Below we discuss all the aspects of essential features that you must have in your ewallet custom mobile app development services. Take a look:

Security Features

Security is of utmost importance for any financial app handling users’ funds and sensitive data. An e-wallet blockchain app development company needs to integrate robust security measures across all aspects to gain users’ trust.

Two-factor Authentication

Two-factor authentication (2FA) adds an extra layer of security on top of standard username-password login for e-wallet apps. It requires users to confirm their identity using a second factor in addition to their login credentials. Common second factors include One-Time Passwords (OTPs) sent via SMS, authentication apps, or security keys/fobs. 2FA makes account access much safer even if passwords get compromised. All popular e-wallet apps like Paytm, Google Pay, etc. support 2FA for added protection of users’ funds.

Secure Transactions with Encryption

Encryption ensures complete safety and privacy of financial transactions performed on an e-wallet app. Sensitive data like account numbers, balances, transaction details, etc. must be encrypted using robust algorithms during transmission and storage. The app should also support end-to-end encryption for peer-to-peer money transfers between accounts. Leading blockchain development companies generally implement MITM (Man in the Middle) attack prevention, AES-256 encryption, and other robust mechanisms.

User Authentication and Authorization

Proper user authentication and authorization protocols are equally important for security. Only verified users must be allowed to log in and access key features. The e-wallet app development company needs to integrate biometrics, knowledge-based verification and IP blocking for sign up and login, along with role-based access control for user authorization. Profile and device management features also help securely handle SIM swaps and lost device scenarios.

User-friendly Interface

A seamless and intuitive user experience is critical for e-wallet app adoption and retention. The app interface should be easy and logical.

Simple and Intuitive Design

The interface of an e-wallet app must follow universally accepted design guidelines and patterns for financial services. It should be uncomplicated with an obvious call-to-action and navigation. Large fonts, plenty of white space, and minimal distracting elements make operations fluid on various devices. Customizable fonts and themes also appeal to different users. Experienced ewallet fintech app development companies A/B test designs rigorously.

Customizable User Settings

Allowing users control over the app experience boosts engagement. They must be able to modify settings related to notifications, security PINs, preferred debit/credit cards, currency formats, etc. Dark mode compatibility improves usability too. The settings screen is also ideal for support options and account details.

Easy Navigation

A flawless navigation structure is paramount for user retention. The dashboard, menu, sub-menus, and action pages should be logically organized for quick access. Features like searchability, collapsible menus, and home button make complex operations intuitive. Enhanced navigation speeds, and the user experience improves engagement.

Payment Options

Integrating multiple payment gateways and options significantly widens an e-wallet app’s appeal and use cases. It allows consumers to pay and get paid flexibly as per iOS app development companies.

Integration with Multiple Payment Gateways

Popular online and offline payment methods boost transactional volumes. Leading Ewallet App Development companies integrate top gateways like PayPal, Stripe, Razorpay, Instamojo, Paytm, UPI, and so on, covering majority population segments. Advanced APIs help add new providers seamlessly.

Support for Different Currencies

As cross-border payments grow, supporting international currencies bolsters global appeal. Apps integrate real-time currency conversion and notifications about exchange rates. Features like multi-currency wallets enable users to receive and send funds worldwide quickly and securely.

Option to Add Multiple Payment Methods

Allowing users to add debit/credit cards and net banking details gives them flexibility. Saving preferred payment options within profile expedites online/offline checkout from any merchant. Partnerships with banks facilitate linking accounts instantly as well. Users appreciate cashless deposits and withdrawals at ATMs/retailers too.

Loyalty and Rewards Program

Giving rewards and incentives in Fintech software ROI solutions, motivates users to stick with the app for longer and engage more actively. It also adds a fun element.

Incentives for Frequent Use

Earning loyalty points and cashbacks proportionate to transactions and spending frequency through the app sets healthy engagement benchmarks. Features like leaderboards for top users drive competition amongst customers in a fun way.

Points System for Purchases

Accumulating loyalty points on shopping at partner merchants fuels spend volumes. Users redeem the points for bill payments, money transfers, shopping discounts, gifts, and more to maximize their wallet’s utility.

Integration with Partner Brands and Businesses

Building a wide-reaching merchant ecosystem to facilitate rewards earning strengthens the value proposition. Advanced APIs enable seamless syncing of loyalty programs for customers’ convenience. Partner programs boost app growth via user referrals too according to Android app development companies.

Integration with Other Apps and Services

For one-stop financial needs, e-wallet apps must integrate popular third-party services. Pre-built connectors expedite such collaborations.

Integration with Banking Apps

Syncing bank accounts within the app profile streamlines funding and withdrawals. Users can instantly load e-wallets using net banking facilities and transfer balances between wallets-accounts. Banks leverage such partnerships to improve services digitally as well.

