banking & Financial Services
Other
Programming language
PHP
Frameworks
React Native
Challenge
Addressing high numbers of unbanked population and low card penetration rates, our client wanted Wallet Factory to develop a flexible and scalable eWallet mobile app for merchants and customers to enable robust online payment services for its users.
Since ready-made software failed to meet local-specific prerequisites, we were tasked with delivering a bespoke white-label FinTech solution tailored to serve the clients’ interest, improve user banking experiences, and ensure the transition from cash to digital money.
Addressing high numbers of unbanked population and low card penetration rates, our client wanted Wallet Factory to develop a flexible and scalable eWallet mobile app for merchants and customers to enable robust online payment services for its users.
Since ready-made software failed to meet local-specific prerequisites, we were tasked with delivering a bespoke white-label FinTech solution tailored to serve the clients’ interest, improve user banking experiences, and ensure the transition from cash to digital money.
Solution
Addressing high numbers of unbanked population and low
card penetration rates, our client wanted Wallet Factory to develop a flexible and scalable digital wallet application to enable robust online payment services for its end users. Since ready-made software failed to meet local-specific prerequisites, we were tasked with delivering a bespoke white-label FinTech solution tailored to serve the clients’ interest, improve user banking experiences, and ensure the transition from cash to digital money.
Addressing high numbers of unbanked population and low
card penetration rates, our client wanted Wallet Factory to develop a flexible and scalable digital wallet application to enable robust online payment services for its end users. Since ready-made software failed to meet local-specific prerequisites, we were tasked with delivering a bespoke white-label FinTech solution tailored to serve the clients’ interest, improve user banking experiences, and ensure the transition from cash to digital money.
Results
The results of app implementation are quite impressive as customers and business users started widely utilizing E-kyash in their day-to-day banking operations:
• 38 000 enrolled users two months later
• 27 000 successfully performed P2P transactions
• 15K purchases closed with QR codes
• 1100+ stores that enabled cash-in/cash-out transactions and QR payments
The results of app implementation are quite impressive as customers and business users started widely utilizing E-kyash in their day-to-day banking operations:
• 38 000 enrolled users two months later
• 27 000 successfully performed P2P transactions
• 15K purchases closed with QR codes
• 1100+ stores that enabled cash-in/cash-out transactions and QR payments
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