The modern era, a.k.a., the digital era, has witnessed a paradigm shift in the way people transact services. While cash dominated the predominant part of the 20th century, credit/debit cards rose to the occasion at the beginning of this century. With advancements in modern technology, the popularity of credit/debit cards is declining, and mobile wallets are replacing them at a rapid rate.
Apps like Venmo, PayPal, PayTM are concrete examples of the emergence of mobile wallet apps. If you’re an entrepreneur aiming to embark on your arrival by initiating your mobile wallet app development, you need to implement unique functionalities, thereby making it stand apart.
Multilingual support: As simple as it may sound, enabling customers to access the app in the language of their choice can enhance customer engagement rates. Besides, you’ll earn a global presence as well.
Scan QR code: Paying merchants via the app is a piece of cake if it has a QR code. This way, users can scan QR code, enter the payment amount, and transact seamlessly without any hassle.
Check balance: Besides paying bills and funds transfers, users should have the option of checking their account balance whenever they desire.
Transaction history: It would help if users get to know their past transactions. This way, they can sort out monthly/quarterly transactions, visualizing their areas of expenditure.
Real-time analytics: This admin panel feature enables you to make informed business decisions. The analytics feature rolls out insights on areas of improvement, user feedback, etc., letting you upgrade the app as per your needs.
Conclusion
You needn’t have second thoughts or hesitate to invest in this lucrative business opportunity. All you need to do is integrate cutting-edge features in your mobile wallet development to stand out from the rest of the lot. Reach out to an app development company and launch your e-wallet app right away.
