USE CASES

Success Stories: The Finalatix Solution: Cross-Border Mobile Wallet & Ecosystem

Problem: Digital Payment Friction in NewZealand

  • Prohibitive Merchant Costs: Small to medium-sized businesses in Australia and New Zealand are burdened by high transaction fees from legacy credit card networks.

  • Hardware Dependency: Many local merchants lack affordable, software-based tools to accept digital payments as the region moves toward a cashless economy.

  • Fragmented Financial Management: Individual users struggle with fragmented tools for bill payments, top-ups, and day-to-day spending instead of a unified digital hub.

  • Rigid Legacy Infrastructure: Traditional financial institutions often lack the API-first flexibility required to offer modern features like QR payments or instant bill splitting.

  • Onboarding Bottlenecks: Manual identity verification and paper-based document signing slow down user acquisition and increase operational overhead.

Solution: Unified Mobile Wallet & Savings Hub

  • Comprehensive Mobile Wallet Platform: We engineered a robust digital wallet for both individual and business users, backed by a high-performance web architecture to manage secure, high-volume transactions.

  • Instant Virtual Card Provisioning: We integrated a virtual card issuance engine, allowing users to generate digital Visa cards instantly within the app for immediate online and in-store spending.

  • Affordable Consumer-to-Merchant (C2M) Transactions: We prioritized making C2M transactions easier and more affordable, helping merchants reduce their reliance on high-fee payment networks.

  • Full-Spectrum Payment Utility: The app handles a wide range of financial tasks, including wallet top-ups, utility/bill payments, and card payments QR code Payments, Split Payments, all within a single interface.

  • Seamless Web Backend Integration: We developed a dedicated web portal with full backend integration, ensuring that business administrators have real-time visibility into transaction flows and user data.

  • Modern Consumer Tools: The platform includes high-engagement features such as QR code scanning, bill splitting, and a referral/loyalty engine to drive user adoption.

  • Automated e-KYC & Compliance: We integrated third-party e-KYC checks, ensuring that user identity verification is instant and compliant with strict ANZ anti-money laundering regulations.

  • Digital Document Execution: To streamline onboarding, we integrated third-party document sign-offs, allowing for secure, legally binding digital agreements within the app.

  • Cloud-Hosted Infrastructure Management: By utilizing a cloud-hosted backend, we ensured the platform can scale instantly to handle spikes in transaction volume without performance lag.

  • Dual-Platform Native Performance: We delivered native iOS and Android applications, fully optimized for FaceID/biometrics and NFC “Tap-to-Pay” to rival top-tier global payment apps.

  • Offshore Engineering Efficiency: By utilizing our development centers, we built this enterprise-grade ANZ payment ecosystem with 24/7 support at a highly competitive cost.

Results

By deploying a native iOS and Android wallet platform with instant virtual card integration, we empowered users across New Zealand with a seamless “tap-to-pay” experience. The solution reduced merchant fees through affordable C2M rails, streamlined onboarding via automated e-KYC, and utilized cloud-hosted infrastructure to ensure secure, high-volume transaction processing at an optimized offshore development cost.