App Profile: WINK Pay - LB

A mobile application with full digital onboarding through E-KYC and instant issuance of a virtual card without the need to have a bank account.

Features:

1- Digital Onboarding and E-KYC:
• Streamlining the account opening process through digital onboarding.
• Implementing Electronic Know Your Customer (E-KYC) for enhanced security and convenience.

2- No need for a bank account

3- Passport and ID verification with face recognition authentication

4- Instant Virtual Card Issuance:

• Providing users with the ability to generate virtual cards instantly, reducing the wait time for traditional card issuance.

5- Physical Card Option:

• Offering users the choice to opt for a physical card, catering to those who prefer a tangible payment method.

6- P2P Transfer from:

• WINK to WINK: Enabling peer-to-peer transfers within the Wink Neo ecosystem, facilitating easy and quick transactions between users.

• WINK to Any Card: Allowing users to transfer funds from their Wink account to any traditional debit or credit card.

• WINK to IBAN: Supporting transfers to International Bank Account Numbers (IBANs), promoting global accessibility for users.

• WINK to Digital Wallet: Enabling users to transfer funds seamlessly to other digital wallets, expanding the range of available financial services.

7- Top up: Integrating the capability to top up WINK Pay from cash agents (Whish Money, BoB Finance, Cash United, and MME) and any card adds a valuable layer of flexibility and accessibility to the platform.

8- Pay by QR: allows users to make secure payments from the app simply by scanning the QR code on POS machines across a vast network of merchants.

9- NFC-embedded Virtual Card:
Integrating the latest Near Field Communication (NFC) technology into virtual cards, facilitating contactless transactions for enhanced convenience and security.

10- Automated AML checking.