The eWallet Market size is projected to grow from USD 124.6 Billion in 2024 to USD 590.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 22.10% during the forecast period (2024 – 2032). Check out this case study of eWallet app development to capitalize on this big opportunity.
The emergence of eCommerce and the digital economy is leading to migrate from cash payments to plastic money, and now it is taking a leap towards contactless payments.
Azilen, a leading eWallet development company with its FinTech software development & digital wallet development expertise has formulated an easy to use, secured, and futuristic wallet solution.
Digital KYC
Cash withdrawal from Wallet
USSD Based Transactions
WhatsApp Bot
E-commerce & POS integration
Enterprise-grade security
The Client is a South African veteran, providing banking & payments services to SMME’s (Small, Medium & Micro Enterprises), banks & telcos. With a firm aim to accelerate the overall economic growth, the client ideated an innovative concept to revolutionize the current trend of Micropayment transactions with our digital wallet development services.
Azilen engaged with the Client to devise a digital wallet service that allows secure micropayment settlements even without access to any banking service or smart device. This solution brings in full-fledged financial inclusion, intimately bound with social interactions and woven into everyday economic lives.
enabled
Subscribed user within 3 months of launch
Average daily transactions
Azilen implemented a safe and secured ecosystem to accomplish a Digital Wallet that enables individuals to send or receive payment, bringing ease and continuous novelty leveraging technology.
The solution enhanced the users to move forward into a secured digital space and to a better opportunity to manage and track all their spending under a single roof.
With a target to reach out to the maximum number of the user group, the platform also supported wallet usage without the need for any bank account/plastic money or even a smartphone.
The users were able to register with assisted registration & top-up their wallets from defined spots around their regions. The solution also supported to send/receive payment and keep of track of their wallet via USSD (Unstructured Supplementary Service Data) from any simple GSM device.
An innovative product was implemented that can be utilized in a form to bring in financial inclusion with :
Digital wallets have been an electronic ticket to the world to include financial convenience, security and efficiency never experienced before. Today every individual owning a smartphone tends to be using one or the other digital wallet service. Within the pool of such services, some of them are highly adaptable that provides :
We implemented a powerful architectural solution for fintech consumer management by forming a Digital Wallet that contained – payment gateways, card issuing & acceptance, bank integration & authentication, KYC, QR code payments and numerous other capabilities required by an enterprise fintech industry, in a PCI compliant cloud-based environment.
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