challenges

MOBILE WALLET OF THE FUTURE

Challenge ID
59
Opening
Mar-21-2019
Closing
Apr-10-2019

Type of Challenge: Enhanced mobile wallet functionalities

Launch Date: March 21, 2019

Submission Deadline: April 2, 2019

Startup Applicants
MVP Stage: Yes, preferably, with a successful implementation in the financial services space

Region: Any

Problem Statement:

The Middle East is welcoming a digital payments revolution, and mobile payments can take the lead. However, the offerings among current wallets are very similar and undifferentiated.

Additional explanation:

A solution for differentiating any of the functionalities of P2P (Peer to peer transfers), P2M (Peer to merchant transfers), cross border payments, social payments, PFM, spends analysis, budgeting and management, offer management, etc. within mobile wallet solutions.

Value added features like integrated chat and voice bots, predictive analytics, contextual payment prompts, etc. could also be explored.

Tags:

#Digital_payments, #enhanced_mobile_wallet, #P2P, #P2M, #social_payments, #cross_border_payments, #chat

Reward: USD 5,000 towards a PoC, which may be followed by full-fledged implementation, if found to be scalable and commercially viable.  The PoC shall be judged by a panel of subject matter experts from Finablr and Fintech Galaxy.

Finablr continues to remain focused on its innovation strategy and path-breaking technologies, under which participants may also be considered for strategic investments by the Group.

about

Finablr is a global platform that brings together full-service Payments and Foreign Exchange solutions underpinned by modern and proprietary technology. Finablr provides an omnichannel proposition for payments and foreign exchange solutions tailored to the requirements of a diverse customer base. Our global network and reach are complemented by a state-of-the-art technology platform coupled with end-to-end operating capabilities that enables us to provide a superior experience to our customers – any time, every time. Finablr Network Brands include category renowned brands such as UAE Exchange, Travelex, Xpress Money, Unimoni, Remit2India, Ditto and Swych. For more information, please visit www.finablr.com .

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