Wallet
Wallet is a payment method based on a local digital account. During payment, funds can be directly paid into the recipient's digital wallet account, enabling fast and flexible payment.
Become a PayerMax customer and you can make real-time payments (T+1 for certain wallets) to over 20
local wallets in Asia Pacific
, the Middle East
, the Americas
, and other regions with just one connection.
1. Payment Advantages
Extremely fast payment processing, typically
real-time
payment to wallets;User-friendly: Recipients don't need a bank account; simply using a
digital wallet registration ID
ormobile phone number
allows them to receive funds, making it easy to use;Widely adaptable to various scenarios, suitable for high-frequency, low-value transactions;
Low cost: Payments to wallets are typically processed locally, and transfer fees are lower than those for local bank account payments or cross-border payments.
Local wallets are often subject to local compliance requirements and balance limits. Some wallets offer cross-border remittance capabilities, but this depends on their partner networks, clearing networks, and local policy support.
Wallet payment methods are widely used in Southeast Asia
and have a large user base. Local wallets are also quite popular in parts of the Middle East
and the Americas
.
2. Adaptation Scenarios
Instant payroll (for ride-hailing, food delivery drivers, and other freelancers);
Platform profit sharing and commission payments;
Cross-border remittances;
Benefits for platform digital content creators;
Institutional subsidy payments;
Membership rewards and promotional cashback, etc.
3. Ability Recommendation
Wallet payment capabilities are recommended for partners looking to expand into the following regions:
Region | Country | Local E-Wallets |
---|---|---|
Asia-Pacific | Indonesia | DANA , GoPay , OVO , ShopeePay , LinkAja |
Philippines | GCash , Paymaya , GrabPay , Lazada | |
Malaysia | Tough'n Go | |
Thailand | TrueMoney | |
Vietnam | ZaloPay | |
Middle East | Egypt | Vodafone , Etisalat , Orange , Meeza Wallets |
Turkey | Papara | |
Americas | Brazil | MercadoPago , Pagbank |