The platform is a digital financial services solution with mobile wallets that interconnects end users (buyers), merchants (sellers), top-up agents, and government or private organizations to enable financial transactions among these parties
This solution allows customers to use their wallet to access funds (NQD points) that can be used to pay for goods and services (merchant purchases) or transfer to friends and& family (if receivers are registered with the project). Replenishment of NQD (points) is carried out for cash and non-cash payments. The platform has a back-office maintenance module for convenient management of any kind of administrative activity.
We have developed a payment gateway that will facilitate the acceptance of electronic payments for online transactions. Buyers and Sellers can transact by voice over the phone, at points of sale, or online with a fixed fee, reducing the overall cost of money transfer.
Users simply connect their existing bank account or digital currencies to the platform and can perform all kinds of payment methods in fiat or crypto.
The platform supports multiple blockchain networks, tokens, credit cards, and bank transfers. This makes Nogodi the perfect vault for all kinds of global currencies.
Users can make payments through their Wallets (by topping up with a Credit Card, Crypto, SWIFT, POS terminal, etc.). There will be a transfer of funds from the consumer's account to the merchant's account.
The merchant will generate a QR code that will be displayed on the screen. The customer needs to scan the QR code for the payment to be accepted. For customer authentication, OTP, or mobile tapping can be used. QR code generation and scanning can be done in reverse order.
Public social payments will flow through the platform to the NQD wallets of system users, who can make purchases by phone or pay through the NQD Wallet (Crypto, Fiat, NQD) from retailers connected to the platform ecosystem. Thus, the Ministry of Finance controls the accrual of social assistance and the categories of goods for which it can be spent.
The depository is used as a source of funds (called NQDs) for monetary transactions within the platform.
The wallet stores the NQD balance to facilitate the movement of NQDs to support scenarios such as payments, P2P transfers, and collecting/paying fees and commissions.
Each role (Customer, Merchant, Organization, Cash-In Agent, Platform as Service Provider) in the system has its own wallet.
Types of wallets: Purchaser, Retailer, Cash-In, Organization, Issuance, Settlement, Customer loyalty points, Merchant loyalty points.
The security of transactions will be ensured by:
The wallet app should be able to provide information based on the current location of customers, with Google Maps integration: the location of the nearest merchant, partner restaurants, lifestyle partners that accept Nogodi wallet payments, etc.
The application must have a real-time fraud-detection solution. A fraud management system should be available to manage threshold violations and monitor transactions. The module must be able to generate real-time alerts to prevent fraud.
A dispute management system for linked networks (debit/credit card channel) should be available to be able to create a task and share information on each dispute regarding financial transactions processed through payment channels.
The backend system must support reporting with the necessary graph to monitor wallet performance in accordance with regulatory requirements and any other requirements to be communicated to Nogodi.
The system should save every action of the admin panel and have a detailed audit trail with IP, maker ID, checker ID (where applicable), and timestamp. It should be stored in the database in case it needs to be analyzed in the future.
The app must be able to merge with retailer loyalty schemes: coupons, instant cashback/NQD points, discounts, location-based push messages for promotions, opportunity to earn and redeem reward points, etc.
Universal payment solution: the financial platform gives access to the main modern payment methods: Crypto, Visa, MasterCard, and traditional banking.
Privacy and confidentiality: the platform is a decentralized product with all data, including private keys, stored locally on the user's device.
Ideal cryptocurrency storage: the platform supports multiple blockchain networks and tokens (ETH, BSC, Solana, Avalanche, Polygon, etc.).
Digital wallet integration: digital wallets will be integrated into the platform, enabling instant transfers from cross-chain to a traditional bank account and vice versa.
Easy use of cryptocurrencies:Easy use of cryptocurrencies: the platform allows converting cryptocurrencies to fiat and withdrawing cash from any ATM in the world by using the NQD credit card.
Integration with loyalty programs: cashback when paying with NQD tokens, coupons and discounts, instant cashback/NQD points, earning and redeeming reward points, etc.
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