Ryat Wallet
1. System Name and Purpose
The system is called Ryat Wallet: The Retail Wallet by Ryat.
Its overall purpose is to deliver Ryat's institutional-grade infrastructure to everyday users, providing a safe, reliable, and flexible way to manage money.
Its goal is to provide financial freedom in the palm of your hand.
It is designed for everyday users, including individuals, corporates, SMEs, and communities.
2. Problem It Solves
Ryat Wallet addresses the need for a simplified banking and money management experience for retail users.
It solves the problem of access by acting as a bridge to financial inclusion, connecting users to global finance.
It is different because it is powered by Ryat’s institutional-grade infrastructure, including its compliance engine, and is backed by Ryat’s vaults, which are monitored by the Treasury Dashboard.
This ensures a high level of security and reliability for the retail user.
3. How It Works
Ryat Wallet is an accessible retail wallet that functions as a mobile app — a digital wallet “in the palm of your hand.”
It allows users to Top-Up funds directly from bank accounts or mobile money.
It facilitates P2C Transfers (Ryat Wallet -to-Ryat Wallet ) for instant sending and receiving of money.
Users can Withdraw funds to a bank or mobile money account anytime.
It supports Card Issuance of virtual or physical cards that are PCI DSS compliant.
The wallet is backed by Ryat’s vaults and monitored by the Treasury Dashboard, and features Integrated Security with full KYC/KYB powered by Ryat's compliance engine.
4. User Benefits
The main benefits are:
5. Key Features
The most important features are: