Banking · Financial Services

What to consider while integrating an E-Wallet and Merchant Account with a Banking Institution?


January 26th, 2017

We would like to get diverse views on possible issues and opportunities for an online network to start offering payment services in partnership with a banking institution.

We list business opportunities/service providers online though no transaction goes through us, hence, a lost opportunity. We would like to add payment facility such that users can exchange services and can receive payment both online and in-store.

Basic E-Wallet and Merchant Account usually has:

Adding an E-Wallet Facility

Allow transactions between E-Wallets

Allowing Merchants to receive payment online and in-store

Providing special offerings

We are still at product development stage and aligning the features with the needs of a specific banking insitution to consider it an extension to the work with their customers.

Any suggestions are appreciated.