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The mobile payments integration solution



It’s hard to find the person, who doesn’t know about them m wallet, and such popularity is fully justified because the mentioned platform is the best solution for mobile payments integrating. Why? There are a few good reasons:
  • In order to get a digital wallet app, you do not need to spend time visiting a bank, provide original documents, fill forms by hand, and perform other formalities related to an account with a financial institution creating. All you have to do is to download the application and start to use it.
  • The wallet can be replenished through the terminals installed everywhere, via a bank card or the bank’s 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. For a regular bank transfer, it will take from 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 serious protection and has a lot of steps of reliable security.
  • Money can be easily converted into different currencies without visiting a bank.
The mentioned software product is a white label wallet app, made by the Wallet Factory Company, which pays great attention to financial technologies development.

QR or NFC: what`s better?

QR and NFC belong to the most popular and widespread contactless payment technologies that develop every ear. Each of them has pros and cons, but it’s important 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 the QR code payment doesn’t have special restrictions on distance; the only thing that matters is the camera has to be at the acceptable distance in order to recognize the code itself (it can be even 50 cm).
  • While NFC using, the information from objects is read through a radio signal, and in a case of the QR-code – camera and special soft.
  • NFC is more convenient while in transport using, because all you have to do is to 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 the error occurrence, the possibility to pay the price for purchases in a lot of shops and supermarkets. Specified developments are reliable products for mobile wallet usage and the choice between them has to be based on personal preferences.

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