Every industry needs a digital presence and just like that wallets are also going digital. No need to carry it physically, every payment can be made digitally with eWallet app development. This sector is gaining high popularity, is used, and is also loved by users worldwide. If you want to be a part of this lucrative industry and create such an app, make sure to research before turning to development.
Are you looking to develop an eWallet mobile application? Are you not aware of the trending features and functionalities to add to the app, read below and know all about them.
Features of eWallet Mobile Application Development
- User Registration
Users have to register with the app by entering their basic details like name, email address, and phone number. The verification will be done by receiving and entering an OTP. Once these simple steps are followed, user registration is completed. There are several eWallet apps that also use KYC for secure fund transfers.
- Link Your Bank Account
The second step is to link your bank account with the mobile application. Add your bank account details like bank name, account number, and branch. You can also add your card by adding your card number, expiry date, and CVV number.
- Add Funds
You can add funds to your eWallet application from the bank account attached to the wallet. Once the user adds funds, it will be reflected in the eWallet and available for use.
- Send or Receive Money
Your eWallet application will allow sending or receiving money from the account. You can send it to your friends or relatives or make daily payments from the app as well. Transfer can be made by adding the contact number or contact name or by scanning the QR code. NFC or beacon technology can also be used for making the transfer of funds.
- Passbook
Having an eWallet passbook is an extremely essential feature for any eWallet app development. Any user using such an application can track and know what expenses they have made, where, and how much. Also, add a filter in the passbook so that user can monitor their spending and earning to and from their desired date.
- Recharge or Pay Bills
eWallet mobile app also allows making payment of routine bills like electricity, water tax, and phone bills. These apps also allow making recharge your mobile phones and internet services.
- Pay Your Insurance
The eWallet app also provides the facility of paying your insurance premium from time to time. This way you won’t miss out on any of the premium. Several apps also allow paying sales and income tax from the app itself.
- Travel Booking
There are several eWallet apps that provide the feature of booking flights, trains, or buses. You can add the to and from location, choose the date, mode of transport, and preferred travel time, and make bookings from the app.
- Multilingual Support
There are plenty of mobile apps in the current time that allows choosing the language they understand well. Mobile apps provide support for multiple languages and users have the option to pick the one they know well.
- Rewards
This is one of the features that promote the app itself and keeps the user loyal to the app. The app offers some money if the user shares the Wallet mobile application with others and they also install the app. Also, it offers rewards in various ways like cashback or discount coupons to make the user happy and engaged with the app.
- Games
eWallet apps also keep games and set targets to make a specific number of payments and achieve the goals to get rewards. This way, the number of users using the app will increase and there will also be a fun element to keep the existing users engaged.
Final Words
With a massive shift in digital payment, cash payments are becoming nearly obsolete, Don’t waste any more time and consult an eWallet app development company at the earliest. There are already multiple competitors in the market, so make sure to include everything they have to offer and also have a USP feature that none of your competitors are yet offering which will be a secret ingredient for the success of your app.
