P2P Payment processing
A P2P payment solution for Mastercard that enables users to send and receive money using mobile phone numbers. This solution is accessible through both a web platform and an integrated Viber bot, offering a secure and user-friendly way to handle peer-to-peer transactions.
Key Features and Functionality
The solution simplifies payments by allowing users to send money directly to recipients using their mobile phone numbers. It integrates seamlessly with Mastercard Send™, ensuring instant transfers to bank accounts, debit cards, or mobile wallets.
To enhance accessibility, the solution includes a web platform where users can register their payment cards, manage transactions, and view payment histories. Additionally, it leverages Viber’s chatbot functionality, enabling users to initiate and track payments directly within the messaging app. Notifications are sent in real-time through Viber messages, keeping users informed of transaction statuses.
Security is a top priority, with features like end-to-end encryption, biometric authentication (where supported), and robust identity verification protocols protecting user data and preventing fraud.
Technical Implementation
The solution is built on Mastercard Send™, which facilitates fast and secure money transfers globally. The Viber bot utilizes Viber’s Payment API to process transactions within the app securely. Structured JSON requests are used for payment processing, ensuring smooth communication between the bot and payment gateways.
The web platform complements the Viber bot by providing a user-friendly interface for managing payments. Both systems are designed to work seamlessly together while maintaining high standards of security and reliability.
Benefits for Users
This solution offers convenience by allowing payments to be made with just a phone number—no need for complex banking details. Transactions are processed instantly, ensuring recipients have access to funds immediately. The integration with Viber makes it possible to send money directly from chat conversations, while the web platform provides additional flexibility for managing accounts.
With multi-card support, users can choose their preferred payment method for each transaction. The system’s advanced security measures ensure that every transaction is protected against fraud or unauthorized access.
Future Enhancements
To further improve the user experience, future updates could include features like group bill splitting within Viber chats or enabling utility bill payments through the bot. Expanding support for virtual debit cards compatible with Apple Pay and Google Pay is also planned. Additionally, scaling the solution globally will make P2P payments accessible in more regions beyond its initial rollout in countries like Hungary, Ukraine, Romania, Germany, and Greece.
This innovative solution combines Mastercard’s trusted payment infrastructure with modern communication tools like Viber to create a fast, secure, and convenient way for users to manage peer-to-peer transactions effortlessly.