Solutions

Mobile Payment

The mobile payment market is estimated to reach more than $600 billion in transactions worldwide by 2013. In order to achieve this level of consumer adoption, the mobile payment market needs to facilitate more robust financial offerings, build on the existing level of trust with consumers an migrate them to higher value behaviors.

Margento is at the forefront of this migration process, enabling the key elements now: convenience, reliability and security.

The Margento Mobile Payments is a comprehensive, scalable, flexible, secure and proven solution that enables everybody to use their phones to pay for products and services at various manned or unmanned points of sale, driving customer experience with convenient, reliable and secure payment option. Customers no longer need to carry cash or multiple plastic cards, but just their mobile phones to access any of their accounts.

It provides interfaces to a variety of payment mechanisms and vast range of dedicated POS terminals, enabling patented Data Over Voice based interaction between a consumer, their preferred payment mechanism, a merchant and payment processors.

With comprehensive online merchant and customer self-care management tools Margento Payments reaches out to the users, giving them the highest level of control.

Multiple payment accounts, single device.

Any purchase, whether it is micro or macro, can be charged to any of customer’s accounts – existing or newly created bank account, credit, debit, stored value, or even to their mobile phone account. Customers no longer need to carry several plastic cards in their pockets; instead, they can use their mobile phones to access any of theirs accounts.

One account, many users.

Margento enables customers to register secondary users and provide them with controlled mobile access to one or more of their payment accounts. Thus banks can also reach unbanked market (e.g. teenagers), and benefit from higher transaction volume.

Multiple services, one trusted partner.

Margento enables you, our partner, to assume an active role in the fast growing mobile payments market by building a vast network of third-party merchants and offering customers a quick and easy way to pay for tangible goods and a variety of services – including parking, public transit, admissions, event tickets etc.

Margento offers multiple services via one trusted device – mobile phone. Pure payments can be easily complemented by bonus and loyalty, mobile gifts and mobile coupons programs.

Margento Mobile Payment Scenario (click to enlarge)