mobile payment

07-Market place

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Throughout the previous modules and components, our goal was to pave the way for a successful ecosystem market place. In essence, the market place was the end goal that we were building towards through all our previous efforts. The market place is the primary customer-facing product that will attract users to our ecosystem and encourage … Read more

06-Channels

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In a super-app ecosystem, channels refer to all available portals and interfaces that are published for customers, partners, and internal teams to access the ecosystem’s functionalities. This includes applications and interfaces that are designed for customers, as well as web portals that are available for partners and business entities to manage their business with additional … Read more

05-Reconcilation

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The reconciliation module is responsible for maintaining the integrity of the financial data by comparing the data in the super-app system reports against the data in parallel system reports. This process helps identify any discrepancies between the two sets of data and allows the system to reconcile any gaps. Counters The transaction counters module, on … Read more

04-Service

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To maintain a dynamic design, a service module is built to complement the account concept, thinking about service as the same way we trade on a daily basis. Paying at a POS machine moves funds from our card account to the merchant’s linked bank account, while paying money to friends involves cash flowing from our … Read more

03-Account

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Building a super-app ecosystem begins with how system accounts are defined. While traditional customer and merchant account types are great, they do not reflect the true meaning of an integrated ecosystem. Therefore, it’s essential to change the account definition from rigid definitions to an adaptable model that emulates real-life scenarios. As humans, we have different … Read more

02-Ecosystem

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In this book, we aim to present our vision for the new super-app era. We believe that the future of super-apps lies in creating a complete ecosystem that leverages the power of AI and new analysis tools to seamlessly link all integrated services. This ecosystem will enable the delivery of a rich and enhanced end-user … Read more

Mobile payment, some fraud thoughts!

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Like10 to15 years ago people used public coin phone booths to do their important calls on the go, on a daily bases it was familiar to see waiting line in front of the cabinet waiting for their turn.

Mobile payment, internal fraud

Coin phones,
Even though calls was clearly cheap, it was common to see some metal circles simulates the coin –Coin fraud– weight and size, in order to cheat the cabinet and establish a free phone call, and guess what? This fake coins was returned to other customers as change after finishing a call. You may also recall that coins connected to a wire where the user can pull it back after finishing his call.

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How to build the worst payment system in 10 steps! [Part2]

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How to build the worst payment system in 10 steps!Building a reliable and robust mobile payment system is always a challenge,it requires good analysis from business, marketing and technical teams together to deliver a simple, secure and convenient system to the end users. On the other side there are some trivial mistakes some people do, and this quick guide list some hints to help you to avoid making such mistakes unless your target is to build a system to fail!

This article is Part2 and you are advised to check Part1 to get a clear idea on how the article is listed.

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How to build the worst payment system in 10 steps!

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During my journey with mobile payments and payment gateways, I was lucky to see and evaluate multiple payment solutions and systems.I have seen a lot of amazing and well designed systems and was also lucky to see some other systems that scored very law on my evaluation charts. And guess that most of them disappeared now and failed as expected!
Worst mobile payment systemWithin this series I will list the most critical points I used in my evaluation as guide line for any one wants to build a system to fail, and it worth mentioning that you can use the below tips on your own risk with no liability on the author![Hint] I will add some comments after each tip for explanation.

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