The mobile payments integration solution

It’s hard to find a person who doesn’t know about their wallet and the popularity of the mentioned platform is fully justified because it is the best solution for integrating mobile payments. Why? There are a few good reasons:

• To get a digital wallet app, you do not need to visit a bank, provide original documents, fill out forms by hand, or perform other formalities related to opening an account with a financial institution. All you have to do is download the application and start using it.
• The wallet can be replenished through the terminals installed everywhere, via a bank card or cash desk. It’s possible to control the costs and receive payments for services to the app if you work remotely in financial transactions.
• Any operation with electronic money is carried out in 2-3 seconds. A regular bank transfer takes several hours to several days.
• If you use the elementary rules of information protection, it’s almost unreal to lose electronic money. Moreover, the system is under severe protection and has a lot of steps to ensure reliable security.
• Money can be easily converted into different currencies without visiting a bank.

The software product mentioned is a white-label wallet app made by the Wallet Factory Company, which pays great attention to financial technology development.

QR or NFC: what`s better?

QR and NFC belong to the most popular and widespread contactless payment technologies that have developed every ear. Each has pros and cons, but it’s essential to compare and choose the best variant on a case-by-case basis.

• NFC is a technology for wireless data transmission at a short distance: the communication radius doesn’t exceed 10 cm, while QR code payment doesn’t have special distance restrictions; the only thing that matters is that the camera has to be at the acceptable distance to recognize the code itself (it can be even 50 cm).
• While using NFC, information from objects is read through a radio signal, and in the case of the QR-code, a camera and special software are used.
• NFC is more convenient for transport use because all you have to do is bring the cell to the contactless terminal, and the QR-code reading process requires additional information typing (not always, but not infrequently).

These technologies have much in common, such as data transfer encryption, the absence of error occurrence, and the possibility of paying the price for purchases in many shops and supermarkets. Specified developments are reliable products for mobile wallet usage, and the choice between them has to be based on personal preferences.