Payment Solutions

Today's competitive global business environments demand payment software solutions to be more flexible, responsive and of course, cost-effective. XEN GlobalTech offers payment software service that includes bill payment, wireless payment services, telecom, fraud protection services and security domains. Our expertise in the domain of payment software service can also be integrated in industries like retail, healthcare, leisure and transport.

XEN GlobalTech has good experience on Mobile Payment. A mobile payment is any payment where a mobile device is used to initiate, authorize and confirm an exchange of financial value. Mobile devices may include mobile phones, PDAs, wireless tablets and any other device that connect to mobile telecommunication network and make it possible for payments to be made. The realization of mobile payments has made possible new and unforeseen ways of convenience and commerce. Music, video on demand, location based services identifiable through mobile handheld devices – procurement of travel, hospitality, entertainment and other uses are possible when mobile payments become feasible and ubiquitous. Mobile payments can become a complement to cash, cheques, credit cards and debit cards. It can also be used for payment of bills (especially utilities and insurance premiums) with access to account-based payment instruments such as electronic funds transfer, Internet banking payments, direct debit and electronic bill presentment.

Mobile phones as a delivery channel for extending banking services have off-late been attaining greater significance. The rapid growth in users and wider coverage of mobile phone networks have made this channel an important platform for extending banking services to customers. This is a simplified conceptual model that describes the relationship between the major participants in a mobile-payment.