marketplace is one of the most complicated and very useful patterns in ecommerce. this pattern has many chalenges in design and implementaion and the developed software must meet all the needs in this pattern, so the marketplace software may be has costs a lot. therefor ....
Business development based on new,advanced and fast communication technologies is inevitable. nowadays for a businesses whose it's main customers are other companies or businesses,it is so profitable to impliment a B2B model, it is very important to create an online sales platform that comprehensively covers work processes and helps business development,...
The partnership of businesses with each other to set up a joint online sales system will be a very suitable and low-cost and quick-return model, if any business wants to set up an online sales system independently, it will take a lot of time and money. to achive a real online sale some costs are significant specially advertising, content production, etc. It is clear that this issue is time-consuming due to the financial limitations of the business, by stablishing a corporative online system, we can break down and share many of these costs,...
Chain stores, stores that have multiple branches or agencies in different geographic locations, brand shops, and stores that use franchise models, face with many issues and they have many requirements when they want to set up an online sales system. developing an online sales system for such business models in the form of a single point of sales, with the possibility of managing the processes of registering and processing orders, logistics and sending orders, is not easy and have many issues and...
Holding companies that sell goods or services in B2B or B2C may want to sell all their products and services through a single online point of sales instead of setting up an online sales system for each of their subsidiaries. obviously, an integrated and single point of sales solution will result in lower costs and workforces for holding companies...
Supermarket stores are one of the types of businesses that have had very successful experiences in online sales. Product variety and high number of orders are one of the distinctive features of online supermarket stores. Timely and fast delivery of orders in supermarket stores is of particular importance, therefore...
Setting up retail online for small and medium businesses can play an effective role in increasing their sales and business development. Having an optimal and fast system with various capabilities to support business is of great importance, which can be effective in attracting and retaining customers. From this...
The wallet has different definitions and uses. As a general definition, it can be called a tool that facilitates and accelerates financial operations, especially small payments. Payment operations can be very simple or complex and may affect a stick or multiple bank accounts instantly or with a delay. These accounts can be personal, organizational or belong to a business. So ...
A digital wallet has various definitions and applications. As a general definition, it can be considered as a facilitating and expediting tool in payment operations. A payment operation can directly affect one or more bank accounts instantly or with a delayed impact, or it may only involve a parent account in the relevant financial processes. The design and implementation of financial processes and settlement of a digital wallet can vary based on different needs, leading to the formation of various types of wallets such as cash wallet, prepaid wallet, open wallet, closed wallet, microcredit wallet, organizational credit wallet, etc.
In a more technical definition, an electronic wallet can be described as any electronic hardware or software tool that allows the user to load an amount into it and use it for payments through electronic devices or merchant transaction gateways. According to this broad definition, all types of prepaid cards such as gift cards, metro recharge cards, NFC payment tools, mobile applications, or e-commerce websites that enable charging through bank gateways can be considered various forms of electronic wallets.
However, what we now refer to as an electronic wallet is quite different and primarily evokes an image of a mobile application. The use of smartphones has become very common today, and providing the ability to make payments through mobile phones is highly important for users. Therefore, banks have turned to creating mobile banking tools, such as mobile banking applications. Additionally, other payment service providers have offered various tools for mobile payments, and one of the most widely used and comprehensive ones is digital wallets. Such digital wallets provide users with numerous features and capabilities. Some of these features include:
Some banking operations may also be possible using electronic wallets, such as:
The more banking operations are vividly designed in a mobile app, the more it gradually distances itself from being just a digital wallet and tends towards becoming a mobile banking app. In this case, greater access levels to banking services need to be provided for the mentioned app. If the app solely utilizes payment services, avoids entering banking processes, and focuses on non-banking business processes, it will resemble a digital wallet more closely. This distinction is the key difference between digital wallets and mobile banking apps. It is evident that mobile banking apps and electronic wallets may overlap in many cases and complement each other in certain scenarios.
One of the important applications of an electronic wallet that is less emphasized in developed applications is the creation and management of credit. Since the focus in such a wallet is on credit, it is called a credit wallet. The wallet developed by Larixweb is designed in a way that, in addition to having all the common features of a digital wallet, it allows the definition, allocation, and management of credit at both granular and large levels.
In this wallet, you can create credit with the backing of a valid and identity-verified bank account and then exchange it between different individuals who are members of the wallet's credit system. In other words, many financial transactions between individuals within the credit system of the wallet take place through the balances of the wallet accounts, and ultimately affect real bank accounts in financial settlement processes or physical cash withdrawals.
In this system, users have different roles and can appear as consumer users, credit suppliers, and providers of goods or services (merchants). For more information about this credit wallet and to see a demo of the system, you can get in touch with our team.