Indian (RBI – Reserve Bank of India) and EU (PSD2 – Payment Service Directive 2) mobile payments regulations mandate Client Mobile Payments Apps (MPA) to support tokenised digital card accounts, strong 2-Factor User Authentication (2FA) and non-repudiation (digital signatures) on remote payments.
HCE Service proposes off-the-shelf, fast and efficient HCEWALLET App SDK that provides secured integration “EXTERNAL API” for Client Apps of Card Issuers, Wallet Providers, Merchants, Corporates and Payment Gateways to integrate enabling:
Cards – EMV Tokenised Digital Card Accounts to perform In-App/E-com/NFC payments
UPI – Indian bank accounts peer-to-peer payments
Ecash – Digital Wallets for Ecash based payments
Bitcoin – Crypto-currency digital coin wallets for example Bitcoin wallet
Loyalty – Digital gift cards payments