Integration with Social Media Platforms

Social payments via the app gain more acceptance and coverage. Users send/request money from contacts across major networks like Facebook, WhatsApp, Instagram, etc. It boosts peer-to-peer transactions amongst users in an enjoyable way.

Option to Pay Utility Bills through the eWallet App

Paying multiple household bills for electricity, gas, DTH, mobile, landline, etc. from within the app using a unified interface brings unparalleled convenience. Advanced APIs aid rapid integration of multiple billers and recurring payment automations.

Customer Support

Top-notch customer assistance is mandatory to overcome any technical issues or queries smoothly.

24/7 Support through Live Chat or Call

Multi-channel engagement and instant responses build trust and prevent unnecessary customer churn. Using AI and bots, advanced queries still land with an executive rapidly. Live tracking delivers transparency into resolution timelines.

Option to Raise and Track Support Tickets

Well-structured ticketing systems maintain issue logs transparently. Users appreciate order tracking, notification updates, and escalation management. Self-service features aid resolution in the background as well.

Knowledge Base and FAQs for Quick Resolution

A comprehensive help center should be accessible for common guidelines, answers, troubleshooting steps, and product/KYC documentation. Updating knowledge articles periodically avoids repetitive communications. Expert responses provide swift clarity through multiple mediums.

User-friendly Registration

Streamlined sign up processes encourage higher first-time adoption and retention rates according to cross platform app development services experts.

Seamless Integration

Pre-filled KYC forms leveraging linked profiles on social platforms/banks accelerate registration. Users appreciate personalized experiences despite the speed. Consents and document uploads become simple procedures.

Automated Verification

Documents undergo sophisticated verification via face recognition, e-signatures, OTP match, reference checks etc. Users feel validated instantly without tedious monitoring. Pre-signup mobile and email verifications imply a secure onboarding.

User-Friendly Design

Forms with minimal fields presented in a self-explanatory manner aid quick sign ups. Descriptive label tags, logical placeholders and tones of voice guide users aptly even without reading all text.

Analytical Dashboards

Real-time business and user insights enable fact-based optimizations.

Personalized Dashboards

Role-specific customized widgets, shortcuts and filters empower users per their objectives. Aggregated views simplify tracking key areas at a glance.

Real-Time Analytics

Powerful analytics engines inform hyper-specific performance levers. Filters isolate trends, drilling down to each customer cohort, location, device and more.

Customizable Reports

Tailoring reports as per changing needs improves decision making. Teams export customizable reports at ease in standard formats like Excel, CSV, PDF etc. Scheduling recurring snapshots aids ongoing evaluations too.

E-wallet app development companies must craft intuitive administration consoles focused on priority metrics. Notifications flag anomalies immediately.

Frictionless Self-Registration

One of the main advantages in an eWallet app is its self-registration feature. It should be easy, swift, quick, and easy to allow users to quickly and easily sign-up to the application. This is possible through the implementation of these sub-features.

Seamless Integration

The first step to creating an effortless self-registration procedure is to integrate the app into prominent social media platforms like Facebook, Google, and LinkedIn. It allows users to sign up to the app with their existing social media logins. This eases the process for users and accelerates the sign-up process.

Automated Verification

Another option to make self-registration easier within this process of developing the NFT Marketplace method is to establish an automatic verification procedure. Once a user is signed up, the application will instantly verify their data and verify their identity. This can reduce the amount of manual work needed and makes sure that signing up is simple and quick.

User-Friendly Design

The self-registration process must be developed with the user’s needs in mind. It should be simple to comprehend and navigate with clear directions and simple language. The process must also be optimized for mobile and desktop devices, so that users can sign up any time.

Analytical Dashboards

Another crucial aspect of an eWallet app is a collection of dashboards with analytic capabilities that provide users with a comprehensive view of how they spend their money as well as their financial situation. This is possible by implementing the sub-features listed below as specified by Outsource App Development experts.

Personalized Dashboards

The first step to create an efficient analytical dashboard to aid in the cryptocurrency wallet application development process is to personalize the dashboards for each user. The dashboards need to be tailored to the individual’s financial situation and spending habits as well as objectives. It allows users to view their financial data in a way that’s relevant and relevant for their needs.

Real-Time Analytics

To provide users with a complete and current overview of their financial position the dashboards should offer live analytics. The dashboards must be updated on a regular basis whenever users make purchases or alter their financial situation. This allows users to keep track of their financial situation and make educated choices.

Customizable Reports

The dashboards for analytical analysis can be customized and allow users to select what information to display and how it’s presented. This lets users focus on the most crucial information and makes the dashboards as useful and valuable as they can be.

This article was originally published at A3Logics

https://www.a3logics.com/blog/essential-features-for-your-e-wallet-app-to-be-popular/