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Case study

How areeba created a simple and secure digital wallet

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Capability

Insights & Intelligence

Subcapability

Advisors & Transformation

Problem

areeba wanted to create a simple and secure digital wallet

areeba, a Lebanese fintech and payments company, wanted to create a simple, secure and low-cost product to encourage digital payments over cash, which is the predominant means of payment in Lebanon.

areeba worked with Mastercard’s Digital Labs team to develop a product that would give consumers a solution for transferring money, paying bills and paying merchants using QR codes.

Approach

How areeba created a high-fidelity prototype with Digital Labs

With Mastercard’s experts, areeba took the concept to a high-fidelity prototype in just 5 days.

areeba participated in a 5-day rapid prototyping sprint with Mastercard’s team of design thinking and payments experts.

At the end of the sprint, the co-creation team developed a prototype, pitch presentation and advertorial product video for Zaky.

Results

Rapid go-to-market and solutions developed with Digital Labs

areeba took the concept to market, transforming its payments offering in Lebanon.

Following development and system integration, the innovation partnership helped develop solutions spanning transfers, bill payments and merchant payments.

 

Transfers

Transfer money instantly with just a mobile number. Invoice or request payment from anyone instantly. Transfer part or all your balance from Zaky back to your card, in one simple step.

Bill Payments

Top-up prepaid Touch or Alfa phone lines. Recharge international mobile accounts. Buy e-vouchers for games, shopping and entertainment apps (e.g., iTunes, PlayStation, Xbox, Amazon, Netflix). Get internet vouchers.

Merchant Payments

Pay merchants directly by simply scanning a QR code on your phone.

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