Overview

Smartag Digital Wallet is a mobile payment system developed by Smartag Solutions Berhad that allows its users to store credit cards, loyalty cards and gift cards among other things, as well as redeeming sales promotions on their mobile phone. Smartag Digital Wallet uses Near Field Communication (NFC) to make secure payments fast and convenient by simply tapping the phone on any supported terminal at checkout.

• Make payment with various credit/debit/transit cards.

• Loyalty cards & coupons.

• Door Access.

It could also be used to read Radio Frequency Identification (RFID) labels and check authenticity of products in real-time by

• Tap & Authenticate

• Tap & Review

• Tap & Check-in

• Tap & Get Coupon/Info

• Tap & book

Security

1. While a stolen debit card can be used in some circumstance without a personal identification number (PIN) or signature, the Smartag Digital Wallet requires a PIN and has additional security.

2. Smartag Digital Wallet stores encrypted user information on a computer chip called the Secure Element. The Android device itself can be locked with a personal identification number (PIN).

3. The Secure Element only stores data and is required to open the Smartag Digital Wallet app.

4. The Secure Element memory is separate from the device memory.

5. The chip is designed to only allow trusted programs on the Secure Element itself to access the payment credentials stored therein.

Advantage

1. Solve overload of plastic cards, card issuer issuing a virtual card that resides inside a mobile device.

2. To engage target marketing, make offers, loyalty program and discounts to customers.

3. Higher security compared to physical wallet by having two layers of PIN protection; PIN when user tries to use the card, and another PIN if payment value exceeded threshold amount.

4. Consumers are hassle-free tracking of expenses and easy redemption of offers/coupons.

Innovation