Introduction
mWallet solution will connect the customers to smarter, more practical services. The solution is designed to make everyday financial transactions fast, cashless and mobile. mWallet Solution gives the subscribers a safe, easy to use and secure virtual wallet. mWallet will offer payment services, secure transactional services, and profile-driven value-added services. mWallet solution enables secure mobile transactions anywhere and anytime.
Subscribers can use multiple payment cards, different card brands, receipts, financial management and various other value-added services, such as coupons, ticketing and more, all from their mobile devices.
Features of mWallet Solution
 End to End coverage for deploying solution
- Pricing
- Purchasing
- Billing
- Payment Transaction
APIs for collecting and management of billing information, the message structure for synchronization between the Billing Agent and Billing Centre, and the data-base structure of the Billing Centre.
Standard interfaces to payment services for Service Providers & Aggregators
Flexible payment model (support of multiple payment systems / methods / instruments)
Flexible billing model
Secure handling of sensitive information
The transactions are based on Merchant ID & SMS (WAP Push link as well)
Security: Different type of authentication mechanism possible such as PIN (text or Voice): Similar to the upcoming chip and pin mechanism in debit cards
WAP push link provided to users on receiving their SMS request
Upon completion of transaction, i2i sends a confirmation SMS to merchants & Transaction details to operator
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