9 tips of E-wallet app development to win the trust

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With the growth of technology and coming of smart phone e wallet app developmentare becoming smarter and more popular options for shoppers all over the world.

And because of its improved security features it is widely used accepted. They include, for example, Close Field Correspondence, Bluetooth, Beacon, QR code filtering, and so on.

Indian economy which has been traditionally dominated by cash has switched from cash-based economy to cashless economy in the phase of demonetisation as citizens found them paralyzed with no cash in ATMs and hands. An online counterpart of physical wallet referred as E-wallet has fuelled in the mobile economy with the augmented smartphone penetration coupled with rising internet adoption. Furthermore, E-commerce and M-commerce transactions have emerged as the most significant contributor has triggered the higher usage of e-wallet mobile app.

The dynamic nature of emerging market not only opens up opportunities for innovation and growth of the E-wallet market; but challenges also in terms of security. Many consumers are still afraid of using the E-wallet technology due to the fear of someone steal their payment information or other important data. To earn their trust by eliminating the prospects of data theft and make them feel secure; here we have prepared the checklist of how to win the battle of E-wallet mobile app.

Benefit of E-wallet Services

Here are some important features to consider when developing an e-wallet app:

Link a bank account- Users can easily link their bank accounts by entering the information into the digital wallet app. They can even set up an account with one or more banks to make future payments.

Accept payments- Users can also make payments to other users. Users can accept payment by sharing their corresponding wallet details via QR code or mobile number.

Add money – Users can add money from their bank accounts to the e-wallet app as needed. The add money feature can also be automated, removing the need to manually enter money.

Transferring Funds – Users can transfer a specific amount of money by entering the receiver’s account information or mobile phone number.

Book Tickets – This feature enables users to easily reserve and pay for train, bus, flight, movie, hotel, etc. tickets using an e-wallet app. Users can have a pleasant experience and avoid long wait times.

Check Transaction Record – The app remembers all of the user’s previous transactions. Users can use an advanced filter to search for a specific transaction.

Payment of bills – Users can use this app to pay any bill, such as electronic bills, water bills, internet bills, and so on.

Tips of Secured E-Wallet App Development

1. Nothing Can Be As Important As Transparency

Customers will be attracted if the wallet is transparent. It means that it is simple to see what is going on and that customers are kept informed. After all, everyone is wary of their money, and if they entrust it to you, you should be wary of it as well. The need for e wallet app development company in business is undeniably great. Customers must be able to easily understand and adapt to the process.

For example, if they are in the middle of a transaction, will they be able to cancel it, and how will the refund process work? It is critical to be detailed while maintaining a business’s transparency.

2. The Privacy Policy Should Be Crystal Clear In Digital Wallet Apps

Customers are always concerned about sharing their personal information, which is why they avoid online transactions. They frequently feel uneasy about disclosing private information such as their location, personal identity, contact information, and credit card number, among other things. This is why a wallet app must be designed with as much security as possible in mind.

Customers should have confidence that their personal information is secure. This is an important consideration to make when developing an E-wallet app. Customers would be able to migrate to online shopping if there was a clear privacy policy in place.

3. Brand Names Do Matter a Lot

It is critical to provide a face to the website. It would be beneficial to the company if there were images of the company, its engineers, and its founders available on the internet. People want to know who is working to keep their day running smoothly. The ‘About Us’ section is the ideal place to connect with people and convey the message you want to convey to your customers.

You should explain to your customers why you want to serve them and why the services you offer should be the ones they rely on. You could benefit from a team photo and some current contact information. It would be a step toward expanding your customer base and making your mobile wallet app available to the public.

4. Speed is Everything When it Comes to Technology

There is no denying that today’s Internet access is extremely fast. People dislike having to wait any longer than necessary. Even a few split seconds of delay could stymie your profits. Customers can easily download another app if they discover that your app is slow to respond. This means that one of the most important aspects to consider when developing an app is how quickly it loads.

Because the e wallet app development will be dealing with transactions, it is critical that these transactions will go through even if the Internet connection is slow. This is due to the fact that your customers’ money would be at stake.

5. SSL Certificates Encryption is Important

There is no denying that today’s Internet access is extremely fast. People dislike having to wait any longer than necessary. Even a few split seconds of delay could stymie your profits. Customers can easily download another app if they discover that your app is slow to respond. This means that one of the most important aspects to consider when developing an app is how quickly it loads.

Because the e-wallet app will be dealing with transactions, it is critical that these transactions will go through even if the Internet connection is slow. This is due to the fact that your customers’ money would be at stake.

6. The Website Should Look Professional

When you design the website, you should demonstrate that you are serious about doing business. Buyers’ trust can be gained by remembering one important factor. You should be able to navigate and look professional, and you should be able to rely on the buyers. The text on the website cloud is legible, and the design is simple. One of the most important factors that causes visitors to dislike a website is clumsiness. This would undoubtedly increase the conversion rate. If you are developing mobile e-wallet apps, make sure your website is up to the task.

7. Do Not Go Back On Your Words

You can never go back on your words, especially when it comes to delivery. Online buyers or customers rely on the wallet app you created, and they expect to see the product updated and ready at all times. It is critical to have the product ready as soon as possible and to deliver the services on time. The customer would perceive the transactions as valuable, resulting in an excellent online market. Establishing a consistent online market would obviously mean more opportunities and better chances of growth for you.

8. Testimonials and Customer Reviews

When things are bought online, customers do not really get a chance to check out the product. They have to base their judgment solely on the reviews that are available online. This is why it would be a good idea to have a nice place to let customers put their thoughts and reviews. This would not only help you to grow your customer base but even help you to understand where you should put more stress. Bad reviews would not keep you at a loss. This would mean that the customers are truthful. Moreover, criticism is the way to make things better and sharpen them over time.

9. Social Media Engagement

Nowadays, digital marketing solutions have advanced to an entirely new level. Businesses not only place advertisements on clothing and everyday items, but you can also find ads for mobile apps. You could use social media to broaden your reach and make your wallet app available to everyone. Customers will be more open to the brand if useful information about it is posted.

Originated in 2010, Coreway Solution offered feature-rich and fully-protected e-wallet mobile app development solution by which user can store and transfer their money, transfer wallet balance, pay bills and many more. With the aim to deliver the secure solution, our expert team conduct entire vulnerability check-up test to identify and eliminate any chance of vulnerability. To protect your app against the threats, we conduct a penetration test. Contact us if you want to develop a fully protected e wallet app development for all platforms that enhance the digital customer experience.