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Development of a Secure Digital Payment Platform for Cross-Border Transactions in Cash-Dependent Markets
  1. case
  2. Development of a Secure Digital Payment Platform for Cross-Border Transactions in Cash-Dependent Markets

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Development of a Secure Digital Payment Platform for Cross-Border Transactions in Cash-Dependent Markets

lizard.global
Financial services
eCommerce
Government
Mobile Application

Challenges in Transitioning from Cash to Digital Payments in Underdeveloped Financial Markets

High dependency on cash transactions in multiple regions creates security risks and operational inefficiencies, compounded by inadequate digital payment infrastructure in certain markets. This limits financial inclusion and safe transaction capabilities for consumers and merchants.

About the Client

Multinational conglomerate providing strategic guidance, financial services, and administrative IT solutions across subsidiaries in South America, Europe, and the USA

Objectives for Developing a Digital Payment Platform

  • Create a user-centric mobile payment solution for cash-dependent markets
  • Enable secure digital transactions for small/medium-sized services and products
  • Facilitate adoption of digital payment systems through intuitive design
  • Integrate SRD (Special Drawing Rights) transaction capabilities
  • Provide real-time transaction monitoring and reporting

Core Functionalities and Key Features

  • Multi-user role management (consumers, merchants, resellers)
  • Real-time transaction history and analytics dashboard
  • Secure SRD (Special Drawing Rights) transfer system
  • Special benefits user program for financially vulnerable populations
  • Government assistance fund integration
  • Multilingual user interface with localized payment methods

Technology Stack Requirements

Cross-platform mobile development framework
Blockchain-based transaction security
Real-time data synchronization
Biometric authentication system

External System Integrations

  • IMF Special Drawing Rights (SRD) exchange system
  • Government financial assistance databases
  • Local banking infrastructure APIs
  • International KYC/AML compliance services

Non-Functional Requirements

  • Military-grade encryption for financial transactions
  • 99.9% system uptime guarantee
  • Scalable architecture for 10M+ users
  • Multi-currency support with dynamic conversion
  • Compliance with PCI-DSS and GDPR standards

Expected Business and Societal Impact of GWAP Implementation

Enables financial inclusion for 2M+ unbanked users across 15+ countries, reduces cash-handling risks by 70%, and accelerates digital payment adoption in emerging markets. Creates standardized transaction processes across 3 continents while maintaining compliance with local financial regulations and IMF SRD protocols.

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