Meo Wallet

[otw_shortcode_content_toggle title=”Overview” opened=”closed”]

Summary: Meo Wallet is a cards-based digital wallet for online, in-app and in-store (via QR code, NFC and SMS) purchases operating in Portugal only and launched in Feb ’15
Website: https://wallet.pt/
Status: Live
Market: Portugal (Feb ’15)
Type: Other
Ownership: Portugal Telecom
Functions: Retail payments only
Payment Mode: Cards-based
Channel: POS via QR code, NFC and SMS; Web and In-app
Roadmap: n/a [/otw_shortcode_content_toggle]

[otw_shortcode_content_toggle title=”User Experience” opened=”closed”]

Registration & set up: Registration process is done through the browser. Meo Wallet can be loaded with bank transfer or card. Users who do not have a smartphone can make payments via SMS. Users who do have a smartphone can download the app from Google Play and App Store

Making a payment:
In-Store: scanning the QR code or NFC initiated by physically tapping the phone on a contactless terminal. It is also possible to pay via SMS.
ONLINE: scanning the QR code. App must be open. Authenticate with PIN code. [/otw_shortcode_content_toggle]

[otw_shortcode_content_toggle title=”Payment Flows & Technology” opened=”closed”]

Merchant perspective: (Update to follow – Further information being obtained)
Security: Online store protected by SSL. (Update to follow – Further information being obtained) [/otw_shortcode_content_toggle]

[otw_shortcode_content_toggle title=”Business Model” opened=”closed”]

Strategy: Meo Wallet charges variable fees to merchants per every transaction. The percentage charged depends on the payment method chosen by the consumer
Payee fee: As follows: https://wallet.pt/merchants/rates
Payer fee: No charge for consumer [/otw_shortcode_content_toggle]

[otw_shortcode_content_toggle title=”Performance Data” opened=”closed”]

Launch date: Portugal (Feb ’15)
Closed Date: N/A
Users: n/a
Retailers / merchants: Over 200 (source: https://wallet.pt/network#cards-store)
Transaction volume: No data yet
Transaction value: No data yet
Other data points: No data yet [/otw_shortcode_content_toggle]

[otw_shortcode_content_toggle title=”Links & Media” opened=”closed”]

Links:
http://www.telecompaper.com/news/portugal-telecom-launches-meo-wallet-in-madeira–1067825
Media:

[/otw_shortcode_content_toggle]

[otw_shortcode_content_toggle title=”Contact (MobeyForum Members only)” opened=”closed”]