A traditional wallet stores cash and plastic cards, which the consumers use to make payments at merchant stores. However, a physical wallet can be stolen or lost. BankFlex Contactless Mobile Wallet retains the familiar features of a digital wallet while eliminating the inconvenience and risks.
BankFlex® Contactless Mobile Wallet transforms traditional wallets into digital version of real-world wallets on mobile phones. It empowers customers to make payments for buying a product and/or a service at merchants' POS through a contactless interface using near-field communication (NFC) of their mobile wallet.
Beyond POS transactions, the solution extends its functionality to ATMs, branches, and agent networks, offering a seamless and secure way to manage financial transactions. The customers can choose to operate the digital wallet using a BankFlex® Wallet Account, which can be linked to bank accounts or cards for enhanced flexibility.
BankFlex® Mobile Wallet comprises of several services, some of those are standard and some others are based on NFC capability on the mobile device and participating POS terminals. BankFlex® Mobile Wallet is built as a pure native iOS and Android app. Hence, it leverages modern technologies for faster roll outs, easy maintenance, and a smooth user experience.
Versatile Instrument Holder: BankFlex® Mobile Wallet can hold other financial instruments like loyalty cards, coupons, and pre-paid cards.
Seamless Payments: Allows customers to make payments through mobile mWallet at POS terminals, ATMs, branches, agent locations, and more.
Enhanced Flexibility: Enables Transaction via mWallet across multiple locations.
Highly Secured: Ensures safe, private transactions with industry-leading security measures.
