How AltPayNet’s White Label Wallet ‘PULSE’ Empowers Businesses

More than a leader in the fintech space, AltPayNet serves as a lighthouse of modern payments, guiding enterprises in the right direction—and PULSE, its comprehensive E-Wallet Solution, is a key player in that.

By: AltPayNet

Digital Transformation

Online Payments

Opportunities

Today’s digital economy has developed into a well-oiled machine, with financial entities like e-commerce, neobanks, and payment apps, constantly under development to deliver utmost security and a seamless transaction experience.

Here’s where AltPayNet (APN) comes in. More than a leader in the fintech space, it serves as a lighthouse of modern payments, guiding enterprises in the right direction—and PULSE, a comprehensive E-Wallet Solution, is a key player in that.

AltPayNet at a glance

In a nutshell, AltPayNet is a global payment solutions provider for end-to-end payments, enabling businesses to offer financial services without having to build systems from scratch.

APN’s services also cover:

• PULSE – An E-Wallet platform that tailor-fits business needs.
• Merchant acquisition – Supports SMEs, large enterprises, and government units in accepting digital payments.
• Compliance – Adheres to global data privacy regulations such as the EU General Data Protection Regulation (GDPR), and Payment Card Industry Data Security Standard (PCI DSS).

How does APN’s PULSE work?

Cashless digital economies are spreading like wildfire. Gross digital payments across ASEAN alone reached over $806 billion in 2022 and is predicted to rise in the trillions by 2025.

Consumer expectations are clear: they want payment systems that are fast, reliable, and accessible.

As an all-in-one e-Wallet, PULSE encompasses the common functionalities (e.g., bills payment, remittance, etc.) of mobile wallets, offers EFT integration-readiness with InstaPay and PESONet, as well as APIs for swift data exchange.

Here are a few of its core functions:

1. Automated cashback, wherein businesses can reap the benefits of its built-in rewards system, keeping customers spending within the wallet ecosystem.
2. Campaign management that allows direct tracking of promotions, rewards, and discounts within the wallet app.
3. Voucher verification, so that upon voucher redemption, the wallet’s built-in QR scanner communicates with the backend to check a voucher’s authenticity.
4. Voucher disbursement that is targeted and direct.                     

PULSE at play: How banks and businesses can use it

A flexible foundation to launch, scale, and innovate in digital payments.

Branded wallet in apps

Banks and other financial service providers can introduce their own branded e-Wallet inside a partner ecosystem while staying in control over their KYC process, T&Cs, and risk policies.

This aligns with Filipinos’ comfort with online platforms, evidenced by an internet penetration of 73.1% in 2023.  

Faster entry

Rather than building a wallet core and payment connectors from the ground up, businesses can configure limits, fees, and workflows, and go live faster with PULSE.

Cross-border readiness

With acquiring support along with local payment methods, banks can easily expand acceptance programs and traveler-centric offerings, opening the door for inclusive services for both domestic users and international customers.

Around 68% of financial institutions claim transaction speed will be the main driver of e-wallet adoption in the race to keep up with cross-border payments—that is why PULSE and other wallet-based solutions largely depend on strategic partnerships and collaboration to deliver seamless transactions.

Popular e-Wallets that are doing it right

Let’s look at some other successful business e-Wallets that have made themselves indispensable by addressing real customer problems and integrating into day-to-day life.

PayPal

PayPal walked so that white label e-Wallet solutions like PULSE can run. This pioneering online payment platform broke into the mainstream and continues to be a global leader.

Traditional bank transactions were slow and frustrating. PayPal realized the solution as the intermediary we know it as today. It has built a strong customer base by providing top-notch security and making P2P transfers easy.

Venmo

You may have heard some variation or other of, “I’ll get the bill, you can Venmo me later.” Like PayPal, Venmo has established itself as a frontrunner in the e-Wallet space, making its way into modern slang.

This platform arose from the inconvenience of peer-to-peer payments in the U.S.—paying rent, splitting bills, repaying friends usually meant cash or slow bank transfers.

Payments are made through the Venmo app by tapping the pay or request button, then entering the other person’s details such as email address, phone number, or username.

Powering the future of payments

As the surge of e-Wallet innovation and usage in the Philippines continues to grow, so does the evolution of regulations and products. They adapt to the times and serve populations that are increasingly going cashless.

The digital age is ripe with economic opportunities; it’s merely a matter of accepting that the financial landscape is rapidly changing and solutions like e-Wallets are leading the way.