Finovate Debuts: OnlinePay.com’s Mobile Wallet Review

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Onlinepay.com has created a mobile wallet for shopping, topping up online accounts, and P2P payments. The app, which it debuted at FinovateEurope 2015, launched in the Apple App store last December.

Facts

  • Founded 2014
  • Established in Singapore
  • Partnered with e-commerce and gaming companies

The app is targeted toward millennials. It functions as a prepaid mobile wallet with three main features:

  1. Shopping
  2. Social Payments
  3. Services

The features, along with the user’s wallet balance, are displayed on the home screen:

OnlinePayShop

1) Shopping

Users browse items in the in-app shopping mall. When they find something they’d like to purchase, the entire transaction is handled within the app.

E-commerce companies partner with OnlinePay to add a button to their checkout flow that enables customers to pay using their mobile wallet balance. Retailers can also send targeted offers such as the one above.

2) Social payments
Similar to Venmo, OnlinePay makes P2P payments social by enabling users to share their payment history with others. An activity feed broadcasts to the entire network of OnlinePay users or just to their group of friends. Users can elect to keep their payment activity private.

OnlinePayP2PPayments2

3) Services
With the Services tab, users top up Forex trading accounts or purchase online gaming components, which are instantly applied. Users are not require users to exit their Forex trading application or leave their game to make purchases.

Chat
The company offers 24/7 chat support to resolve any issues. Users can also use the feature to chat with their friends.

OnlinePay debuted its mobile wallet at FinovateEurope 2015.

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: OnlinePay.com’s Mobile Wallet Review.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Onlinepay.com Debuts Mobile Wallet for Social Payments

OnlinepayLogo2.jpgThis post is part of our live coverage of FinovateEurope 2015.

Onlinepay.com debuted its mobile wallet, designed for mobile shopping and social payments. to top up accounts, and to share money with friends.

Top up your wallet with a credit card and withdraw money from your e-wallet account.

Share your money with your friends! For example, Michael can send Sofia money for a coffee or John can charge Anna for movie tickets. The information about sharing will be reflected in the global newswire of the app.

Make purchases directly from your mobile phone. There are several categories of goods in the mobile shopping tab, including clothing, sports gear, music and much more. You can top up your gaming account directly from your mobile phone, without leaving the game.

Share, Buy and Top Up!

 

Presenters: Director Vladimir Kovalevskii; Marketing Manager Anfisa Chernaya
 
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Product launch: December 2014 in AppStore
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
Founded: December 2014
Website: onlinepay.com
Twitter: @OnlinePaydotcom

FinovateEurope 2015 Sneak Peek: Part 7

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FinovateEurope is less than a week away, and we’ve already surpassed last year’s record-breaking attendance. Soon, we’ll be sitting inOld Billingsgate Market Hall in London, enjoying tea while enjoying the first day of live demos at FinovateEurope.

Want to be a part of the largest FinovateEurope crowd ever? Get your ticket soon before it’s sold out.

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In this final post of our Sneak Peek series, we’re featuring Aire, Akamai Technologies, LifePay, MoneyHub, mydesq, Onlinepay.comSedicii, and Taulia. You can see all the posts here:


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Aire is an alternate credit score for people. Our mission is to help thin-file customers who qualify for essential financial products via this new score.

Features

    • Rescore credit rejections to lend to 15%+ more customers
    • Improve overall cost of acquisition
    • Minimal change to existing risk profile

Why it’s great
Aire can help turn a No to a Yes.

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Presenters

Aneesh Varma, Co-founder
Varma is a serial entrepreneur with a prior startup in enterprise retail tech, he started off in consumer finance at JPMorgan. He’s an engineer with a background in predictive algorithms quantitative finance.
LinkedIn

 

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Jon Bundy, Co-founder
With 14 years across financial technology, Bundy has been building risk and data products with an additional expertise in fraud detection and AML as well. He was previously at RBS, Searchspace and Symbian.
LinkedIn

 


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Akamai Technologies is a leading provider of cloud security services, helping banks provide secure, high-performing user experiences on any device, anywhere.

Features

    • Focus on the source of the request
    • Determine the extent to which that source has sent malicious requests in the past
    • Make predictions regarding how much that source can be trusted in the future

Why it’s great
The Akamai Client Reputation service provides financial institutions the ability to forecast intent and protect applications against web attacks.

