Fintech firm DOKU recently announced the release of its new service, Wallet as a Service (WaaS). This new service provides an e-wallet infrastructure with APIs.
This enables businesses to integrate e-wallet functions within their existing systems, thus allowing customers to use an embedded wallet feature.
The company says this development utilises DOKU’s e-money and e-wallet licenses in compliance with regulatory standards.
Nabilah Alsagoff, Co-Founder and Chief Operating Officer of DOKU commented on the evolution of the service.
“Previously, we used the e-money and e-wallet license from Bank Indonesia for our DOKU e-wallet. WaaS aims to provide businesses in various sectors with a more efficient way to manage their financial operations. It also allows for the easy integration of e-wallet features into existing business applications,”
Nabilah said.
The service has currently been implemented in collaboration with Tomoro Coffee and Coda, demonstrating its practical application in real-world business settings.
WaaS offers two main features, an e-wallet for businesses and an e-wallet for consumers. The former is designed to aid in managing petty cash within corporate environments, while the latter integrates wallet functionality into a merchant’s app, enabling customers to maintain a balance and make purchases.
For instance, Coda, a digital content marketplace, uses the Embedded Wallet to facilitate transactions for its customers.
DOKU aims to continue developing its e-wallet services to support various industries, leveraging its fintech capabilities to enhance financial operations management.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://fintechnews.sg/84024/e-wallets/doku-releases-wallet-as-a-service-waas-for-e-wallet-infrastructure-integration/
- :has
- :is
- 1
- 150
- 23
- 250
- 300
- 7
- 9
- a
- AI
- Aid
- aims
- Allowing
- allows
- also
- an
- and
- announced
- APIs
- app
- Application
- applications
- AS
- author
- Balance
- been
- begin
- business
- Business Applications
- businesses
- by
- capabilities
- caps
- Cash
- chief
- Chief Operating Officer
- Co-founder
- Coffee
- collaboration
- commented
- company
- compliance
- Consumers
- content
- continue
- Corporate
- Currently
- Customers
- demonstrating
- designed
- developing
- Development
- digital
- Digital Content
- Digital Content Marketplace
- e-Money
- easy
- efficient
- embedded
- enables
- enabling
- end
- enhance
- environments
- evolution
- existing
- facilitate
- Feature
- Features
- financial
- fintech
- Fintech News
- Firm
- For
- For Consumers
- form
- Former
- from
- functionality
- functions
- hottest
- HTTPS
- implemented
- in
- industries
- Infrastructure
- instance
- integrate
- Integrates
- integrates Wallet
- integration
- into
- IT
- ITS
- jpg
- leveraging
- License
- licenses
- mailchimp
- Main
- maintain
- make
- manage
- management
- managing
- marketplace
- Month
- more
- more efficient
- New
- news
- of
- Offers
- Officer
- on
- once
- operating
- Operations
- our
- plato
- Plato Data Intelligence
- PlatoData
- Posts
- Practical
- provide
- provides
- purchases
- real world
- recently
- regulatory
- release
- Releases
- Said
- says
- Sectors
- service
- Services
- settings
- Singapore
- standards
- support
- Systems
- The
- their
- this
- Thus
- to
- Transactions
- two
- use
- used
- uses
- utilises
- various
- Wallet
- Way..
- we
- while
- with
- within
- Your
- zephyrnet