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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
Knowing that companies have distinct business-related requirements, it is practical they avoid buying an all-encompassing, ”best” software system. Just the same, it would be almost impossible to try to find such application even among branded software products. The clever step to do would be to jot down the several critical aspects that necessitate consideration such as critical features, packages, skill competence of the employees, business size, etc. The second step is, you must follow through your research fully. Read some of these Wallet Factory evaluations and explore the other software systems in your list more closely. Such well-rounded research can make sure you keep away from ill-fitting software solutions and select the one which meets all the benefits your company 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 considering Wallet Factory it might also be a good idea to analyze other subcategories of Mobile Payment Apps gathered in our base of SaaS software reviews.
It is important to note that hardly any software in the Mobile Payment Apps category will be a perfect solution that can fulfill all the goals of different business types, sizes and industries. It may be a good idea to read a few Wallet Factory Mobile Payment Apps reviews first as certain software may excel only in a very small set of applications or be prepared with a really specific industry in mind. Others can operate with an intention of being simple and intuitive and therefore lack complicated functionalities needed by more experienced users. There are also software that cater to a wide group of customers and give you a rich feature toolbox, but this usually comes at a more significant price of such a solution. Ensure you're aware of your needs so that you choose a service that has specifically the elements you look for.
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 are aware that when you make a decision to purchase a Mobile Payment Apps it’s crucial not only to see how experts rank it in their reviews, but also to discover if the real clients and enterprises that use these solutions are genuinely satisfied with the service. Because of that need we’ve devised 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 displayed in an easy to digest form indicating how many users had positive and negative experience with Wallet Factory. With that information available you should be prepared to make an informed purchasing decision 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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