Unyti – Mobile Wallet A New Channel for a New Age WHITEPAPER
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Unyti – Mobile WalletA New Channel for a New Age
WHITEPAPER
PSD2 came as a promise of banking disruption,
opening the doors for thirdparty providers in
Europe. Global mobile payment providers have
already jumped in to exploit the void and need
for mobile money management services.
Today, customers want the ability to do everything on-thego:
purchasing, paying bills and transferring money. What they want
more than anything is ease and convenience.
The use of mobile payments is set to continue its inexorable rise
and become the second most common payment method after
debit cards by 2022.
2 comtradefintech.comWHITEPAPER | Unyti Mobile Wallet
Unyti Mobile WalletMoney Management Made Easy
To meet these needs, Comtrade has developed Unyti, a mobile wallet
app which was designed to integrate with banks, enable quick and
simple transfers of small amounts of money, allow users to pay on-thego,
and offer in-app advertising opportunities for business users.
The Unyti mobile wallet enables banks to increase customer loyalty and
provide the sought-after ease and convenience. Unyti opens a new
communication channel between banks and their customers, as well as
novel revenue generation opportunities.
Unyti’s seamless usage entails swift and easy transfers of small amounts
of money between friends and family members, and represents a new,
modern and safe payment method. Unyti also allows you to make
domestic payment orders, goods and services.
3 comtradefintech.comWHITEPAPER | Unyti Mobile Wallet
Transferring Funds
Transferring funds is simple. It’s a four-step process that requires users to
provide the following to complete a transfer:
$ Recipient contact information
$ Transfer amount (amounts are limited due to security reasons)
$ Transfer purpose
Banks use recipients’ GSM numbers or Facebook profiles for identification.
Transferring funds essentially boils down to selecting a recipient from a phone,
email, or Facebook contact list.
The Synergy between Unytiand TelecommunicationsThe collaboration between banks and telco operators is opening up new
opportunities for quick and effective market entry, and represents a source of
additional revenue generation. Unyti enables telco users to create an account
through their bank. Payments are processed through internet connection.
4 comtradefintech.comWHITEPAPER | Unyti Mobile Wallet
System Overview
5
System Overview
comtradefintech.comWHITEPAPER | Unyti Mobile Wallet
Solution ArchitectureUnyti architecture is based on several elements:
$ Web services (secure communication and integration)
$ Mobile app (native and web)
$ Widgets (easy access to commonly-used functions)
$ Real-time notifications
Security
Mobile wallet is a beneficial modern solution that provides secure payment for its
users. Every user’s transaction is executed using a token, combined with a
one-time security code or PIN.
To be compliant with the highest security standards, Unyti relies on:
$ mToken (a strong user authentication process requiring
a one-time password)
$ Fraud Detection System (identifying and blocking suspicious
This level of security has several benefits that protect user’s funds. If a user loses or
has their phone stolen, their card details are safely stored on the cloud, protected
by a passcode. Merchants can’t access user data, because of the transferred data’s
encrypted nature.
6 comtradefintech.comWHITEPAPER | Unyti Mobile Wallet
47
Functionalities
comtradefintech.comWHITEPAPER | Unyti Mobile Wallet
Seamless and user-friendly onboarding
Unyti onboarding helps banks orchestrate a full customer lifecycle, with anend-to-end customer journey, regardless of the platform which the user isusing (mobile or web). It also enables banks to provide a guided customerexperience, catering to the needs of younger generations.
End-user account creation
Beforehand KYC and AML/PEP integration enables banks to offer a customer
onboarding journey which captures more customers, thanks to the outstanding
digital experience which increases satisfaction and time to revenue.
Merchant account creation
Onboarding and origination for SME Banking cuts down on business onboarding
times, streamlines KYC/AML data capture, and accelerates time to market.
KYC
Fully integrated KYC/AML requirements automatically apply due todiligence procedures on each application, improving both compliance andoperational efficiency.
Digital channel enrollment and reactivation
Simple enrollment covers both enrollment and reactivation, meaning users who
have forgotten their passwords don’t need to know their credentials for other
channels.
Payments
Unyti covers a variety of payment options and methods; P2P, ASK 4MONEY, P2M, TOPUP, E-COMMERCE.
Authorized accounts
Unyti enables users to create subaccounts with predefined limits for theirchildren, parents and other relatives.
E-bills
Users can do more than transfer funds; distribution and simple paymentsof utility bills are just a few taps away when using Unyti.
8 comtradefintech.comWHITEPAPER | Unyti Mobile Wallet
Seamless and user-friendly onboarding
Unyti onboarding helps banks orchestrate a full customer lifecycle, with anend-to-end customer journey, regardless of the platform which the user isusing (mobile or web). It also enables banks to provide a guided customerexperience, catering to the needs of younger generations.
End-user account creation
Beforehand KYC and AML/PEP integration enables banks to offer a customer
onboarding journey which captures more customers, thanks to the outstanding
digital experience which increases satisfaction and time to revenue.
Merchant account creation
Onboarding and origination for SME Banking cuts down on business onboarding
times, streamlines KYC/AML data capture, and accelerates time to market.
KYC
Fully integrated KYC/AML requirements automatically apply due todiligence procedures on each application, improving both compliance andoperational efficiency.
Digital channel enrollment and reactivation
Simple enrollment covers both enrollment and reactivation, meaning users who
have forgotten their passwords don’t need to know their credentials for other
channels.
Payments
Unyti covers a variety of payment options and methods; P2P, ASK 4MONEY, P2M, TOPUP, E-COMMERCE.
Authorized accounts
Unyti enables users to create subaccounts with predefined limits for theirchildren, parents and other relatives.
E-bills
Users can do more than transfer funds; distribution and simple paymentsof utility bills are just a few taps away when using Unyti.
9
Unyti benefits for users
$�Seamless usage
$ High security standards
$ P2P/P2M payments
$ Integrated loyalty
$ Instant transfer
$ Personal Finance Management
$ Fun & social
Unyti benefits for banks
$�Reach new customers
$ Seize market opportunities
$ Extend your ecosystem
$ All-day banking
$ P2P/P2M payments
$ Cross-selling platform
$�Adapted to Millenilans&GenZ
Unyti benefits for merchants
$�Direct communication channel
$�E-commerce payments
$�Extend your ecosystem
$�Integrated loyalty
$�Higher conversion rates
$�Sales acquisition
$�Adapted to Millennials&GenZ
comtradefintech.comWHITEPAPER | Unyti Mobile WalletWHITEPAPER | Unyti Mobile Wallet
Comtrade d.o.o.Letališka cesta 29b
1000 LjubljanaSlovenia
E-mail: [email protected]
comtradefintech.com
Related Documents
