With FinClip miniapps Container,Provide open capabilities for wallets. The wallet can open its own capabilities to the 3rd-party developers. The Mini Programs developed by the 3rd-party developers can be put into the wallet to expand the wallet’s business scenarios. 

Challenges

The challenges faced by the development of digital wallets

The digital wallet industry faces robust market demand, with many emerging players competing in the market, bringing numerous challenges amid industry competition.

1. In the second half of the consumer internet era, the competition for smart device payments is intensifying.

Wallets differentiate themselves by integrating into the payment industry chain, providing users with differentiated value—a key factor influencing users' choice of a specific type of wallet. In the latter phase of the mobile internet, major wallets such as Alipay and WeChat Wallet have already secured substantial market share with the support of the associated traffic ecosystem. As technology in the internet sector advances, the era of "everything connected" is opening a new chapter in internet users' lives. Smart communities, intelligent travel, and smart homes are reshaping the lifestyle of the new generation. User interaction with the mobile internet is no longer confined to apps; it includes smartwatches, smart TVs, smart home gateways, and more. Various industries, including the payment sector, are accelerating exploration of the integration points with Internet of Things (IoT) devices. It's rightly said, 'He who captures the entry point captures the world.'

2. Low user engagement

Digital wallets consist of two ends—the account end and the user end. The account end leverages the wallet's technological advantages by integrating market data and its risk control capabilities to provide high-experience service outputs and assurance for users' transactional activities. On the other end—the user end, it merely offers a view of payment order transactions, lacking the ability to stimulate user interest and foster loyalty. In other words, while a wallet can activate certain immediate user needs, it cannot cultivate user habits, thereby failing to construct a competitive barrier for the enterprise. 'He who gains the user gains the world.' The key lies in rapidly introducing business scenarios that interest users, particularly in the context of the IoT technology revolution during the new round of competition for users.

Our Solution

Offering a Richer Array of Business Scenarios and Services

By integrating the FinClip SDK, digital wallet apps can run a variety of mini-program services, such as shopping, food ordering, ride-hailing, and social media. This integration offers users a seamless experience, enabling them to accomplish multiple tasks within a single application. For instance, during shopping, users can directly make payments through the mini-programs in their digital wallets, eliminating the need to switch to other applications.”

Rapid Integration of Third-Party Partner Mini-Programs

With FinClip, digital wallet apps can rapidly and extensively integrate mini-programs from partner entities. By combining these with their own financial service capabilities, they can create distinctive financial services, thereby enriching the app’s usage scenarios and enhancing user engagement. Additionally, FinClip offers a standardized and digitalized process for partner onboarding, enabling dynamic management of these partnerships

Streamlining Offline Merchant Access

By integrating the FinClip SDK, digital wallet apps can run mini-programs, effectively connecting online and offline traffic for merchants. For instance, in offline settings such as restaurants, users can scan QR codes through the app to access ordering mini-programs, place orders, and make payments directly via the digital wallet app, facilitating a seamless bridge between online and offline customer engagement

Cross platform SDKs

Got 30 minutes? Embed FinClip SDK into your iOS, Android, Linux, Windows, Mac applications. And your app is instantly ready to run unlimited number of Mini-programs (or Mini-Apps, in W3C terms)

Containers with security sandbox

Digital contents & services as "Mini-programs" are downloaded, on-demand, into your App for execution in isolated, sandboxed environment. FinClip is like a container, except it runs in your app

High performance rendering engine

Customized JavaScript engine that renders contents leveraging multi-threading and aggressive caching to provide high performance that rivals native apps. Enables direct access to native device capabilities.

Case Study

LongPay : Rapidly Introducing Mini-Programs into E-Wallets

Why do various e-wallet apps adopt mini-app technology?

1、This approach offers substantial technical benefits, including cross-platform compatibility, eliminating the need for installation, and facilitating easier development. These advantages make mini-apps an attractive choice for e-wallet platforms.

2、Mini-apps are widely utilized in e-wallets for a range of services such as money transfers, bill payments, food ordering, online shopping, gaming, and more.Their versatility and integration within e-wallets enhance user convenience by providing a one-stop solution for various transactions and entertainment needs.

3、LongPay’s inaugural mini-app was a food delivery service. This app enables users to seamlessly perform tasks like searching for restaurants, browsing menus, placing orders, and making payments, all within the LongPay app. The team highlights that mini-app development is user-friendly and has low entry barriers. Post-development, these apps can be swiftly launched via the FinClip management platform. Once integrated with the LongPay app, users gain easy access to the food delivery service directly within their LongPay wallet, streamlining the process.