E- Wallet

E-Wallet in a glance

E-Wallet is a virtual account that allows efficiently manage payments, including paying its Affiliates. It provides great flexibility and preference options to the participant by offering various methods to receive funds such as Bank Account, Wire Transfer, transfer to existing debit card, prepaid card, and others.

The biggest advantage in using a wallet is safety. You can load wallets whenever you want - even just before a transaction - with even the exact amount you are going to spend. This is a big advantage unlike debit cards, where you have to be extra careful as they can have big balances or a huge credit limit.

If you are shopping online, while making the payment, you have to select the Wallets option, select the wallet you want to use and give your wallet credentials. You will get a One Time Password (OTP) in the mobile. Once you key in the OTP, the payment goes through.

While using it in physical stores, there are several ways in which wallets operate. For instance, if you are making a payment, you have to input the billed amount following which a barcode is displayed in the mobile, which the cashier has to just scan for the payment. You don’t have to hand over your mobile to the cashier and avoid the risk of skimmers that can steal card data.

Eniac E-Wallet platform

An electronic money processing platform gives you the opportunity to build your own payment business without starting from scratch, Full-fledged payment system for all kinds of payments and transfers. Whether you operate financial services company, a retail network or a telecom operator – our E-wallet solution will bring your business to the next level, allowing you to harness up-to-date tech trends.

Eniac E-Wallet platform is a proven, robust and scalable electronic wallet solution for developed and developing markets. It can be used to transact any item that can be counted or unitized. Principal uses are money, but also include loyalty points, coupons, tokens and any other unit, such as kilowatts of energy.

E-Wallet for business

Also it enables service providers to offer a broad range of new and innovative services to their customers and clients who can be accessed from point of sales devices, mobile phones, or traditional cards complemented with power of latest technologies like, Bluetooth, QR codes to advanced mobile applications.

E-Wallet For customer

Our digital wallet system enable users to set up and manage personal accounts and perform transactions over the Internet – including via mobile devices – and/or via magnetic stripe cards, private-label cards and near field communications (NFC) equipped devices. Digital Wallet saves users’ cards for easy future transactions. They are required to save and validate their card details in the digital wallet only once. Once registered, they just have to remember the digital wallet username and password and can use their saved cards from the digital wallets itself. That is, digital wallets save users card details for faster and easier transactions.

Branded digital wallet solutions are fast and easy to integrate with your existing system, and provide a way for you to take innovative new services to market fast.

Loyalty Points
Virtual currencies


Security:Financial industry security standards are incorporated into the system to ensure customer confidence in using the platform. Even with the convenience of payment, many consumers are worried about the security of the cards. There have been stories in the media about criminals skimming card data using smartphones to read the tap cards in consumers' wallets. For this reason, cardholders have zero liability if their tap card is used without their authorization.

Access:The business rules for a transaction have been abstracted from the transaction device enabling customers to use a wide variety of card and devices to perform transactions.

Digital Wallet uses other modules to integrate with telecommunications infrastructure, financial institutions, and other third-parties using standards-based and proprietary protocols.

Supporting various types of terminals

The technology can be provided as turnkey, physical plastic cardholders, or hosted solution enabling financial institutions, retailers, payment service providers, merchants, banks, telecom operators, utility providers or other businesses to offer their customers smart and practically branded services. Real-life business and use cases for financial and non-financial electronic wallet include:

Cash replacement using NFC, mag stripe and private-label cards

Bill and membership payments include scheduling payment intervals

Managing pre-paid accounts for public transport, road tolls, mobile/Internet usage, etc.

Enabling in-store and online micropayments

Electronic Purse functionality for closed user groups such as schools, sporting and social clubs

Conducting Government payments and issue of emergency relief via mobile devices

Entertainment and transport ticketing

Mobile Banking and ATMs

Automating existing loyalty and coupon programs

Cost-effective and convenient fund transfers and peer-to-peer transactions

Remitting contractor payments and corporate expenses