Sonar Effect Inside Button

Digital Wallet Ecosystem: "Digital Vault" - Sector FinTech Industry

Exergy Systems introduced “Digital Vault,” a digital wallet ecosystem, fostering contactless transactions and enhancing financial operations for consumers and merchants, promoting safety and expanding digital footprints amidst public health concerns.

Challenge

Developing “Digital Vault,” a seamless digital wallet to simplify transactions and enable contactless interactions, posed significant challenges. These included persuading traditional businesses to embrace this new platform, ensuring interoperability across diverse banking systems, and navigating stringent UK financial regulations. These obstacles demanded innovative solutions to build trust, ensure seamless integration, and maintain compliance, all while enhancing public health safety through reduced physical contact.

Solution

Exergy systems developed ‘Digital Vault’ a fully secure and UK compliant digital wallet ecosystem. With extensive on-ground training workshops for merchants, partnerships with major UK banks and continuous consultations with legal teams and regulatory bodies, Digital Vault effectively became a trusted choice :

Consumer App

Digital Payments via QR codes

01
Quick and secure transactions with just a scan.

Utility Bill Payments

02
Hassle-free payments for utilities like water, electricity, etc.

Inter-bank Fund Transfers

03
Easy movement of funds across different banks.

Pay to Merchants

04
Seamless payments at fast food chains, shopping malls, and other merchants.

Contact-less Cash Withdrawal

05
Innovative solution for safe withdrawals from partner ATMs, reducing the risk of infections like COVID-19.

Merchant App

Ledger Access

01
Merchants can effortlessly access their ledgers.

Financial Flow Monitoring

02
View and manage cash inflows and outflows.

Promotion Campaigns

03
Built-in tools to run and manage promotional campaigns, offering special deals and discounts to customers.

Results

Exergy Systems successfully launched “Digital Vault,” a state of the art UK compliant financial transactions ecosystem. A seamless, secure, and user-friendly digital wallet solution.

Enhanced Consumer Experience

Consumers enjoyed a one-stop-shop for their financial transactions. The flexibility to pay bills, shop, or withdraw cash without physical interaction reduced friction and improved their overall financial experience.

Empowered Merchants

Merchants benefited from a holistic view of their finances, and tools to engage customers. This, in turn, led to better business decisions and a boost in customer loyalty.

Safety First

Amid global health crises like COVID-19, contact-less transactions ensured that both consumers and merchants could continue their operations with minimized risks.

Expansion of Digital Footprint

The successful deployment of Digital Vault created an expansion in the digital footprint for many businesses, aligning with the growing global trend towards digitalization.

Conclusion
Exergy Systems’ “Digital Vault” emerged as a holistic digital wallet solution, bridging gaps between consumers and merchants, fostering trust, and promoting safety. It serves as a testament to Exergy Systems’ commitment to innovative solutions and digital transformations in the financial sector.

Are you Ready to get started?    

Staying up-to-date with the latest technology to ensure your solutions leverage the latest.
Book A Consultation
Exergy Systems came into existence with a passion to disrupt the digital businesses. We are all about providing a seamless tech experience that leave a lasting impact.
Follow On
Facebook Linkedin Mail-bulk Youtube
Exergy Systems came into existence with a passion to disrupt the digital businesses. We are all about providing a seamless tech experience that leave a lasting impact.
Follow On
Facebook Linkedin Mail-bulk Youtube
Copyright © 2023 Exergy Systems. All Right Reserved.