Infinix has announced a new partnership with PalmPay with the aim of launching Infinix Wallet, a new digital wallet app. This is the first for the smartphone maker and hence it has partnered with PalmPay, a mobile services platform that has been in operation for a number of years.
The introduction of Infinix Wallet should help build a multi-dimensional digital life ecology for Infinix smartphone users that integrates financial services and various payment scenarios into a simple and secure ecosystem.
Infinix says the aim of this app is to allow users to easily complete credit and balance account applications, mobile phone top-ups, daily shopping, money transfers, and more with simple operations on their mobile phones.
“We have benefited from the incredible developments of the digital economy and are fortunate to take a key role in building this digital ecosystem. PalmPay delivers its innovative financial technology and extensive service experience. Together, Infinix and PalmPay will provide consumers with an unparalleled digital financial service experience. In the future, Infinix will work with more partners to extend the scope of Infinix Wallet services to cover more application scenarios to simplify digital finances for end-users.” Skye Chen, Head of Global Public Relations of Infinix.
“Infinix is a leading enterprise in terms of market power and brand influence among African consumers. The partnership between Infinix and PalmPay will accelerate the rapid adoption of digital wallets, and connect valuable and high-quality services to end-users in more countries and regions. Additionally, it will also drive the rapid development of the digitization of financial services.” Sofia Zab, Chief Marketing Officer of PalmPay.
What the Infinix Wallet Offers
Instant Credit
Instant Credit is a featured digital credit account for Infinix mobile users that offers a minimalist and convenient experience for users. Without the complicated application process of a traditional credit card, users can quickly open an Instant Credit account with third-party financial institutions and use credit to pay as they go, allowing for a quick turnaround of small payments.
Instant Credit helps users to build their personal credit profiles with the Infinix Wallet by providing a high initial credit limit, which allows users to increase their credit line over time building up a credit history by making payments on time. Instant Credit also provides Infinix users with customized benefits such as zero processing fees, zero account management fees, zero annual fees and free interest of up to 16 days.
Load Bank Cards & Manage Funds
Infinix Wallet enables full online management of all users’ bank cards, providing a digital, visual and card-less fund management experience. By adding a third-party bank card to Infinix Wallet, a user can check balances, transfer funds, pay for goods, make repayments and classify spending statistics. This combined provides an intelligent, convenient and clear view of personal wealth management, income and expenses.
Simple Digital Finances
With services being offered constantly expanding, the Infinix Wallet is set to become the one-stop shop for digital finances in emerging markets where Infinix products are popular by integrating daily user spending including topping up talk time, data and utility bill payments so that users can tap & pay and get on with their day. Infinix currently collaborates with the mainstream local service providers including: Safaricom, DSTV, Kenya Power and Nairobi Water.
In addition, Infinix Wallet has also connected with local merchants offering users a wealth of rebate benefits such as cashback on payments, discounts, loyalty rewards, membership points and more allowing users to spend less and save more.
Safe & Secure
The Infinix Wallet features a multi-layered security system to safeguard user privacy and payments ensuring customers can tap & pay with peace of mind. Being user-centric by design, the Infinix Wallet protects user data by making sure the user fully owns their own data and has knowledge over any collection, usage, processing, retention or deletion if applicable. Additionally, Infinix Wallet works with third-party licensed financial institutions besides PalmPay that provide payment and other financial services in various countries to continuously protect user funds and payments through various technological means such as security information comparison, dynamic password verification, risk monitoring system protection and more.