Mobile Wallets are witnessing increased adoption across geographies. Based on a recent study, Global Mobile Market is expected to exceed US$ 5 Trillion by end of 2020, growing at CAGR of 127.5% from 2013 to 2020. The value perception of mobile wallets have significantly changed from just being a payment tool to that of customer acquisition mechanism and further more a customer engagement tool. In addition to high smartphone penetration levels, the other key drivers for Mobile wallet adoption are greater convenience & accessibility, increasing customer usage of VAS & Enhanced Security.
Keeping this factors in mind, we have developed our Wallet solution on QRys digital platform which can be leveraged by any bank as their own Mobile Wallet. Through this QRys Mobile Wallet, banks can offer its customers various services like Utility Bill Payments, DTH & Mobile Top Ups; Allow customers to buy services, Transfer funds to other wallets, Share wallet with friends & relatives and many more.
QRys Mobile Wallet is equipped with a unique feature for QR Code basis transactions through which customers can transfer money from their wallet to other friends and relatives (P2P, P2A) and also to Merchants (P2M). QRys Mobile Wallet solution is currently available on iOS, Android & Windows platforms.