Stylopay offers an open platform technology for Contact‐Less payments and mobile wallets with unique security features through tokenization enabling one to use the smartphone in a simple and secure way.
StyloPay - an innovator in building mobile payment solutions.
In today’s world of evolving payment systems from new kinds of cards to mobile payment technologies, our APIs for industry specific mobile wallet solutions, coupled with several value added services, address the large gaps of markets like Hospitality, Travel, Education and existing mobile applications that as a result empower the business owners (our partners) to penetrate the untapped market and create new revenue streams.
Wallets powered by StyloPay leverage NFC, is network independent and masks card authentication details. This, at a low cost and without the accompanying hassles, enables our partners to quickly launch their own branded mobile wallet services.
We have completed build and relevant partnerships are in place. The MasterCard and VISA certifications are in progress. Fifty hotels in London have agreed to run our ‘Hotel Wallet’ pilot from 2016.
PRODUCTS & SERVICES:
Contact-less payment platform
PRODUCTS & SERVICES:
We have build an open loop payments platform conforming to Mastercard and Visa specifications. The platform includes issuance and digitisation functionalities and is available on a re-brandable basis. Industry specific value adds are included to address gaps in markets like Hospitality, Travel, Education and existing mobile Apps. Wallets powered by Stylopay leverage NFC, is network independent and masks card PANs. This, at a low cost and without the accompanying hassles of integrating with the payment ecosystem.
Stylopay's wallet APIs enable FIs to launch digital wallets hassle free and quick. One such wallet being designed is the international digital wallet that supports multiple currencies. SMBs in the identified markets can now offer branded industry wallet solutions to their customers and improve customer satisfaction and revenues.
To our customers, we will be the aggregator of global issuers and processors that will simplify and reduce their time and cost to launch wallets
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TOP PROBLEM SOLVED:
Stylopay addresses two B2B markets.
The first is Financial Institutions, Banks and Issuers. Problem solved is the availability of an HCE and Issuance platforms, through which they can issue mobile wallet and cards quickly at a low cost.
The second is small business (SMB) & Payment Innovators. Problem solved is the availability of APIs that enables them to issue wallets with industry specific features.
For example, in Hospitality, International travelers are worried about vulnerability of international cards and ability to easily convert foreign currency. They ask for information on local travel and places of interest. Small businesses (SMBs) in these markets would like to offer branded payment solution to their customers and improve customer satisfaction, retention and revenues.
Stylopay's re-brandable payment platform solves the problems of both parties. SMBs can issue industry specific mobile wallets and cards, at a low cost and hassle free, by leveraging Stylopay's wallet APIs . Travelers can use the multi-functional mobile application to improve security and convenience. Stylopay wallet leverages NFC, is network independent and masks card authentication details.
Similarly, in education market, Stylopay solves the problem of multiple instruments for ID, access and monetary transactions through the Student wallet.