Businesses of all sizes must focus on creating a payment infrastructure that provides an array of customer experiences, along with finding new channels of revenue. Choosing the right payment processing partner has never been more critical to your bottom line.
Executive Summary:
The horizons of digital wallets are broadening by the day and changing rapidly. It is not only about offering an alternate payment method.
Businesses of all sizes must focus on creating a payment infrastructure that provides an array of customer experiences, along with finding new channels of revenue. Choosing the right payment processing partner has never been more critical to your bottom line.
Digital wallets have varied functions, including P2P payments and other payment methods, balance inquiry and reporting functions, supporting loyalty programs and acting as a marketplace.
In terms of economics, mobile wallets are enablers of commerce in lieu of a standalone revenue generator. An additional benefit is to increase customer retention by bridging the gap between customer and financial institutions.
The Age of Fast Buying
The fast evolution of payment technology coupled with demographic trends across the globe shows the growing demand among consumers for a hassle-free and quick checkout experience. According to a recent study by JP Morgan Chase,
Across the globe, the trend is universal,
The Challenges in Payment Scenario:
While financial solutions are available aplenty in the existing ecosystem, the gap lies in providing a unified end to end platform, which caters to both businesses and consumers alike. Businesses are looking for additional revenue streams, and consumers are waiting to discover more convenient means of engaging with businesses.
Thus, the need arises for a comprehensive and all-encompassing solution that will ensure a robust cash flow into the system.
Driving Growth for Economy
Digital wallets have the potential to create new revenue opportunities and aid service enhancement and differentiation for various players from different eco-systems encompassing mobile, retail and financial services.
Wallets have resulted in an unprecedented explosion in digital wallet service launches, globally where online players, operators, vendors, banks, merchants are battling for a market share. It is the point of convergence for remote as well as proximity payments, mobile advertising and a whole lot of value-added services.
One of the first features of a digital wallet is that it has the potential to generate exponential amounts of customer & financial data. This data is particularly useful for merchants and advertisers as it helps them in targeted marketing.
The Wallet of the Future:
The Solution: Diksha MFS
Diksha presents its integrated Mobile Financial Solution (MFS). It is a payment-enabled mobile marketplace that drives businesses towards digitization and provides additional revenue streams for the company. It is intended to improve consumer convenience, leverage data, serve up offers, lessen friction, or lower the cost of payments.
WALLET | MARKETPLACE | PAYMENT GATEWAY INTEGRATION| ADVANCED ANALYTICS & REPORT
Redefining the Roadmap from Financial Inclusion to Enrichment: A One-Stop Solution
Ease of onboarding merchants
Hassle-free payments on utility and mobile bills
Inbuilt digital wallet
Branded product and inventory catalog for merchant services
Real-time integration to banks, partners and businesses
P2P transactions through QR code or mobile number
Help bot to improve customer experience
Digital marketplace
Add additional revenue streams for merchants
Increase Service Offerings
Efficient Inventory / Delivery Management
B2B & B2C Acquisition
Unified Platform for Multiple Merchants
CROSS – INDUSTRY FUNCTIONALITIES:
TELECOM:
UTILITY:
BFSI:
To know more about Diksha MFS, write to us at connect@dikshatech.com
For more information visit: https://www.dikshatech.com/platforms/mobile_financial_solutions/
https://www.dikshatech.com
9900158956