eWallet

Digital wallets as a driver towards a cashless society

BPC Banking Technologies’ SmartVista eWallet supports the entire spectrum of electronic payments, including sending and receiving funds, purchasing goods and services, bill payments, utility payments and mobile top up.

At their origin, digital wallets all start from the same core value proposition: offering mobile payments and digitizing payment instruments. Their implementation however varies greatly, ranging from wallet applications that are essentially offering a digital version of a plastic card, to others that offering closed loop payments based on carrier billing or even based on cash in/cash out mechanisms via agents that represent the wallet operator.

Single solution, many flavours

In developed markets, there are a wide variety of mobile wallets in use and their origins again are as diverse as they come.
In emerging markets, mobile wallets empower people by making financial services available to them. Mobile network operators play a key role in this and are also often the ones operating the wallet.

More than mobile payments

Mobile wallets can be used for so much more than paying friends or family through P2P payments or buying goods at a merchant, they are a secure, convenient platform for all payment needs, whether those are utility bill payments or mobile top up. Integration with loyalty and coupons creates an additional incentive to use mobile wallets as the preferred payment option.

Managing all digital value

Consumers can store all digital value in their mobile wallet, whether it is digital money or other elements of value such as loyalty points, vouchers or gift cards. Users can link their wallet accounts to any other payment instrument that is available, including cards (hosted on the SmartVista platform or elsewhere), bank accounts or external e-wallets.

 Downloads

SmartVista’s eWallet provides consumers a secure way to store their digital value, whether it is money or any other digital token of value, and provides them with all the tools to manage the usage of their assets, all configurable by the consumer. Covering a broad range of payment options, consumers literally have all the means to manage their money at the tips of their fingers.

//www.bpcbt.com/wp-content/uploads/2018/05/BPC-e-wallet-cover.jpg

Case Study

Banca Transilvania

Learn how customers of Banca Transilvania are reaping the benefits of BT’s SmartVista-powered systems.

//www.bpcbt.com/wp-content/uploads/2018/09/BancaTr_header.jpg

Discover our other Smart Vista Solutions

//www.bpcbt.com/wp-content/uploads/2018/05/BPC-Solutions-Instant-Payments.jpg

Instant Payments

BPC ‘s SmartVista payment hub centralizes the processing of all payments at a bank, whether they be Card, Real-time, ACH or any other form of payment.

//www.bpcbt.com/wp-content/uploads/2018/05/BPC-Solutions-Marketplace.jpg

Merchant Management

From setup to asset management, Merchant Management helps merchants deliver a superior level of service to merchant networks.

Read our blogposts on this topic

Payments in Times of Open Banking

The retail landscape has undergone a significant shift over the last decade. The traditional sales channels have been amended with or even replaced by digital channels through which consumers prefer to make their purchases. Retailers had to rethink their customer engagement models and the changing customer expectations did not only affect the retail industry but…

Read More →

Digital Wallets as a driver towards a cashless society

Even though digital mobile wallets have been around for a while, we still see new wallets being launched on a weekly basis, like Huawei Pay launching in Russia just last week. As we are taking a closer look, it is easy to see that there are significant differences between various digital wallets and those differences…

Read More →

How to Protect Your Bank During Payments Technology Replacement

In a rapidly changing market, the financial and skills challenges connected with maintaining outdated legacy payments technology are escalating. The painful truth for many financial institutions is that replacement may be the only viable long-term option to future-proof their businesses, comply with regulation and remain competitive. Viewing the replacement of a legacy system with trepidation…

Read More →