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Unified Digital Wallet Platform Development
  1. case
  2. Unified Digital Wallet Platform Development

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Unified Digital Wallet Platform Development

concisesoftware.com
Financial services
eCommerce
Information technology

Challenge Overview

Current payment processes are fragmented, requiring customers to manage multiple payment methods, loyalty programs, and coupons across different retailers. This leads to a cumbersome checkout experience, increased risk of fraud, and difficulty for retailers in aggregating customer value and personalizing offers. The need exists for a secure, unified platform to digitize and streamline these processes.

About the Client

Leading financial services and payment technology companies seeking to innovate in the digital payments space.

Project Goals

  • Develop a secure and unified mobile wallet capable of digitizing various payment methods (credit/debit cards, loyalty points, coupons, gift cards).
  • Reduce fraud risk through tokenization and secure data management.
  • Optimize the checkout process for a faster and more convenient customer experience.
  • Enable seamless integration with multiple third-party service providers to support a broad range of retailers and partners.
  • Increase average revenue per user (ARPU) for retailers through personalized recommendations and enhanced customer engagement.

System Functionality

  • Secure digital wallet for storing payment methods, loyalty cards, coupons, and gift cards.
  • Tokenization services to protect sensitive payment data.
  • Unified currency management for converting various forms of digital value.
  • Seamless checkout integration for online retailers (plugin/SDK).
  • Mobile applications for iOS and Android with Scan & Go functionality.
  • API access for third-party integrations.
  • Loyalty program integration and management.
  • Personalized recommendations engine.
  • Digital receipt storage and management.

Technology Stack

Java J2EE
Angular
Swift
Kotlin
Java
Kotlin (Android)

Third-Party Integrations

  • Retailer eCommerce platforms
  • Payment gateways
  • Loyalty program providers
  • Coupon/Gift card providers
  • Third-party application SDKs

Quality Attributes

  • High security and data privacy (PCI DSS compliance)
  • Scalability to handle a large number of users and transactions
  • Reliability and availability
  • Performance (fast checkout times)
  • Cross-platform compatibility
  • Maintainability and extensibility

Business Value

This project is expected to significantly enhance the customer buying experience, increase customer satisfaction, and drive revenue growth for retailers. By digitizing and aggregating various payment methods and loyalty programs, the platform will reduce checkout times, improve customer engagement, and enable personalized offers. The secure and unified nature of the platform will also reduce fraud risk and build trust with customers.

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