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payware
payware provides a platform for cashless payments' initiation between individuals and merchants.
The platform integrates with existing applications for mobile payment applications and enables modern payment account-to-account alternative to cards' and open-banking rails.
Profitability
✔ eliminates POS terminals and cards’ schemas related cost
✔ significant improvement in transaction related cost
✔ reduces e-wallet/mobile banking development cost
✔ payware integration allows payments through e-wallet/mobile banking application to all network merchants
Customer/Merchant inclusion
✔ digitally enables the unbanked and underbanked
✔ onboard customers with mobile phones without NFC
✔ onboard customers with Apple mobile phones (without integration with ApplePay)
✔ digitally enables hardware infeasible sales (POS terminal is expensive or impossible to use)
Security and technology
✔ substantial increase in transaction security by reversed information flow
✔ improved transaction speed
✔ allows users to pay by scanning NFC tags , QR codes, bar codes, listen to a sound or by sending a link or a text
Financial institutions interested in payware:
✔ want to optimize their cashless payments operating costs;
✔ plan to add innovative digital services to the existing mobile banking application or an e-wallet;
✔ want to provide an alternative to real and virtual payment POS terminals.
References:
Financial institutions section on the company's website: https://payware.eu/financial-institution/
Presentation: https://url.payware.eu/fi-overview
One page short description: https://url.payware.eu/OnePageFI
Video demonstrations: https://url.payware.eu/youtube