Digital Wallets Development- Backend Management Portals- Consumer Digital Wallets-Merchant Digital Wallets

Scope of Work:   • Backend Management Portals: This feature allows our team to enroll merchants into the application and link their bank accounts, enabling direct money transfers through local banks before consumers can use the digital wallet for transactions.   • Purchaser Digital Wallets: This component lets purchasers load their wallets using payment gateways like Skrill. They can select a merchant and create a digital card (QR code) sent to the consumer's digital wallet.   • Consumer Digital Wallets: Consumers receive a digital card (QR code) from purchasers, which they present to specified merchants to select goods and process payments with the QR code. • Merchant Digital Wallets: Merchants use this feature to scan QR codes and enter transaction amounts to complete payments. • Merchants can view and filter their transaction history, including time, date, and transaction amount. • A feature to manage customer loyalty programs where frequent buyers get rewards or discounts. • Merchants can track their inventory in real-time and receive notifications when stock is low. • Automated reconciliation of funds received with the business’s financial records. • An analytics dashboard providing insights into sales trends, customer behavior, and transaction patterns. • Ability to accept and manage payments in multiple currencies. • Merchants can receive and view customer feedback and ratings to improve service quality. • Generate and send invoices automatically upon completing a transaction. • Access control where merchants can assign different roles and permissions to their staff. • Merchants can export transaction data to CSV or Excel files for offline record-keeping. • The platform supports multiple languages, allowing merchants to choose their preferred language. • Merchants can use advanced search filters to find specific transactions based on various criteria. • Merchants receive email notifications for significant account activities, like high-value transactions. • Merchants can customize payment receipts with their branding and business details. • The system automatically flags and notifies merchants of potentially fraudulent transactions. • Merchants can process multiple payments simultaneously, saving time for high-transaction businesses. • Merchants can create and manage customized loyalty programs tailored to their business model. • Seamless integration with popular accounting software like QuickBooks or Xero. • Merchants can process card-not-present transactions using a virtual terminal interface. The digital wallet system should be built using React Native for consistent cross-platform performance. The system should have two-factor authentication for enhanced security. Include detailed sales trends reports for merchants. The merchant analytics dashboard will allow advanced customization with customizable reports and filters. The merchant analytics dashboard will offer advanced customization options, including customizable reports and filters. The targeted deployment timeline for this project is between 3 to 6 months. The system should support payment methods like credit and debit cards. Post-deployment, full maintenance and updates will be provided. The system should support advanced user interface customization options for different user roles.