mWallet - Infosys Mobile Wallet Solution Mobile phones today have the power of enabling financial transaction between two parties. Research firms estimate that by 2014 over 1.4 billion users will be carrying mobile phones with capability of processing payments. However enabling mobile commerce for endcustomers involves getting a complex system in place to support requirements of Financial Institutions, Mobile Service Providers, Customers and Payments Gateways. Infosys mWallet or Mobile Wallet solution lets enterprises unleash the power of Mobile Telephony to enable end-Customers seamlessly conduct transactions using their mobile.
Infosys mWallet Solution Highlights Infosys mWallet is a comprehensive Mobile Payments solution which goes beyond the traditional mobile banking solution. The features include • • • • • •
Extending banking facilities to your phone. Enabling payments at POS Terminals. Personal Finance Manager on your phone. Maintain and track budgets for personal finance. Enhanced security. It is more secure than traditional card payments (both e-payments and POS Payments) as it uses one time generated pass codes for payment authorizations at runtime Links multiple credit and debit cards into the phone and use it for payments. Supports multiple channels for access - IVR , SMS, Smart App, NFC
Infosys mWallet Solution Framework Consumers
Infosys mWallet Solution
Multi Channel Gateway
Points of sale Shop
Contactless Payments
Banking
Gateway
Telco FIS Core Engine Prepaid VAS
Stored Value Accounts Server
APIs Payment Gateways
Infosys mWallet Solution Benefits • • •
Increase stickiness of clients Better user experience Safer and Faster transaction capability
Infosys mWallet - Features Infosys mWallet offers multiple features including • • • • • •
User Login Account Statements Payment @ POS E-payments Peer to Peer Payments SMS confirmations
• • • • •
IVR , Sim Tool Kit, Smart App Support Social Payments ATM cash withdrawals Multiple Bank card linkage Individual Bill save capability
Infosys mWallet - Sample Examples Infosys has created solutions for three industries to start with • • •
Banking and Financial Institutions Mobile Operators Retail Stores
For a large Asia based Telecom Operator, Infosys has designed the entire Mobile Money platform based on Infosys mWallet Solution. the solution included a core transaction platform and a multi-channel access gateway and 3rd party components for document management. This Opened a lucrative new revenue stream for the Telecom Service Provider
Allied services Technology Consulting
Independent Validation
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