Advanced closed loop ewallet system
Offer your customers a user-friendly closed-loop e-wallet solution, crafted to provide personalized experience and boost customer engagement.
What is a closed-loop wallet?
A closed-loop wallet is a digital payment system designed for use within a specific business or network. Customers load money into the wallet app and use it exclusively at businesses that issued it.
It’s different from regular digital wallets because a closed-loop eWallet keeps all payments contained within a business’s network. It allows direct transactions between your business and your customers, without involving banks or external processors.
Features that transform your business
Loyalty programs & rewards
Boost customer retention with tailored loyalty programs and reward systems to enhance your brand loyalty.
- Increase customer engagement
- Encourage higher spending per visit
- Enhance brand loyalty and recognition
Customizable solution
Customize our solution to fit your business’s unique needs for a perfect and seamless integration.
- Promote your brand identity
- Adapt to changing business requirements
- Personalize user experience
Data analytics & insights
Leverage our powerful data analytics tools to drive informed decisions and optimize business performance.
- Identify customer behavior & patterns
- Improve marketing strategies
- Enhance operational efficiency
Scalability
Ensure optimal business operation and grow effortlessly with our solution that scales as your business expands.
- Support your business expansion
- Handle increasing transaction volumes
- Ensure long-term sustainability
Industries we serve
Retail
Optimize retail transactions and offer customers fast, secure, and seamless payment experience.
- In-store purchases & checkouts
- Loyalty programs
- Inventory management
Education
Simplify campus payments with a secure and easy-to-use closed loop ewallet solution.
- Student ID integration
- Cafeteria payments
- Event access
Food & Beverage
Enhance customer experience with a secure, personalized, and intuitive interface and simplified payment options.
- Mobile ordering
- Table-side payments
- Reward points
Event management
Simplify your event payment experience for attendees and easily manage access.
- Ticket sales and access
- Cashless transactions
- Track attendee spending & preferences
Hospitality
Improve guest experience with personalized offers and flexible payment methods in our solution.
- Room service payments
- Booking payments
- Membership programs
Transportation
Streamline fare collection and issue digital tickets for a hassle-free & convenient traveling experience.
- Contactless ticketing
- Automated toll payments
- Fare capping
Robust security & compliance that you can trust
Advanced encryption
Protect customer data and every transaction from unauthorized access with end-to-end encryption technology.
Regulatory assurance
We implement ethical data practices to make sure you stay compliant and meet stringent international compliance requirements with ease.
Fraud prevention
Prevent and eliminate fraud and its related threats with real-time security monitoring.
Why choose SwiftPay for closed-loop ewallet?
Seamless Experience
Our closed-loop eWallet is designed for speed, ease, and convenience. Gives your users instant access to payments, balances, and rewards with minimal friction.
Custom Branding
Make the ewallet truly yours. Get customized interfaces, features, and visuals to align perfectly with your business identity and customer expectations.
Dedicated Support
From setup to scaling, our team is here to support you at every step via chat, email, or call whenever you need assistance.
Boost your revenue and customer engagement with our trusted closed loop eWallet solution
Frequently asked question
A closed-loop wallet is a digital payment system that can only be used for transactions within a specific business or group of businesses. It’s typically linked to a customer’s account or prepaid balance and doesn’t support payments outside the issuing brand.
A public transport operator that offers digital wallets for buses, trains, or metros is a good example. For instance, a city metro system might allow passengers to top up their balance and pay for fares exclusively within its network using a branded app. These funds can’t be used outside the system.
Open-loop wallets let you make payments at multiple merchants and are usually backed by banks or card networks. Closed-loop wallets, on the other hand, work only within the issuing business or group.
They keep customers engaged within your ecosystem. Payments in closed-loop wallets can be linked with rewards, promotions, and personalized experiences. This can help encourage repeat visits and strengthen brand loyalty over time.