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Wallet Factory Review
What is Wallet Factory?
Wallet Factory is a Wallet-as-a-Service platform for wallet operators, banks, financial institutions, telecom companies, and retailers. Users can build financial technology applications with it. With Wallet Factory, B2B and B2C users can access easy-to-use, high-quality, and low-cost financial and digital products and services that suit their own needs and requirements.
They can conveniently, securely, and reliably send and receive various types of payments using Wallet Factory’s digital payment applications and solutions. These include EMV chip, virtual card, NFC, QR code, and P2P payments. The platform also allows the creation and delivery of targeted marketing campaigns, loyalty programs, and communication strategies to improve customer engagement, satisfaction, and retention.
Users can provide their customers with cashbacks, bonuses, and coupons as well as send push notifications, drip campaigns, and surveys. Plus, they can maximize their revenues by connecting with various third-party financial products and services which they can extend to customers.
Show MoreOverview of Wallet Factory Benefits
Improved Financial Inclusions
Through Wallet Factory’s fintech applications and solutions, users can reach unbanked and underbanked communities and populations with low income, card adoption, and financial literacy rates. They’ll effortlessly and seamlessly give businesses and individuals in various regions, and countries access to useful, tailored, and affordable financial products and services.
They can enable businesses, merchants, cash agents, and customers to make and accept payments via e-wallet platforms, mobile digital payment applications, and Android-based POS terminals. These solutions permit the safe and smooth processing of NFC/tap-and-go, EMV chip-enabled card, QR code, and peer-to-peer payments.
Businesses and end-users can leverage the tokenization services of various e-wallet providers and card issuers to ensure the security of their sensitive payment data. Wallet Factory also supports instant cash-in and cash-out, easy KYC verification, country-specific AML requirements compliance, and proactive threats and attacks detection and mitigation.
Customer Engagement
Wallet Factory can aid wallet operators, banks, financial organizations, telecom service providers, and retailers acquire, satisfy, and retain more customers. They can communicate with their customers through SMS, email, push notifications, and chat. Customers will earn cashback and bonuses for transactions and purchases using their digital wallets or cards.
Moreover, the WaaS platform allows users to obtain important analytics so they can understand and engage customers better. They’ll access and analyze data on sales, accruals, redemptions, campaigns, promotions, and customer personalities and behaviors.
Revenue Growth
Wallet Factory allows users to make more money from their existing customers. They can integrate their fintech applications and solutions with different third-party service providers through APIs.
As a result, business and customer wallet owners can choose from a portfolio of relevant and valuable financial and digital products and services available in a single marketplace. They’ll apply for financing and loans, send and receive money abroad, trade currency pairs, and redeem and share vouchers and gifts.
Show MoreOverview of Wallet Factory Features
- E-Wallets
- Digital Cards
- Mobile Payment Apps
- Android POS Terminals
- NFC, QR, & P2P Payments
- Tokenization Services
- Rewards Management
- Marketing
- Communication
- Analytics
- Customer Monetization
- APIs
What Problems Will Wallet Factory Solve?
Wallet Factory comes in handy for all use cases when financial businesses decide to initiate or expand their digital brand presence to attract, engage, and monetize new audiences of their financial services.
This said, the WaaS model by Wallet Factory is great for small and midsize companies like regional retailers and mobile operators to run a digiral wallet business from scratch or integrate it into existing capabilities. Using our product can help capitalize on:
- Switching to cashless/cashlite solutions for merchants and end customers
- Launching your own neobank startup with mobile eWallet apps
- Build long-lasting customer relationships via digital loyalty campaigns
- Tokenize and integrate customer bank cards with their mobile eWallet apps for smoother payments
- When it comes to larger enetrprises, Wallet Factory’s platform is the best fit to:
- Get a new customer acquisition channel to win new underbanked customers
- Launch cost-efficient digital financial products on local markets, especially when backed by government or private funds
- For telecoms, to increase ARPU by turning subscribers’ accounts into digital wallets, and monetize your customer base
- For large retailers, to provide customers with a more convenient digital alternative to traditional banking services while adding much value to brand and improving user experiences
Awards & Quality Certificates
Wallet Factory Position In Our Categories
Since businesses have distinctive business wants, it is only sensible that they avoid settling on an all-encompassing, ”best” software. Still, it is nearly futile to pinpoint such application even among widely used software solutions. The efficient thing to undertake is to make a list of the several vital factors which call for a research including critical features, packages, skill capability of staff, company size, etc. Next, you should perform the product research to a full extent. Go over some of these Wallet Factory evaluations and scrutinize the other software programs in your shortlist more closely. Such detailed research ensure you take out ill-fitting applications and subscribe to the one that delivers all the benefits your business requires.
Position of Wallet Factory in our main categories:
TOP
50
Wallet Factory is one of the top 50 Mobile Payment Apps products
TOP
100
Wallet Factory is one of the 100 Payment Gateway Providers products
If you are interested in Wallet Factory it might also be beneficial to examine other subcategories of Best Mobile Payment Apps collected in our database of B2B software reviews.
Each business has its own characteristics, and can call for a particular type of Best Mobile Payment Apps solution that will be adjusted to their company size, type of clients and staff and even individual niche they cater to. It's not wise to count on locating a perfect software that is going to be suitable for every business no matter what their background is. It may be a good idea to read a few Wallet Factory Best Mobile Payment Apps reviews first and even then you should pay attention to what the service is supposed to do for your company and your workers. Do you need a simple and straightforward service with just essential features? Will you actually use the complex functionalities needed by pros and large enterprises? Are there any specific features that are especially practical for the industry you work in? If you ask yourself these questions it is going to be much easier to get a solid app that will match your budget.
How Much Does Wallet Factory Cost?
Wallet Factory Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
What are Wallet Factory pricing details?
Wallet Factory Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
Wallet Factory’s enterprise pricing information is available only through quote request.
User Satisfaction
Positive Social Media Mentions
12
Negative Social Media Mentions
0
We realize that when you make a decision to get a Mobile Payment Apps it’s important not only to learn how experts rank it in their reviews, but also to check if the real people and companies that bought these solutions are genuinely satisfied with the product. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Wallet Factory reviews across a vast range of social media sites. The information is then presented in a simple to digest format indicating how many people had positive and negative experience with Wallet Factory. With that information available you will be prepared to make an informed buying choice that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- Linux
- Android
- iPhone/iPad
- Mac
- Web-based
Deployment
- Cloud Hosted
- On Premise
- Open API
Language Support
- English
- Spanish
- Russian
Pricing Model
- Quote-based
Customer Types
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Wallet Factory?
Wallet Factory integrates with:
- Google Pay
- Apple Pay
- EZPay
- Lulu
- MobiGft
- Visa
- Mastercard
- VTS
- MDES
- Western Union
- AWS
- Netflix
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