comscore 'MobileWallet' enters digital payment segment
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'MobileWallet' enters digital payment segment

The Mobile Wallet enables digital payments where users can make payments for daily requirements at their local kirana stores, utility bills and recharges make Travel Bookings etc.

  • Updated: March 18, 2016 3:20 PM IST
mobile-wallet-stock-image

The Mobile Wallet Pvt. Ltd. is a new age start up that has in the short period launched The Mobile Wallet. The Mobile Wallet (TMW), the Brain child of Vinay Kalantri, is a digital wallet providing a payment solution for customers and businesses that will make Life Easy for all concerned. Using QR (Quick Response) Code Technology, TMW will enable its users and merchants to make and accept payments using just their Mobile Phones in three simple steps. The technology will empower the merchant to accept payments without having to invest in POS machines and will make it simpler for every Indian to Go Cashless. Also Read - FASTag Update: How to recharge FASTag account for Electronic Toll Collection

Also Read - FASTag Latest Update: How to get FASTag wallet ID and activate it

Also Read - Mobile wallet transactions increased 40 times in India in five years: Gulshan Rai

The user of The Mobile Wallet will be able to make payments for daily requirements at their local kirana stores, utility bills and recharges, make Travel Bookings like (Domestic and International) Airline Ticket and hotel Reservations, Shop Online, transfer Money to Friends and Relatives, Request Money from Friends and Relatives, pay insurance premiums, shop at branded and high street stores among other benefits. The user will also be rewarded with Reward Points for all purchases made using the TMW App.

The Merchant can accept payments from their customers using the QR Code that would be assigned to them reducing the requirement of procuring large sums of Small Change in Coins and Currency Notes of Small Denomination thereby saving them time and money. Apart from the savings in time and money, the TMW Authorized Merchant will also have access to additional sources of business and revenue by simply using the TMW Merchant App.

ALSO READ: Micromax ties up with TranServ to launch a native mobile wallet for its smartphones

The Mobile Wallet (TMW) uses barcode and QR code technology to process payments. This encrypted transaction mode ensures safety, reliability and convenience. Both offline and online merchants can accept payments using this technology. The customer does not have to share their card and bank details with the merchant. Using a 256 bit encryption data security is maintained at all times. The Mobile Wallet has been designed keeping in mind safety, security and convenience of its users. The security lock code is just one way of ensuring that The Mobile Wallet app is extremely secure.

On downloading the app users are entitled for 50 reward points. Additional reward points are awarded on transactions using the “The Mobile Wallet” App. Users can also keep a track of their expenses done through “The Mobile Wallet” as it has a feature which displays their transaction history. With the Mobile Wallet, sending and receiving money among friends will be effortless.

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  • Published Date: March 18, 2016 3:15 PM IST
  • Updated Date: March 18, 2016 3:20 PM IST



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