Go cashless with Trriple mWallet

UAE start-up enables individuals to make payments from their mobile phone

At a time of rapid digitisation, Trriple aims to empower individuals to go wallet free. The solution is an easy to use mobile wallet which allows accessibility to your money for every payment you need to make. Trriple enables financial transactions to be done right from your smartphone without the hassle of browsing websites for new deals, or queuing in lines for remittances and transfers.
The pioneering UAE FinTech start-up introduces the first-of-its-kind mobile wallet for both the unbanked using cash, and the banked using cards and bank accounts. It introduces a new way for individuals to manage their finances with a variety of customised plans and provides for on the go payments, at his or her own convenience.
Paolo Gagliardi, Chief Executive Officer, Trriple Payments LLC, who brings with him more than two decades of professional experience in network services and revenue generation, talks about the unique vision of the digital wallet.
"The concept that Trriple promotes is innovative in essence and there were not many takers of the idea even a few years ago. But today digital finance and transactions via app have become a cornerstone of marketing, and Trriple wants to bridge that gap," Paolo remarked. "The solution is the result of extensive research and market evaluation conducted to gauge the pulse of the consumer and the vendor."
He said while banks have invested a lot in digital mediums, the real issue is adoption of services for end users. "People are comfortable using their smartphones for everything but asking them to put their money on their phone has been a challenge. We are gradually overcoming this resistance and people are now increasingly starting to trust in the format of accessible e-transactions through their mobile wallet."
He says technology has significantly contributed to the increase in customer convenience and confidence. "With the introduction of customised innovations and value propositions, customer adoption is bound to increase with time."
The mWallet allows you to instantly send money across borders, pay for your utility bills, even laundry and grocery orders, as well as shop for all that you want to in a hassle-free way. It provides the framework for a powerful ecosystem that is being built to enhance the experience of the consumer and the merchandiser. Moreover, cash transactions can now be made between two parties in the safest way possible.
Paolo observes that while more than 70 per cent of transactions in the UAE are cash-based, it is at times difficult to instantly move or retain cash, as and when needed. "Trriple can make life easy! While managing cash is a risky business, Trriple can address this issue in real time with transfer services available on the mobile application."
Presently, several money exchanges charge exorbitantly for financial transactions. This is where Trriple can make the difference with cost effective solutions, especially in the case of international remittances. The exchange rate used by the solution is as per the public rates available which is displayed to both the customer and the merchant prior to the transaction, allowing for an informed decision.
In the case of other payment options such as credit cards, debit cards, prepaid cards and such, consumers end up paying heavy surcharges, retention fees, and other hidden charges on transactions, as well as fluctuating interest on finances used. These do not solve the 'cash' issue in the long run. 
The advantage of converting cash into digital currency is that you now have full control over its usage, and moreover it is manageable, safe and acceptable across the board with firms and individuals linked to the system. In other words, Trriple simply merges credit and cash in a sophisticated way.
Trriple is simply the next generation digital payments platform, and Paolo takes pride in saying that the UAE will soon be the first to experience it.
The vision is to build a global digital payments ecosystem for anytime, anywhere payments, and for everyone in a trustworthy manner. The way to begin is to download the Trriple mWallet mobile application from the Google Play Store and Apple App Store. Apart from linking a bank account or credit card, Trriple users can load their mobile money wallet by cashing in at any Trriple agent. Merchants can also load consumer's mobile wallet using the cash in at agent functionality. Once done, you can directly transact all monthly expenses such as international remittances, mobile credit top-up, and department store purchases.
It is all about an "enhanced e-wallet". From secure encryption to digital financial deals, Trriple will soon be an indispensable option.
Starting from the registration process, the three-layered security covers data, communication and application in a seamless and safe method. It is fully compliant with the UAE's regulations, ensuring that the customer's personal details, his finances and security are well taken care of. The data bank located in Dubai is compliant with the highest physical and digital security international standards. The solution is ISO 27001 certified to protect customer and partner data.
The Trriple chief says around 40 per cent of people in the UAE are in the age group of 17 to 35, known as the Millennials, while an additional 40 per cent are blue collar workers. This indicates that three-fourth of the total population of the UAE are all unbanked or just under-banked.
Millennials are known to be early adopters of new technologies who spend majority of their time using the Internet through their different devices on a daily basis. The second segment of blue collar workers is typically more apprehensive of new technologies and sends 60 to 80 per cent of their salaries to their home countries.
The Trriple mWallet app captures both these audiences by providing the convenience of peer-to-peer transfers, top up their mobile credit on du or Etisalat networks, paying for goods at merchants, and much more. In addition to this, Trriple eliminates the need to stand in a long queue by offering crossborder remittance at fair prices with the highest security level. 
The purpose is to enable financial inclusion and the way to achieve this isto offer a solution, which is connecting the financial ecosystem.
According to Paolo, Trriple will play a pivotal role in the UAE with regards to the Smart Government goals. As the UAE strives to become a cashless society by 2020, an inclusive and digital payments ecosystem is a must which Trriple contributes significantly to as a technology enabler. 
Trriple has already secured many key agreements with strategic and global market leaders within financial and technology. It is an ongoing process with new propositions and deals continually being added to provide the customer with the best.
Trriple mWallet is available to customers today and can be rightly described as 'first of its kind' and 'all in one'. It ultimately works towards transforming the quality of life, which will result in increased happiness, productivity and economic growth.
"It's all your cash, and at your disposal." he adds 

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