Presenters

Ory Segal, Director of Threat Research
LinkedIn

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Nick Coleman (pictured), Web Security Specialist

 

 


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LifePay is an mPOS EMV chip-and-pin solution, allowing SMEs to accept payments by plastic cards via smartphones, and get LifePay Stand and overall sales analytics.

Features

    • LifePay-mPOS chip & pin is a start-point of LifePay ecosystem
    • LifePay offers the LifePay Stand solution with a portable printer and cashbox as a next-gen cash register.
    • Merchant’s portal

Why it’s great
LifePay – inspiring Asia


MoneyHubLogo.jpg

MoneyHub puts the user at the center of their financial universe and helps them visualize their future. MoneyHub’s Ecosystem will empower people to connect, share data and collaborate with their financial advisers and institutions like never before.

Why it’s great
Your customers are already using MoneyHub, why not see how you can use it with them?

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Presenters

Toby Hughes, CEO MoneyHub
Hughes, Founder and CEO of MoneyHub, is an entrepreneur with more than 10 years of digital marketing and technological innovation experience in financial services.
LinkedIn

 

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Dave Tonge, CTO
Tonge, CTO at MoneyHub, has a strong technical skill-set and entrepreneurial instincts. Dave specializes in innovative business strategy and agile software architecture.
LinkedIn

 


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mydesq is an iPad-based workbench which combines products, clients, accounts and analytics providing wealth managers the information advantage to work smarter.

Features

    • Work from anywhere, anytime
    • Simplify work
    • Increase Sales & Service

Why it’s great
It revolutionizes and simplifies the way wealth managers work.

Presenter

Milan Vora, CEO & Founder
LinkedIn


OnlinepayLogo2.jpg

onlinepay.com is a mobile wallet for students. Share, buy and top up!

Features

    • Share your money with your friends
    • Make purchases directly from your mobile phone
    • Top up your gaming accounts  

Why it’s great
onlinepay.com is a mobile wallet, designed for fun and sharing money, convenient mobile shopping and top up of gaming and trading accounts.

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Presenters

Vladimir Kovalevskiy, Director
Kovalevskiy has in-depth experience in the payment and e-commerce fields in Russia and abroad, including projects related to mobile payments.
LinkedIn

 

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Anfisa Chernaya, Marketing Manager
Chernaya is working in marketing field for last 5 years.
LinkedIn

 


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Sedicii eliminates the exposure (storage and transmission) of private data required to authenticate.

Features

    • Sedicii Payments Card Authentication
    • Sedicii Mobile Authentication
    • Sedicii Contact Centre Authentication

Why it’s great
It is innovative technology for more secure authentication and identity verification.

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Presenters

Rob Leslie, CEO
Leslie’s track record includes part of the original management team to establish/grow Dell Japan to $300M TO in 4 years. Leslie also co-founded PTS Japan, sold in 2000, having achieved $33M valuation in 5 years.
LinkedIn

 

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Richard Coady, Commercial Director
Coady has held senior positions with BT, WBT Systems, Prometric. He will work towards the implementation of the International Sales strategy for the Sedicii portfolio of authentication applications.
LinkedIn

 


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Taulia transforms supply chains, enabling organizations to create a healthy relationship between suppliers and buyers.

Features

    • Sets up a SaaS network between a buyer and all its suppliers with eInvoicing
    • Uses network to offer all suppliers an opportunity to get paid early using third-party finance
    • Preserves buyer capital

Why it’s great
Taulia solves the buyer/supplier payment dilemma.

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Presenters

Matthew Stammers, European Marketing Director
Member of the European management team with responsibility for launching Taulia in Europe. Previously worked for Bottomline Technologies and Capita and holds a Henley MBA.
LinkedIn

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Christophe Juvanon, European Solutions Consulting Director
Key member of Taulia’s European team responsible for understanding customer’s requirements and solution fit. Previously employed by OpenText and DHL. Holds a post-grad degree from Napier University.
LinkedIn


 

That concludes our Sneak Peek series. You can catch all 70+ companies as they demo live at FinovateEurope on February 10 and 11. Pick up your ticket here.

Questions? Check out our FAQ.