Mobile Wallet Apps & Market Stats
Mobile Wallet Apps & Market Stats
$1 trillion
revenue will be through Mobile Payment by 2019
35.7% Cagr
Growth is expected between 2018-2022 for transaction value in Mobile POS Payments.
150%
Growth is expected for Mobile wallet industry in India for next 5 years.
About Mobile Wallets
About
The stir that was created by the introduction of Mobile Wallet in the market led to major companies in cross sectors all around the world coming up with their personal mobile wallets. India has seen a phenomenal increase in mobile wallets, with an aim to be a cashless country in the near future resulting in companies like Airtel, Jio and Zomato coming up with their own versions of mobile wallets. With these major companies raking in millions every day, it comes as no surprise that everyone would want a mobile wallet of their own to ensure smoother transaction flow.
Advantages Of Developing A Mobile Wallet Application
What are the advantages
A Mobile Wallet in simple words is cash convenience on the go. With the multifarious trials that individuals face in terms of money matters, a mobile wallet is the next best facet in the market.
It reduces the menial task of carrying multiple payment options around. Say good riddance to your stack of credit/debit cards.
Mobile wallets save time as payment is made quicker and smoother just by simply tapping on your smartphone.
Provides more security as data is encrypted hence reducing fraudulent issues.
Resource Team for Mobile Wallet
- 1 UI Designer
- 1-2 Android App Developers
- 1-2 iOS App Developers
- 1 Backend developer
- 1 Quality Analyst
- 1 Business Analyst
- 1 Project Manager
Basic Features of Mobile Wallet App Development
Basic Features
| App Users | User Side | Admin side |
|---|---|---|
| Basic Features | Login & Registration | Login |
| Manage Own Profile | Manage Users (View/Edit/Disable) | |
| Manage Wallet Details | User Wallet Management | |
| Send Money | Manage Transactions | |
| Receive Money | Manage Payment Gateways (Add/Edit/Delete) | |
| Manage Passbook | Set Minimum/Maximum Transaction Amount | |
| Deposit/Add Money | Track User Activities | |
| Push & Email Notifications | Generate Reports | |
| View Transaction History | Push & Email Notifications | |
| Add Cards/Bank Account/PayPal Account | Verify User Document | |
| *Data Encryption and Decryption* | Manage Recharge & Bills | |
| Make Recharge or Pay Bills | Manage Offers,Coupons & Promo Codes | |
| Apply Coupons and Promo Codes | Dashboard | |
| Scan and Pay with QR Code | Analytics & Reports | |
| Payment Due Date Reminder | Manage Profile | |
| Invite & Earn | Settings | |
| Settings | - | |
| Cost of Mobile Wallet App Development | 20k to 22k USD | |
Create your own Mobile Wallet Application
Create your own
The immense reputation that followed the inception of Mobile Wallets drove various sectors to come up with their own trends to adhere to its global scale of popularity. However, opting for the best Mobile Wallet solely lies in the hands of an individual who is looking for a well-integrated user-driven system that secures the payment gateway ensuring that their transaction details remain confidential. Vrinsoft Technology, a leading IT consulting services company in India, excels in providing an extensive range of Mobile Wallet payment solutions collectively built to generate well-managed payment technology.
A highly regarded IT company, we are a team of software developers, business analysts, website creators, UI/UX designers and mobile application developers working cohesively and are currently managing clients like Mitsubishi and Ubuy.
Innovative Features
Innovative
Integrate Blockchain to Secure Your Payment
With the transactions undertaken by Mobile Wallets increasing day by day there entails a dire need to take extensive measures to secure all the details. Using blockchain, the transactions can be encoded in the archives.
Machine Learning to Analyze Payment Pattern
Using machine learning, algorithms can be created which analyzes the patterns of payments and can be used to determine the various products and services accessed. The patterns formalize a link for the brand to come up with more eye-catching products and attractive offers.
Incorporate Biometric Identifier Technology
With the payment transactions undertaken by Mobile Wallets taking over those of e-commerce websites, Mobile Wallets are now more secure as biometric authentication can be used to identify authentication.
Looking to Team Up?: What you can expect from us
- As a team of highly experienced individuals, we progressively work as a collective to ensure equitable outcomes for you.
- We help you in strategizing and conceptualizing your projects actively working for you and with you.
- After commemorating 8 years in the industry, we have established a strong foothold in the IT services industry and hold high regards in the Tech sector. Carving a niche in the market drives us towards being updated with the latest technologies and having good industrial relations with the best software companies.
- We advise a fool-proof budget plan and analyze cost-effective strategies to match your needs.
Technology Stack We use to develop
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Android
-
Android Studio
-
Fabric iOS
-
Google Analytics
-
Google API
-
MEAN Stack
-
Mentis BT
-
Sass
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swift iOS
-
Xcode
Start a project with Vrinsoft
So, what are you waiting for? Look no more and become a part of the Vrinsoft partner today. Reach out to the leading Mobile Wallet application development company today to develop your dream project.
Contact Us
Have an !dea or need help with your Mobile Wallet App Development Work ?
Phone
+9179 48902799
Email
inquiry@vrinsofts.com
Address
707, Elite Business Park, AUDI showroom lane- Shapath Hexa, S G Highway, Ahmedabad – 380060, Gujarat, India
Some from our Case Studies
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The Bitcoin Wallet is an app innovated for the most popular cryptocurrency in the world, an avant-garde novelty to bring about a revolutionary twist in dealing with regular Bitcoin exchanges for a crypto aficionado. Every Android user can now effortlessly manage Bitcoin transactions and deal in alt-coins with ease, a great way to ensure secure Bitcoin exchanges on the go.
View Case Study
FlexiPool
The Flexipool application allows the user to socialize during their rides. The application allows the user to create a carpool and get cheaper ride costs by sharing the ride. This application can also help reduce the traffic and makes the driver eligible for HOV lanes.
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