HEY - PAY
A mobile wallet solution that is simple to on-board, use, readily available, secure, future proof, and independent mobile payment platform that is available for banks to deploy today.
Covers all payment scenarios for individuals: Face-to-Face, Peer-to-Peer, Remote, Web & Mobile, and Bill Payment. Hey-Pay is secured using a state-of-the-art and proprietary encryption algorithm. Partnerships is deployed exclusively by banks and payment gateway partners, fully compliant with countries' payment regulations.
Our solution will facilitate payment across all partner banks to ensure anyone can sign up and use Hey-Pay!
MOBILE PAYMENTS DESIGNED FOR BANKS
ALL YOUR PAYMENT IN ONE PLACE
Six Situations of Payment
HEY-PAY Mobile Payment solution was designed with security as its primary concern. Several levels of security mechanisms are built in the solution.
The merchant initiates the payment by entering the payer's mobile number and the amount to be charged. For an online payment, the amount is automatically generated by the website and shown on the merchant's site and the user enters his/her mobile number on the merchant's site.
A request is sent to the payer's handset that will then approve or decline the transaction. The remote payment is a proprietary and unique concept where no financial information transits online.
The patented Dynamic code is a onetime QR code generated offline by the application installed on the payer's device for each payment without the need to be connected to the Internet. It will be shown to the merchant's device for scanning to execute the payment.
Each code generated includes a unique sequence number that will generate a unique QR code that makes it near impossible to forge. Above floor, the transaction is validated by the user using patented reshuffled Keyboard.
Peer to Peer
The payer initiates the payment by entering the payee's phone number and the amount to be transferred. Hey Pay checks if the mobile number is registered in the bank's servers. If registered, it returns the name and the picture of the payee for confirmation purposes and requests the payer to enter his/her pin...
This process provides multi verification levels to avoid payment to the wrong payee. If it's not registered, it returns a page informing the payer that the phone number is not a registered user and requests details such as the name of the payee and the PIN for confirmation purposes. The system then sends an SMS to the payee with a code that retrieves the money from the bank counter/ATM.