Powering Seamless Banking – Scalable, Secure, and Future-Ready

Open Wallet

Open Wallet

Open Wallet by Paysys Labs is a real-time, scalable platform engineered to redefine digital financial management. Supporting a wide range of financial and non-financial transactions, it enhances user experience while streamlining back-office operations. With features like a robust General Ledger (GL) module, secure API gateway, seamless transaction processing, automated reconciliation, and efficient settlement, Open Wallet ensures regulatory compliance and operational efficiency. Its omnichannel capabilities empower banks and financial institutions to deliver modern, digital-first banking services with confidence.

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Key Benefits

Revolutionize your experience with valuable benefits

Enhanced Customer Experience

Provides omnichannel banking with personalized services.

Improved Security & Compliance

Incorporates advanced authentication, encryption, and fraud detection mechanisms to ensure secure transactions and compliance with regulatory standards.

Real-Time Processing

Enables instant transaction updates and seamless banking operations.

Scalability & Flexibility

Supports a wide range of financial products and adapts seamlessly to diverse regulatory requirements, ensuring compliance and operational flexibility across markets.

Seamless Integration

Connects with third-party applications via APIs for extended functionality.

Comprehensive Back Office Management

Includes an integrated CRM, product management, and full control over tax, fees, limits, channels, and parameter configurations—empowering institutions to manage operations efficiently and tailor services with precision.

Core Features

Top aspects that set us apart

Manages financial accounting with automated ledger postings and real-time balance tracking.

Processes payments, transfers, and financial transactions with high accuracy and speed.

Enables seamless integration with third-party services for extended banking functionalities.

Automates matching of transactions to ensure accuracy and compliance.

Supports individual and business wallets with configurable KYC levels, limits, and fees via product-based grouping

Instant wallet-to-wallet, bank-to-wallet, and wallet-to-bank transfers.

Link bank accounts and cards for seamless fund management.

The wallet’s Product module lists all configured products with key details like name, type, currency, limits, and status for easy management.
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How Can We Help You?

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Open Wallet application is a centralized system that manages banking operations, including accounts, transactions, and financial services in real-time.

The GL (General Ledger) Module records all financial transactions, automates postings, and ensures accurate financial reporting.

The API Gateway facilitates secure integration with third-party applications, enabling services like mobile banking, fintech partnerships, and real-time data exchange.

Reconciliation ensures that transactions across different accounts, systems, and financial institutions match, reducing errors and financial discrepancies.

Settlement finalizes financial transactions by ensuring funds are correctly transferred and recorded between banks or financial networks.

No, the open wallet does not currently support multiple currencies.

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