Android Wallet for phone topup, petrol payment, money transfer and
crypto currency
Why use mobile payments?
On the peer-to-peer side of things, using mobile transfers allows
you to forgo the hassle of cash and checks, and get paid quicker.
And for in-store purchases, mobile payments are the best solution
for a number of reasons:
They’re fast
Mobile contactless payments are by far the fastest way to pay.
Usually, they take about a second. They’re a bit faster than swipe
payments, and much faster than EMV chip payments, which are
sluggish. And for businesses that have checkout lines (QSRs,
retailers), contactless payments will become much more attractive
as they can move the line faster (which means more sales in a
shorter amount of time).
They’re convenient
People are carrying around cash less and less. People have their
phones at the ready more and more. This combination makes mobile
payments the most convenient way to pay. There’s no having to go to
an ATM to pay someone back—you can do that by sending an e-transfer
through your bank’s app on your phone. And there’s no need to dig
into your bag for your wallet at the checkout counter—you can just
tap your phone to pay.
They’re secure
Mobile payments have multiple layers of dynamic encryption, making
them an extremely secure way to pay. They’re far more secure than
magstripe payments, and just as secure as EMV chip card payments.
In fact, if you’re using a mobile payments app with face ID (like
Apple Pay), it’s arguably more secure than an EMV chip card
payment.
An added bonus for businesses
In a case study we conducted, mobile payments increase tipping
rates. Customers who used their phone or NFC device to pay were
more likely to tip than customers who used traditional magstripe
cards.
Company Information:
Wisecard (a WiseGroup company) is a global solution provider that
has been providing innovative payment and secure solutions to
financial institutions, government entities and telco operators
worldwide.
Wisecard have been providing EMV smart card, EMV biometric card,
EMV perso software, card issuance, EMV embossers, Smart POS
machine, Android POS, POS terminals, smart banking, smart teller
machine, kiosk, vending machine, biometric POS, Hardware Secure
Module, mobile payment platform, private label card solution,
prepaid card solution, card management system to partners in more
than 60 countries worldwide. Wisecard’s product suite empower large
global financial institutions and government sectors as well as
small to medium sized retail banks.
Wisecard solutions are adapting to the highest and latest secure
standard, and the solutions have been fully tested and certified by
international test labs, like FBI, STQC, EMV, PCI DSS, PA DSS,
VISA, MasterCard, China UnionPay, JCB, AmEx, Discover, RuPay and
etc.
Notes: FBI, STQC, EMV, PCIDSS, PADSS, Visa, MasterCard, China
UnionPay, JCB, AmEx, Discover, RuPay is a registered trademark. All
trademarks referenced here are the property of the respective
owners.
