Digital Wallet For Cashless Micropayments

Azilen implemented a safe and secured ecosystem to accomplish a Digital Wallet that enables individuals to send or receive payment, bringing ease and continuous novelty leveraging technology.

The solution enhanced the users to move forward into a secured digital space and to a better opportunity to manage and track all their spending under a single roof.

With a target to reach out to the maximum number of the user group, the platform also supported wallet usage without the need for any bank account/plastic money or even a smartphone.

The users were able to register with assisted registration & top-up their wallets from defined spots around their regions. The solution also supported to send/receive payment and keep of track of their wallet via USSD (Unstructured Supplementary Service Data) from any simple GSM device.

An innovative product was implemented that can be utilized in a form to bring in financial inclusion with :

• AI-based user identity verification & registration to prevent frauds.
• Variety of interface for end-user: Mobile application for iOS & Android, web platform, WhatsApp Bot & USSD based transaction.
• E-Commerce portal and retailers with POS system were able to easily integrate with the ready available API’s and library.
• A web-based administrative panel for managing all the platforms & providing an intuitive customer experience.
• The solution was also integrated with Masterpass that allowed the users & local store owners to receive payment from any of the Mastercard enabled application.
• Geo-fence based location tracking to withdraw and deposit cash from nearby ATM’s.
• Also, users were able to make various bills payment from the mobile application & an in-app-shop to purchase mobile vouchers and coupons.

Cloud-based Enterprise Architecture

We implemented a powerful architectural solution for fintech consumer management by forming a Digital Wallet which contained – payment gateways, card issuing & acceptance, bank integration & authentication, KYC, QR code payments and numerous other capabilities required by an enterprise fintech industry, in a PCI compliant cloud-based environment.

• POPIA compliant SaaS in a Serverless Environment, offering a Unified Reactive & Imperative Programming Model to optimally addresses a wider range of distributed application architectures with a reduced cost and time
• SOC 2 and ISO 27001 compliant multi-tenant architecture having SaaS-based orchestration framework and cohesive design with loosely coupled APIs
• AAA (Authorization Authentication Accounting) secured framework for crypto currency, cross border payment, payment integrations, VAS and many more such functionalities
• Microservices Architecture, transformed from Monolith, having multi-layered networking for a highly secured firewall and payment transactions