What Should We Call a Collection of Digital Wallets? A Gaggle, A Fleet, A Bunch, A Cluster, A Chain?

May 26, 2024

There are hundreds and hundreds of digital wallet providers out there: PayPal, Apple Pay, Google Pay, Samsung Pay, Stripe, Venmo, Cash App, MTN Mobile Money, Orange Money, M-Pesa, Alipay, WeChat Pay, Amazon Pay, Skrill, Neteller, Zelle, Revolut, TransferWise, PayZapp, PhonePe, Paytm, Airtm, Freecharge, Mobikwik, Yandex.Money, Qiwi Wallet, WebMoney, Payeer, AdvCash, EcoPayz, AstroPay, Entropay, Payza, Paysafecard, Uphold, Wirex, BitPay, Coinbase Wallet, Trust Wallet, MyEtherWallet—the list goes on.

The choice is overwhelming, and you might think that such a variety is beneficial for consumers. However, not every wallet has the reach you need. The big players dominate the market, but smaller niche wallets serve different clientele with unique needs. This fragmentation forces users to juggle multiple wallets on a single device, which can be frustrating and space-consuming, slowing down your phone and your mood.

Imagine Seamless Interoperability

What if you could enter any mobile phone number into your familiar app and be seamlessly routed to a partner bridge that services your needs? Picture this scenario: you use Apple Pay and want to send a cash remittance to someone in Nepal. If they also have Apple Pay, that’s great, but they still need to find a local partner to cash out the funds. They have to search for, download, and set up that option, and often, Apple Pay and the new option do not communicate.

Our Solution: “Swift” for Digital Wallets

Our solution is simple. We connect wallets across different territories. When you want to send funds to a friend in Pakistan or Turkey or Nepal even, all you need is their mobile number—our system takes care of the rest. Think of us as “The Swift for Digital Wallets” , a routing system that identifies the source and receiver, executing a smart contract to enable the transaction instantly. The sender never leaves your digital wallet app; they just provide the mobile number, and our API does the rest.

Cost-Effective and Inclusive

Our costs are super low, enabling wallets to absorb the expense as part of their low fees to customers. We aim to help wallets hit the 3% cross-border fee payment threshold advised by the World Bank. 

“We must continue lowering the transaction costs of remittances, so that this growing pool of money has as big an impact as possible on the poorest. Reducing these costs to an average of 5 percent (compared to the current average, which is roughly twice that) would save $15 billion.” – Bill Gates 2011

Ref: Remittance reality: Getting to 3% and beyond (worldbank.org)

Building the Future of Digital Wallets

The future of finance is in digital wallets and this is the future of digital wallets, and we are busy building this network and infrastructure. The response and appetite have been overwhelming. We are finalizing our first pilot trial before rolling it out to our growing waiting list. If your company’s digital wallet wants to be connected to our digital network, please visit our fintech landing page and complete the web form. We will contact you to get started with the process, and once our trial is complete, we will start unlocking other wallets and bridges.

Get Started Today

Don’t let your fintech get left behind. Get started today and join the future of seamless digital wallet transactions.

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