Nowadays, easy payment means an E-Wallet App. Besides E-Wallet users can link their bank account for general and UPI transactions. The App Development Services are becoming advanced as per new user demands, likes, and dislikes. User demands keep changing over a period. Likewise, E-Wallet apps also undergo various updates and advancements. These updates also make E-Wallet apps more secure for online transactions.
Hackers can easily attack E-Wallet apps for earning a huge amount. Hence, E-Wallet apps are coming with advanced features nowadays. The cost of creating such advanced apps can be very high at times. Still, developers want to build such apps and collaborate with various sources of online payment. New clients and entrepreneurs are also curious about such app development services.
A great target audience is awaiting such an online payment facility and app companies know that. Through this post, we’ll highlight the top features of an E-Wallet app and its average development cost. Let’s get started!
Must-Have Features on an E-Wallet App
If you’re planning to create an E-Wallet app, you can establish a great business out of it. These apps are used everywhere and for regular payments. So, the demand is very high and user traffic keeps increasing after the app deployment over online stores. You must add the following features to raise user participation on your E-Wallet app:
1. Money Transfer
People keep transferring money to their friends and family frequently and occasionally. Earlier, it was very difficult for them to make a money transfer. E-Wallet apps have come as a solution for easy money transfer and this facility must be available on every online payment app out there. E-Wallet Mobile App Development has no meaning without this feature.
2. Bill Payments
This feature enables users to make easy payments for their goods and service purchase. They can either pay in instalments, in advance, or later using their mobile app. A bill can be related to electricity, water, a restaurant meal, and so on. The users are not supposed to visit their regional billing office for the payment. They can make it from their home.
3. Transactional History & Balance Check
Though such a facility is also available via SMS and phone call, mobile app development makes it easier. E-Wallet apps offer more details of the transaction history and people can use them in case of an emergency. Additionally, they can check their account balance quickly without putting a request through SMS or phone.
4. Notifications & Referrals
You also need to notify your app users regarding new offers and features. They like to explore such offers throughout a period. Moreover, they can enjoy referring the app to their friends in case you offer them price money for the same. Likewise, more people can recognize your mobile app faster on the app stores.
The cost of creating an E-Wallet app can go up to $50,000. In case you prefer to go for highly advanced features, the cost may rise up to $150K as well.
Wrapping Up
Many new entrepreneurs are adopting the idea of E-Wallet and online payment for setting up their business model. You can also approach great app development services for your E-Wallet project in your country or overseas. Such app businesses are setting up a new commercial industry. Now, that’s your turn to grab your chance!
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