Aug ‘22

Turn your customers’ smartphones into NFC payment tools with your digital cards on board.
Discover various ways of implementation depending on your regional opportunities.
Legal disclaimer
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Wallet Factory makes reliable fintech solutions
that empower valuable business for its clients worldwide

Portfolio highlights Key facts

Core software vendor for a NASDAQ-listed

company (Society Pass) with a $1B valuation

Interoperable digital wallet in Egypt (EasyCash) with $40M founded projects

valuation, backed by Egyptian and UAE investors

Digital wallet in Lebanon (Areeba/Zaky) empowering

state cash assistance program for 500K+ households

Digital wallet for the #1 bank in Belize (BBL/E-Kyash),

with a solution approved by Central Bank continents, 12 customers
countries (incl. USA) worldwide
Digital wallets for 4 top-tier telecoms

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MENA and other emerging markets have untapped financial
potential to be seized with mobile digital technologies

2019 global market size: 5 regions covering Base year 2020

▪ Globally ~1.7B people remain unbanked Market size in 2020 USD 150 B

▪ Mobile internet and cheap smartphones become widespread Forecast period 2021 to 2027
▪ Penetration and usage of e-money are still low but growing*
Forecast period CAGR 20%
▪ New client acquisition models are simple for customers and
do not require physical interaction 2027 value projection USD 700 B

Applicable to banked and underbanked regions High smartphone penetration Room for mobile money growth

Sub-Saharan Africa 43% 45% 52%

MENA 43% 57% 13%
LatAm & Caribbean 54% 69% 5%
Europe and Central Asia 65% 70% 3%
South Asia 70% 64% 22%
East Asia and Pacific 71% 64% 5%
North America 94% 83% 0%

Sources: Global Findex Database 2017, Worldbank, GSMA State of Mobile Money report 2019, GSMA State of Mobile Money report 2019; Mobile Economy report 2020 4
Both traditional banks and new players struggle
to solve the financial inclusion question for MENA

“ Middle East experts say digital wallets

will be the most preferred mode of payments.
× Brick-and-mortar branch model is too
expensive to cover the rural areas
× Long customer onboarding due to
compliance requirements

Most preferred payment mode in Middle East

Account-to-
in next 5 years, % of survey respondents account
transfer
(retail, telco, financial institutions etc.)
Credit Debit
Digital wallets
card card
Cash
× Lack of expertise in financial services
× No monetization experience
60 17 10 10 3
× Long time-to-market (in-house
development)

Source: McKinsey Middle East payments survey, Aug ‘2021 5

Wallet Factory has the right components
to build a digital financial ecosystem in any country

Wallet from a Wallet Operator Wallet-as-a-Service (WaaS) from Wallet Factory, backed by corresponding enterprise platforms

in the Wallet from Wallet Factory (cloud-based or on-premise)

E-wallets Digital cards Digital wallet platform Digital card platform

PAYMENTS Android-based Mobile point of sale
POS terminals (mPOS) Payment acceptance platform

REWARDS Cloud rewards Digital rewards platform

International Currency Loans

remittances exchange management
MARKETPLACE Mobile commerce core
International
Mobile gifts
vouchers

Customer wallet (end users)

Business wallet (merchants, agents)

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Our projects 2016-2022

Tajikistan Armenia Kazakhstan Azerbaijan Georgia

Ukraine

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Full-fledged card tokenization solution to enable
contactless payments for your customers

Tokenize cards issued by
your institution in your own
custom-built secure token
data vault. Turn your
customers’ smartphones
into contactless (NFC)
payment tools.
▪ Most suitable for the
markets where global
wallets (Apple Pay,
Google Pay etc.) are not
yet introduced
▪ OS Android only
Integration with global wallets Thanks to modern Visa and Mastercard technologies,
(Google Pay, Apple Pay, you can come up with your own neobaking solution —
Samsung Pay etc.) available in bank-in-a-smartphone. You don’t even need to be a
the particular market. Enable bank institution yourself — a license from a partner
tokenization of your bank does the job in most cases.
institution’s payment cards in
global wallets and let your
customers pay contactlessly
using their smartphones.
▪ The global wallets must
operate in your target
market
▪ iOS and Android

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Interaction with the card issuer’s internal
systems

Customer identification and authorization

▪ Make sure that your customer is eligible and identified correctly.

