NoMod Wallet & Debit card
We hope to see an advanced step by placing a wallet linked to a debit card and allowing the option of transferring to the bank or keeping the amount in the wallet with the option of transferring from merchant to merchants, as we have some merchants who have Nomod (saves time transferring to the bank and then transferring to the merchant) also using the debit card for purchases and cash withdrawals
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Comments1
Karlo Alfredo
Dec 20, 2024
Thank you for sharing your thoughts!
We’ve had some early discussions around the idea of enabling businesses on Nomod to pay one another, and we agree it’s an exciting opportunity. Regarding the wallet, this is something we’ve explored multiple times in the past, and we are actively working through it. As you can imagine, the wallet functionality involves significant regulatory considerations, which require careful navigation.
Our vision aligns closely with what you described: a wallet linked to a debit card, providing merchants with the flexibility to either transfer funds to a bank or retain them in the wallet. This would also allow seamless transfers between merchants using Nomod, saving time and improving efficiency by eliminating the intermediate step of moving funds to and from the bank. The linked debit card would further enhance convenience by enabling purchases and cash withdrawals directly from the wallet.
We’re excited about the possibilities and will keep you updated as we make progress!