Best Digital Payment Experience
Does it bother you how quickly user expectations grow for mobile wallets and how little a bank can do in response?
It is tough to keep tech-savvy bank customers engaged so that they spend more, and do so more frequently. It is no less challenging to reach the unbanked and financially underserved with payments and transfers, sometimes despite the lack of infrastructure.
To address these issues and give our customers a competitive advantage in both mature and emerging markets, we created WAY4 Wallets. In this solution, we combine in-store, in-app and e-commerce payments for an exciting, personalized customer experience.
Now, you can bring your customers the best in m-commerce, e-commerce and in-store mobile payments. Make their checkouts convenient with QR, NFC, Apple Pay, Samsung Pay and Android Pay, tokenization, mobile coupons, restaurant bill splitting…the list goes on. Reward them with family wallet programs and geo-targeted offers. Entertain them with chatbot banking and gamified personal finance advice.
WAY4 Wallets is a single platform to support all kinds of business models – curious about seeing the complete list?
The Ovum Decision Matrix report published their analysis of key vendors in the mobile wallet space. These typically had high functionality, strong integration and configuration capabilities, major deployments in various geographies and significant market impact. OpenWay was recognized a “Market leader”.
Ovum analysts have concluded that “focus on innovation and flexibility will be critical to long-term success in the market.”
Every Step of the Customer Journey
WAY4 Wallets is the customer-centric online software system for omni-channel QR, NFC and in-app payments and over 45 value-added services. Just scroll down and count them for yourself! WAY4 Wallet orchestrates various payment services, instruments and channels, and supports every step of the customer journey: from quick user enrolment to ongoing engagement with payment and non-payment services.
WAY4 Wallet makes your system smart. It is able to distinguish coffee take-outs from petrol fill-ups, and today's buyer from yesterday's. It rewards loyal customers on-the-fly. It stores and analyzes customers' personal data and transaction history to generate targeted offers in real-time and even price dynamically based on their behavior.
What else? The solution’s multi-layer architecture allows you to customize the product.
The platform comprises three major levels:
Product and service management, automated workflows, online accounting and reconciliation, fraud prevention
Transaction management and API
SDK or ready-to-use UX and apps
Some of our clients serve over 16 different wallets on the same WAY4 platform or work with 500,000 mobile agents and process 2,8 million m-commerce transactions per day.
Tech-Savvy and Unbanked
Innovative projects in Vietnam target tech-savvy and unbanked clients with all-in-one wallet on WAY4
AIS optimizes costs with agent banking top-up and m-commerce on WAY4
WAY4 Wallets at a Glance
Financial inclusion wallets
Wallets for telcos
Wallets for fleet companies
Wallets for e-money institutions
Multi-bank wallet hubs for payment processing companies
B2C, B2B, B2G, C2G and other wallets
Fast on-boarding by phone number or e-mail
On-the-fly card validation
KYC online integration
Instant account creation
Payments & Transfers
Bills (online, scheduled, recurring)
Bill presentment, payment requests
Direct debit, standing orders, invoices
Mobile cash-out (QR, cash-by-code)
In-store & P2P QR payments: Mastercard QR, mVisa, UnionPay QR, Alipay QR, closed-loop QR payments
NFC: Apple Pay, Samsung Pay, Google Pay, and HCE (Host Card Emulation)
Online fund transfers
SEPA Instant Payments
PSD2 payments (PISP)
And many more
PSD2 AISP & ASPSP
e-Commerce (incl. 3-D Secure 2.X)
P2P & P2B
USSD and SMS
Online account management and risk management back-office
Real-time reconciliation and accounting
UX and API
In-house or cloud implementation
Tier-1 & SME
3rd party services
Gamified elements in UX
Personal Financial Management
Personal data analysis
Payment history analysis
Level-3 data analysis
Unique personalized UX for wallet users
Mastercard, Visa, American Express, Diners Club, JCB, UnionPay
AliPay and other alternative payment methods
Financial institution management
Restricted access to the database
Smart database access rules, flexible configuration of user privileges and restrictions
WAY4 has proven to support over 2,400 tps and over 150,000,000 online accounts but it is also efficient for small volumes.