Tokenization possibility check for existing

customer cards
▪ Let the system obtain the information about the state of a card
(whether it is active or not) to decide if the digitization is allowed
to a card product or range the card is associated with.

Card enrollment
▪ The system retrieves the encrypted card PAN and validity period,
then verifies and re-encrypts the data on SDK level to apply for
the tokenization.

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Interaction with the tokenization services
(VTS, MDES)

Tokenization
▪ Tokens generation (Visa Tokenization Service / VTS and
Mastercard Digital Enablement Service / MDES).
Generation of EMV data. Management of keys and
certificates.

Tokens lifecycle management

▪ Activation, deactivation, deletion of tokens. Card
replacement to an existing token. Tokens activity status
checks and notifications.

De-tokenization
▪ EMV data de-tokenization and verification during the
transaction queries processing. De-tokenization of the
clearing data.

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Interaction with the client interfaces

White label mobile application

▪ In case you need a customized white label mobile app, we can build one for you.
Tailored to your business vision, the bespoke app lets your customers enjoy the
benefits of card tokenization and payments from your own Card issuer wallet.

Wrapper SDK for existing APP

▪ If you already have a mobile banking app, a digital wallet app, or a different kind of
app you’d like to add the card tokenization to and let your customers use it for
payments from your own Card issuer wallet— we can provide you with the Wrapper
SDK to embed the card functionality into the existing mobile application.

Card provisioning
▪ One of the global wallets’ (Apple Pay, Google Pay) requirements is to enable card
tokenization not only through the global wallets themselves, but also through the
card issuers’ proprietary mobile applications. With Wallet Factory, card provisioning
will be implemented fast and easy.

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Transforming customers into real assets

Accelerated payments
Enhanced customer UX Data transfer speed is much faster
Tap and go – the easiest way to pay compared to the ordinary operations
ENHANCED UX SPEED
done with a plastic card

Security
Flexibility
Tokenized payments are far safer due
Multiple tokens with specific settings
to modern phones’ authentication
that may be generated and associated
FLEXIBILITY SECURITY methods like biometrics, fingerprint and
with a single card
facial recognition, etc.

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Leverage industry’s proven best practices

Tap into FinTech solutions Get a reliable well-thought- Accelerate your company’s Enjoy a robust end-to-end
backed by the latest yet out digital platform built, time-to-market rates with platform solution based on
tried-and-tested delivered, and supported customer approved digital holistic strategies and deep
technology innovations in by senior IT experts in solutions perfectly tailored analytical insights into your
product development and software engineering & to your brand identity and business specifics and
design DevOps individual business needs customer expectations

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We have the right talent (50+) in place
to disrupt the unbanked markets

Konstantin Vaysman Yuriy Chayka Oleksandr Nikolaichyk

Executive Chairman, Co-Founder President, Co-Founder Board Member, Venture Investor
25 yrs. in Banking (22 yrs. C-level) Serial fintech entrepreneur, 15+ years in complex M&A deals. Recognized
3 successful exits by international legal directories

Mikhail Miro Inna Pushkarenko Kirill Zhuchkov

CEO, Co-Founder VP, Sales Chief Business Development Officer
~20 yrs. in Banking (15 yrs. C-level) ~15 yrs. in banking 20+ yrs. developing business in world’s top
rank IT giants. University of Chicago MBA

Yuriy Lozinskiy Olga Primorozenko Volo Budanov

Chief Technical Officer Chief Customer Officer Chief Product & Marketing Officer
17 yrs. in software business dev. ~10 years in banking IT project mgmt. ~20 yrs. in banking (15 yrs. C-level)

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Mikhail Miroshnichenko, CEO mikhail@walletfactory.com
Kirill Zhuchkov, CBDO kirill.zhuchkov@walletfactory.com

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