29 Sep - 2 Oct
Frankfurt, Germany
Dashdevs is going to sibos
Digital Transformation | Banking Innovation |
Open Banking
MuchBetter
award-winning e-wallet preferred by global gaming sites
MuchBetter is a revolutionary payment app. Industry-leading e-wallet lets store, send and receive money securely and quickly. It is the preferred payment app of global gaming sites, providing an alternative to wallets like Neteller, Skrill, Entropay and Ecopayz. It is also welcomed at high street retailers and is a rewarding way to send and receive money from your friends and family for free.- Location UK
- Industry FINTECH
- Team Size 4 people
- Duration 4 month
- Budget $120K
Challenges
Time & budget constraints: deliver fully working solution under $150K.
Create orchestrated B2B2C payment service which supports multiple providers & integrations.
Meet numerous industry specific security standards & prepare product to be PCI/DSS compliant-compatible system.
Absence of defined product requirements, designs, mockups, documentation etc.
Solution
MuchBetter is an industry-leading e-wallet that lets store, send and receive money securely and quickly. It’s a simpler way to deposit and cash out with global gaming brands.
It simplifies transactions through unified stand alone payment service to which it is easy to connect any bank, payment method or system. It also offers secure accounts. Which are protected with device pairing, touch ID, dynamic security codes and a transition review system to ensure that only legitimate transactions go through.
our input
UI/UX Design
hybrid development
Back-end Development
Quality Assurance
automation QA
Cloud & Devops
Business analysis
Project management
RESULTS
We're proud of being a part of creating successful product for global market and ensure its stable and expansion.
- countries covered180+
MuchBetter application is available in 180+ countries over the world, serves more than 400K+ users and connected with 300+ merchants.
- unified interfaceAPI
Unified API-interface that is unlimitedly scalable and allows easy and cheap integration of new merchants, payment methods and banks.
- Reduced costsx30
Reduced costs for all transactions from 3-4% per transaction to a few pennies no matter the amount or currency.
App functionality
Wallet
Payment processing
Virtual Ledger
money withdrawal
KYC & KYB
two factor authentication
biometric authentication
dynamic tokens & CVV
unified API Interface
UK & EU payments
Customer Support
top-up
Analytics
how we did it
- with opening virtual accounts without user involvement
DESIGNED smooth money transfer FLOW
- development from scratch with on time launch4
month to launch
- of account creation, which is different for different banks
orchestrated FLOW
- of data contract structure & designed unified one
conducted INVESTIGATion
- of the most suitable bank partner
research & proposition
- with payment providers for CHAPS, Faster Payments, SEPA and SEPA Instant payment schemes
numerous integrations
Technologies
we used
Java
Google Cloud
MongoDB
Cloud Pub/Sub
client testimonial
DashDevs has shown profound expertise in the field through their workers. Their outstaffing services proved a great tool for quick team augmentation. Each detail was handled precisely and professionally, enabling us to stay focused on other things.
Creation Process
Product vision
After analysing the market we helped to shape product vision to fit the niche and worked closely with the clients team on forming hypotheses, testing them and reshaping vision according to best market fit.
1Consulting
Based on our technical and business expertise we made a list of all required technologies & vendors for product development. We performed deep research on the differences of vendors and conducted all negotiations about terms of partnerships.
2architecture design
After considering all pros and cons from a business, technical & compliance perspective we proposed solution architecture that is based on optimal group of vendors. We had to overcome absence of product documentation, requirements, designs and create architecture from our product experience, market & technology understanding.
3Development
Small team of engineers worked on developing product integrated with payment providers for CHAPS, Faster Payments, SEPA and SEPA Instant payment schemes. That was challenging because we had to overcome: outdated API documentation, sub-partner dependencies that affected timelines and created codependencies, absence of meaningful technical support from vendors side & abrupt changes of vendors APIs or environment without notification.
4Maintenance & Support
After releasing the MVP we continued on implementing new features. Our partnership has been successful for 1 year.
5
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