Retail and Ecommerce Businesses
The retail and e-commerce business is particularly using the mobile wallet apps to the fullest. They allow to store information about bargains, make payments in the form of coupons, bonuses, loyalty cards and more. If you want to create an e-commerce or retail business app, you need to know the payment gateway integration trends and keep yourself updated.
BONUS READ: 5 Payment Industry Trends That Make Transactions More Secure
#2. Financial Organizations
You get access to various cards like credit or debit that provide customers with a number of services. To make things cardless, financial companies integrate mobile wallet apps, where the stored information of credit and debit cards give customers direct access to make transactions.
#3. Telecommunication Companies
The telecommunication companies are allowing the customers to use mobile wallet apps to do bill payments, recharge and even send money to other accounts.
#4. Transportation and Logistics Companies
You must have tried Ola and Uber and have seen how they allow you to pay through digital wallets. They have even built their own mobile payment apps like Ola Money or integrated Paytm (Indian mobile wallet app) in Uber.
#5. Food, Grocery, and Event-Based Businesses
From paying for movie tickets to your favorite theatre show. Even ordering a food when you do not find cash in your wallet or shopping in a supermarket. An NFC payment app has made a customer’s life become easy in this busy and hectic world.
If you have landed in this article, I may suppose that you are either looking for the right ways on “how to build a mobile wallet app?” However, prior to that, you need to determine the type of digital wallet you need, study the market, be smart when you target potential customers and fix the kind of user experience you want to deliver. After you confirm on all these aspects, fix the features that you prefer to integrate as the total number of features you add will reflect in the final cost of the app development.