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E-Wallet

With the increasing usage of cell phones in our everyday lives, they are playing a more significant role in conducting routine tasks.

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With the increasing usage of cell phones in our everyday lives, they are playing a more significant role in conducting routine tasks.

Although currently this role is mostly associated with reviewing and buying online products and services, a new era will come to scene with the rise of E-Wallet solutions In providing the necessities of mobile banking and launching a comprehensive NFC system, Irancell has invested in developing various mobile banking services as its initiative action.

NFC makes it possible to provide online/offline banking and consequently online/offline payments through using Sim card and communication network. NFC technology is a form of radio communication that operates and exchange data between contactless devices equipped with NFC modules.

One of the functions derived out of NFC technology is E-Wallet. By having an NFC Sim card and installing Irancell Mobile Payment application, banking cards’ data can be safely and securely stored on the Sim card. Hence, all transactions and payments can be done quickly only by holding the phone in the proximity of the reader.

It is also noticeable that the NFC-based E-Wallet service is operational both in online and offline mode. In offline mode, you can add a specific amount of credit to your E-Wallet and then make the payment according to your credit via a device-to-device connection without any internet connection. In the online mode, depending on the regulations, your E-Wallet could operate with or without internet connection which is, in principle supported by your bank account and you can make payments according to your balance within the regulated fund transfer limitations.

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  • defining various and multiple debit cards on the handset
  • Quick and easy payment
  • No need to carry cash or multiple banking cards
  • immediate deactivation of services in case of phone loss
  • viewing and managing transactions on the E-Wallet application
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