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Handy U created for customizable payment, benefits and rewards solution.

BANKING AND CREDIT NEWS-June 21, 2017-Handy U created for customizable payment, benefits and rewards solution


The fintech and insurtech company IATAI Enterprises (IATAI), which specializes in making mobile transactions, communications and other interactions quicker and easier across platforms, has joined forces with the payment solutions enabler BPP to develop Handy U, a universal and customizable payment, rewards and insurance solution for consumers, businesses and merchants, the company said.

Handy U is a reloadable Visa virtual/digital account that enables IATAI's travel and insurance clients to instantly make and receive payments, access benefits and redeem rewards generated by their loyalty programs. Handy U is hosted on IATAI's digital wallet, onepocket, which lets users combine several payment methods in a single transaction, both online and in-store.

Users will have secure mobile access to hotel and travel discounts, trip cancellation insurance, emergency medical coverage, theft protection, data protection and other services at home and abroad, for a small fee. Customers will also be able to redeem their reward points before and after their transactions.

If clients prefer, they can opt for a physical form of payment--a General Purpose Dual Interface prepaid card or a wearable, for example--in addition to a virtual one.

Thanks to Visa payWave's secure contactless payment technology, Handy U customers will be able to pay for small purchases at points of sale with just a wave of their card, wearable or device.

Handy U will be launched in Latin America in Q3 2017.

Based in San Francisco and also present in Europe, Latin America and the Caribbean, IATAI Enterprises makes mobile transactions, communications and other interactions between merchants and consumers quicker and easier across platforms, using disruptive technologies such as artificial intelligence (AI) to improve user experiences when and where they matter most.

Specialized in next generation payment methods, the company was born big. A world leader in the issuance of VISA prepaid cards, with more than 10 years of experience in foreign currencies cards, it has an extensive know-how in personal and corporate solutions in payment methods. With a focus on innovation, technology and ease, BPP offers the most complete range of products to manage the most different financial daily operations.

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 21, 2017
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