EMI PayWay Case Study

PayWay is an electronic wallet that was developed by our team on request. Users can send and receive payments worldwide, and use it to store fiat currencies (dollars, euros, pounds) and cryptocurrencies (Bitcoin, Ethereum, Tether, Ripple, etc.).

 

Tasks and goals

We were approached by a client with the task of developing an electronic wallet that will allow users to make fast and secure payments, while it should be easy to use.

The following tasks were set:

• Conduct market research and user needs;
• Determine the main features and functions of an electronic wallet;
• Develop terms of reference;
• Develop interface, prototypes;
• Develop an electronic wallet in 3 months

 

Solution

We have conducted market research and user needs research. This made it possible to determine the main requirements for the wallet in order to make it more convenient and attractive in relation to competitors that are already on the market.

Based on the conducted market research, we determined that an electronic wallet should:

• Provide functions to receive and send payments in various currencies;
• Support many payment methods, including bank cards and cryptocurrencies;
• Have a user-friendly interface;
• Support automatic currency exchange;
• Have a section for converting cryptocurrencies into USD, EUR, GBP;
• Have a high speed of payment processing and reliability of the system so that users can make transactions quickly and securely.

We agreed with the client on the supported fiat payment systems, the list of currencies and cryptocurrencies that will be available in the MVP and that will be gradually added in the future as the e-wallet develops and updates.

 

Application screens

 

Summary

The development of the PayWay e-wallet has been successfully completed.

The development time was 3 months from the start of work. In due time we:

• Conducted market research and user needs;
• Determined the main features and functions of the electronic wallet
• Developed the terms of reference;
• Developed interface, prototypes;
• Conducted extensive pre-release testing;
• Implemented an electronic wallet with the following functions:
  • Receiving and sending payments;
  • Replenishment with bank cards;
  • Converting cryptocurrencies to USD, EUR, GBP;
  • Automatic exchange of currencies and cryptocurrencies BTC, ETH, USDT, LTC, XRP, BCH, TRX;
  • Instant transfers between users;
  • Payment for purchases in online stores, utilities, mobile communications, etc.;
  • User verification;
  • Referral program;

The client was completely satisfied with our work on the PayWay e-wallet, strict adherence to deadlines and a professional approach to the task.