xpWallet unveils its first-of-its-kind NFC Retail shopping solution

April 29, 2013 - PRLog -- Innovative payment solution has become the identity for xpWallet as again the company has unveiled its first-of-its-kind NFC Retail Shopping Solution for shopping malls, retail chain stores, food courts, and canteens etc., enhancing fund availability and providing the users with more expenditure capability.

An NFC prepaid payment card enables users to load the card with the amount they want and tap for all the purchases made at the shopping area. They can also earn points by using the card, which they can redeem anytime.

The solution requires no extra hardware but just one NFC phone/Reader which will do everything to provide the service for the users. Service providers have freedom to start the service immediately since implementation requires absolute minimum licensing and set up fee. Additionally, the system can also be easily integrated with the existing systems. On the other hand, users will need just an NFC card or NFC tag which can be stuck on phone, wrist watch, keycard, or any plastic card.

“The contactless point-of-sale market is significantly growing which is going to be the next big thing for prepaid payment systems,” says Shashi K Singh, Business Development Manager at xpWallet.  “xpWallet NFC prepaid payment card/tag will have a profound impact on user’s expenditure behavior, saving a huge amount of transaction fee paid to credit/debit card company.”

For the smart shopping style users are sent instant notifications & SMS alert for their shopping and balance. While for security perspective, user can notify to block the card or call customer care number, assured compensation in case of any fraud & theft.

About xpWallet

xpWallet is a mobile wallet solution provider, emerging in the growing space of mobile financial services & mobile payment solutions. xpWallet offers a complete end-to-end  and different types of turnkey mobile wallet solutions suitable for telcos, banks, financial institutions or companies, and transport companies all across the world. All these solutions can be accessed from different platforms like USSD, SMS, NFC, Web, J2ME, Android, BlackBerry, POS machines.

xpWallet’s next generation mobile wallet solutions are available under SaaS, enterprise Licensing as well as white label business model, making it more efficient and cost effective. For more information, please visit www.xpwallet.com

Media Contacts:

Simran Anand

PR Manager - xpWallet

media@xpwallet.com