Features of eWallet Mobile App Development
eWallet apps have always been the talk of the town since the mobile payment revenue already accomplish $800 billion in 2017, and soon it will cross one trillion by 2019. Facts like this prove that this is the right time for your wallet mobile app development company to make an eWallet app for your startup.
Now people do not prefer to carry money with them. Instead, they are making payments directly through their eWallet. The reason is simple these platforms are fast and reliable, offering a safer network for making the payment. Indeed, the concept of digital payment is transforming the banking world.
So, if you want to identify the finest solutions regarding eWallet mobile apps besides the high functionality, features, and cost structure, then keep reading this post.
What is a Mobile eWallet??
A mobile wallet is a tactic to transmit your bank account details in a secure digital form on your smartphone. Instead of using a credit or debit card to make purchases, a mobile wallet permits you to pay with your smartphone, tablet, or smartwatch in stores, in apps, or on the web.
While hiring for e-wallet mobile app development, you should decide that what features you want to integrate into your app. You should either offer just one feature or an advanced solution where the users could pay for goods and conduct other P2P payments.
QR Codes
Most of the Watchet app now uses a QR code scan method to transfer money as it is the simplest facet. The function requires an In-app camera. With the help of an In-app camera, users can send the transactions receipt to other users. All the trades can be confirmed within an app so as authenticate all the fund transfer requests instantly. These types of apps are used to transfer money smoothly with the persons with you frequently buy things.
Blockchain
eWallet apps that are powered by blockchain technology are the future of making payments. The reason being it is highly secured and immutable. Currently, this is only used by a government organizations and financial institutions as they involve huge amounts to be transferred.
Pay bills
Users are now paying their bills with eWallet apps. The apps are integrated with your bank account and conveniently maintain track of all the cash flows.
Invite friends
Every eWallet provides some cashback offers so that users used their app. Users can send an invitation to their friends for transmitting and receiving the funds without asking for account details.
Push Notifications:
Nowadays, every app is using push notifications to keep its users attentive and engaged. The app maker wants to inform their users regarding cashback offers, deals of the month rewards points, and other deals and alerts the users whenever a transaction is made or requested.
Wearable integration
This is the feature for which the users are nowadays looking. Users can integrate their app with smart wearable devices and can monitor all the payments on their wrists. It adds significantly to user convenience and at the same time defines a new approach and trend for making payments with a straightforward and convenient method.
Read More Information
- What to Consider Before Launching an eWallet app
- E-wallet Mobile App Development Cost Estimation With Advanced features
