Commerce today is more connected and more digital than it has ever been and the disruptive online payment models come to market at an astonishing rate in China, for example the WeChat Pay, Alipay, Apple Pay, Android Pay or Samsung Pay, and etc. This emerging technology leads the transformation of future of payments both in retail and banking levels.
Retail industry uses Point of Sale (POS) devices for wireless payment, bar code scanning, and receipt printing or credit card readers while modern POS systems require a high operation speed, reliability, low cost, and easy use. South Wireless is working with retailers and OEMs worldwide to capitalize on the IoT for secure, highly reliable cellular POS and retail applications complete device-to-cloud IoT solution which drive clients’ businesses worldwide to conduct business anywhere and everywhere.
In the era of IoT, along with the coverage of 4G network, Virtual Teller Machine (VTM) is now the new trend for our personal banking. VTM or Interactive Teller Machine is a device for customers to perform banking transactions while interacting with tellers located at other mini branches nationwide via video conferencing. The services are far beyond those current ATM / CDM, besides account /balance enquiry, withdrawal (savings account), cash deposit (savings account), fund transfer, bill payment (round up amount), credit card payment (cash & transfer) and Loan Payment, the new VTM can allow users to open bank account and e banking account, apply credit card, print proof of asset and even inquiries on financial / investment products.
Our Scope of Work: