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A real-time mobile payment platform that seeks to disrupt the retail goldrush

  • This fintech platform provides a compelling alternative to credit cards with its mobile wallet and payment app by putting an end to processing fees.
  • More than just a killer alternative to conventional payment processing, this white label solution provides retailers with the end-to-end tools necessary to build applications complete with a mobile wallet, electronic payment, and customer rewards experience.
  • By simplifying the build process, this fintech solution enables quicker time to market and realtime electronic payments without the hassle of re-inventing the wheel.
  • Rather than positioning the solution as a competitor to traditional credit card processing and payment gateways, the company behind this innovation aims to empower existing payment processors and retail, while disrupting the digital banking revolution.


In a business to business (B2B) segment dominated by banks and solutions such as Apple Pay, Google Wallet and Samsung Pay, this fintech product offers a competitive alternative to credit cards–a mobile payment app that seeks to minimize processing fees.


Hassle-free payment processing


Retailers, wanting an alternative to credit card payments, simply integrate its building blocks into their existing checkout processes. Customers scan QR codes or read NFC tags presented to them at checkout and make payments with their mobile wallets. The app handles the different ways customers can choose to reload, while payments are made in real-time between customers’ and merchants’ wallets.


The platform–and not the merchant–bears the brunt of integrating the different payment methods, financial institutions, payment gateways and processors. Merchants are free to present a variety of payment options to consumers, including this fintech product. Choosing this product, however, results in a more streamlined and cost-effective checkout and real-time payment experience compared to conventional credit card payment processors and networks. The solution requires no capital expenditures, additional investments in hardware, or upgrades and is made possible by the company’s white label mobile wallet app on customers’ smartphones and itssecure private cloud-based platform.


No-code, low-code, or highly customized consumer experiences


Retailers looking to customize or integrate the mobile wallets into new or existing apps and websites do so with its APIs (application programming interfaces) and SDKs (software development kits). Support for a variety of frameworks and both iOS and Android mobile platforms make it a breeze to publish mobile wallets, payments, and customer rewards applications with little or no code as the product is ready to use with some of the more popular commercial point of sale (POS) systems.

The white label solution includes everything needed to build and manage a no-code, low-code, or highly customized consume-facing application. The platform provides the essential components that financial institutions, payment processors, and merchants need to build secure and real-time mobile payment applications. The underlying code and infrastructure are completely managed, resulting in shorter development turnarounds and quicker time to market—enabling merchants to focus on building meaningful and engaging applications that complement existing conventional consumer retail and banking services.


Highly secure, PCI Level 1 compliant mobile payment processing


The platform and all customer data are securely hosted on a PCI Level-1 compliant, and SAS-70 certified private cloud datacentre. PCI Level 1 subjects the platform and datacentre to an annual compliance reporting by a Qualified Security Assessor and a quarterly network scan by an Approved Scanning Vendor in addition to internal and external penetration tests. Compliance with the PCI Level 1 standard is a key requirement before service providers are allowed to deliver wallet and payment services to banks and merchants. The secure and real-time nature of the payment platform makes it possible to also build solutions for cardless cash withdrawals.


Revolutionising the payment processing value chain


The solution is, by all appearances, a killer alternative to credit card payment processing. However, its beauty lies in its simplicity and versatility, which has led to widespread adoption of the product by some of the most prominent retail consortiums and chains in the United States.

This was made possible because this fintech solution fills existing gaps and challenges faced by all segments in the electronic payment ecosystem. Consumer retail businesses (B2C) can look forward to seamless integration and quick turnarounds, while the highly scalable platform opens new channel opportunities for payment processors and financial institutions in the business to business (B2B) space. The possibilities are almost limitless, especially as neo banking or digital banking licenses become more commonplace. With zero physical footprints, digital banks appeal to the trendy and tech savvy millennial market, which favours pragmatism over pomp and circumstance. Mobile wallets, real-time transactions, and cardless cash access are features that such banks can quickly build with the platform—in collaboration with the retail sector and stiff competition with conventional banks.

While it would be simpler to dismiss the solution as the competition to payment processors, its unique value preposition lies in the fact that it has been designed for broad adoption.


About the company and founder


The company behind this fintech product has received at least two rounds of financing from major venture capital firms, before eventually being acquired by a major payment processor. It is the brainchild of its founder—a twenty-year veteran in the electronic billing and mobile payment space. Companies that he has previously either helmed or founded in the last two decades have undergone similarly substantial multimillion dollar acquisitions by global technology giants.

The company’s goal is to power the inevitable disruptive revolution that is taking place with digital banking, retail, and payment processing. It would be easy to outrightly dismiss the company and its product simply as one of the many competing replacements to conventional payment processing.

Its white label end-to-end solution, however, bears a striking semblance to the mining equipment and tools that powered most of the search for gold in California in the 1800’s—making it the most likely forerunner in disrupting the modern digital banking and mobile payment processing revolution.

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