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Puerto Rico
USA
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Overview
Cutting-Edge Payment Technology for the New Digital Age
InnoWallet is a comprehensive payments platform designed to empower digital brands and banks to take control of their payment infrastructure. Built on a robust microservices architecture, it seamlessly integrates with existing systems, enabling digital brands to enhance their capabilities while allowing banks to strategically embed financial services.
A Digital-First, Seamless Payment Experience
Gain immediate access to funds and experience frictionless payments tailored to benefit both users and businesses
A Secure, Closed-Loop Ecosystem
Enhance security by minimizing transaction hops, reducing fraud risk, and ensuring secure, streamlined processing
Democratized Payments with Greater Control
Reduce your reliance on traditional card schemes and gain greater control over payment operations with account-to-account transfers and stored value facilities (SVF)
Advanced Financial Reconciliation
Leverage dual entry ledger accounting to ensure alignment between central ledger and pool account balances, providing reliable financial operations with customizable tracking and reporting
Payments Simplified
With secure, fast, and flexible options, InnoWallet goes beyond a digital wallet to function as a Payment-as-a-Service solution, simplifying integration and elevating payment experiences.
Scalable & Flexible
SaaS-Based & API Ready: Seamless developer integration
Highly Available & Scalable: Grow the platform in-step with your business
Cloud Agnostic: Operate on any cloud infrastructure
Real-time Monitoring: Stay ahead with up-to-the-second analytical insights
Platform Functions
Customer Ledger: Manage all customer transactions in one place
White-Labelled Wallets: Customize wallets to align with your brand
API Developer Portal: Access tools and resources for easy integration
Simple Account Management
Self-Managed Accounts: Manage virtual, internal, and beneficiary accounts effortlessly
Multi-currency Support: Seamlessly handle multiple currencies
Ledger Management: Organize, categorize, and track all ledger activities with ease
Money Movement
QR Code & NFC-Based Payments: Experience fast, secure payments
Pay In/Out: Efficiently handle funds in/funds out
Closed-Loop Systems: Enhance efficiency by minimizing transaction hops
Multiple Payment Rails: Gain real-time ACH, PG, and more
Programmatic Payments & Requests: Automate your payment processes
Comprehensive Oversight
Instant Alerts: Stay informed with critical notifications
Statements & Reporting: Access detailed reports and monitor customers, merchants, and users at various levels through interactive dashboards:
- Accounts
- Balances
- Transactions
Seamless Integrations
Payment Rails & Bank Integrations: Connect with various third-party systems
KYC, AML, & Fraud Management: Ensure security and compliance
Rewards Management: Boost engagement with reward programs
Additional Features
Customer & Merchant Onboarding: Access a quick and easy onboarding process
User & Outlet Management: Easily manage merchant outlets and users
Reconciliation & Account Verification: Ensure smooth financial operations
Data Security: End-to-end encryption and tokenization for maximum security
Digital Wallets – The Future of Payments
Gen Z's Choice
60% of Gen Z consumers prefer digital wallets, highlighting their appeal to tech-savvy audiences
Fast & Seamless
Enjoy frictionless payments with dynamic QR codes, enabling transactions faster than manual card entry
Flexible & Social
Easily reload wallets and make peer-to-peer transfers, which have grown by over 30% year-on-year—blending convenience with social connectivity
Boost Profits & Engage Customers
Cut transaction fees by 1.5% to 3%, streamline payments, and offer value-added services like ticket bookings and coupon sales
Primary Interaction Channel
Replace SMS and email advertising with more engaging, interactive customer experiences
Increase in Lifetime Value
Branded payments drive larger baskets and higher repeat purchase rates, leading to a 25% boost in customer lifetime value
Leveraging InnoWallet & Payments Simplified Across Industries
Quick Service Restaurant (QSR) Operators & Retail Stores
- A range of payment collection options (e.g., in-store, online, pay ahead, pay later, and split payments)
- Diverse payment types (e.g., in-app purchases, request-to-pay, and QR codes)
- Rewards management and instant refunds
- Gifting options for customer engagement
- Transfers for controlled expenses (e.g., family and employees)
Benefits
- Cost savings from reduced MDR (card fees)
- Improved outreach through targeted and personalized marketing
- Increased average order value and customer loyalty
- Enhanced business insights through analytics
- Control over the customer payment experience with seamless transactions
- Faster cash realization without waiting for sales to finalize
Event Organizers, Theme Parks, & Recreation Centers
- Event ticketing with digital storage and access
- Quick payments
- Product and service sales via the app (e.g., pre-event, during the event, and post-event)
- Implementing loyalty programs and rewards for attendees
Benefits
- Faster transactions reduce lines and waiting times
- Encourage community engagement and foster connections among attendees
- Target marketing through personalized offers and coupons
- Increase revenue and customer loyalty with enhanced engagement strategies
- Gain valuable business insights through analytics to refine future events
- Control the overall event experience for a seamless journey
Gaming Companies
- Load funds for spending on games and other products/services within the gaming ecosystem
- Redeem prizes quickly and easily
- Instant low-cost transfers to other players
- Enable micropayments for small transactions
- Store virtual currency for seamless transactions in the ecosystem
- Manage rewards and loyalty programs for players
Benefits
- Enhance the gaming experience by minimizing tedious top-ups
- Facilitate commerce within the gaming community
- Enable monetization of player achievements and in-game activities
- Allow winnings, refunds, and unspent funds to be utilized within the ecosystem, leading to increased sales
Telecom Providers
- Implement pay-as-you-go and pay-as-you-use models
- Offer digital subscriptions for various services
- Provide “bill to wallet” options alongside traditional billing to boost adoption
- Deliver partner offerings such as digital content (e.g., games, music, videos, and premium news articles)
- Enable micro-consumption of services and in-app purchases
Benefits
- Increase revenue by offering a wider range of products and services
- Enhance customer engagement through personalized offerings
- Facilitate the journey towards becoming a super app by integrating multiple services within one platform
The Innova Edge
A Trusted Partner in Innovation
We collaborate with businesses to drive innovation and transform business models, aligning with the evolving financial ecosystem
Futureproofing & Emerging Trends
The InnoWallet platform empowers businesses to adapt to future trends and innovations in the financial services industry, ensuring they stay ahead
Cost-Effective Subscription Pricing
Our subscription-based pricing model offers an affordable solution, allowing banks to provide digital wallet services to merchants without large upfront investments
Capex Savings
By choosing InnoWallet, businesses can significantly reduce capital expenditures while gaining cutting-edge digital wallet capabilities
Ready to Innovate with Us?