Cost and Features to Develop an eWallet Mobile App

1. Cost And Features to Develop E-Wallet Mobile App

2. INTRODUCTION Technology is a constant evolution. After card payments, now it has presented e-wallet. E-wallet is the digital wallet to keep the money for purchasing goods and services. The quick and dependable network powers the offline and online payments. With the help of mobile app development digital wallet contains numerous digital currencies and generally used in online shopping where the payment can be done through a registered phone number or QR code. According to recent surveys, the e-wallet market is going to hike manifold and cross $2400 billion in few next years.

3. Undoubtedly, the e-wallet are most convenient way of making purchases. You won't have to carry the headache of keeping money in wallet. You can initiate the payment even if you have forgot your wallet at home. The e-wallet apps are going smarter with every passing day through the integration of futuristic technologies such as Blockchain, NFC (Near Field Communication), Bluetooth, Beacon and QR code scanning. NFC (Near Field Communication) is the futuristic technology which transfer money easily similar to exchanging an information. E wallet apps are making the best use of NFC to send money with no need of applying contacts.

4. QR codescanning is widely used along with many payment channels. It makes the payment too convenient. You just need to scan the QR code over the device of another person, who you want to send money. You can send money to you known or unknown, with the help of just QR codes. Bluetoothand Beacon technologies are used to send money within close proximities. This is considered the fast, secure and reliable method of transaction.

5. Crypto currency has also stepped in through E-wallet. Although many of the countries have not legalized the use of crypto currency, but still the e wallets are using this for transaction in region where it is legally allowed. Paytm has registered the inspirational success story with 300 million registered user as the latest statistics in July 2018. Additionally, there are custom apps available for the business purposes. This type of app allows to transfer the lump-sum amount without risk and third party involvement.

6. Key Features of an E Wallet: • E wallets are undoubtedly the most convenient way of making purchases. Here, are some of the key features that a typical e wallet consist of: • Able to store money in mobile wallets • Power to store the different debit and credit cards to the app • Must be able to transfer money from wallet to other accounts • Utility bill payment feature • Point of Service Integration • Tracking of everyday expenditure & Digital Receipt.

7. E wallet App Development Cost $24 to $70 per hour India India is the most affordable country for mobile wallet app development

8. E wallet App Development Cost $140 per hour USA You can find any mobile app development company in USA at little higher price for$140 per hour.

9. E wallet App Development Cost $180 per hour $120 per hour Europe Australia

10. Cost and Feature to Develop E Mobile Wallet App Today the businesses are widely using the e wallet mobile app and replacing the need of carrying the cash. If you own a retail business, It is advised to contact mobile app development company, but always keep the trio of effort, risk and cost at perfect balance.