Mobile Wallet App lets people have an easy way to make payment for their purchase. These kinds of the app turn mobile phones into e-wallet which work like cash for the person. Mobile Wallet App also includes loyalty cards, vouchers, coupons not just payments.
Mobile Wallet App becomes more attractive and usable when a customer is getting cashback and various other records. Nowadays the customer is getting more and more dependent on mobile phones.
Mobile Wallet App is a financial instrument that allows people and businesses to pay and receive money via these apps. Mobile Wallet App is also known as e-wallet, Money Transfer App, Mobile Money, etc. While making a Mobile Wallet App you should keep some key features in your mind that you would be giving to the customers.
Why Should You Develop One??
Easy and Quick Transfer of Money Mobile Wallet App allows you to transfer money or receive money easily and quickly to your family or friends at any time around the globe.
Promo Codes After the transaction, you receive a promo code which can be further used in the next transaction or you can share it with your friends or family.
Ensure Timely Payments You can select the option to be auto pay which will help you to automatically pay on time.
Easy Accessibility It is very easy to download the App, you can log in with Facebook, Gmail or simply can sign up.
Benefits of Mobile Wallet
Helps to Reduce Fraud:
The data we save in mobile wallet is encrypted, meaning that the actual account number is not used or visible at the time of payment. Mobile Wallet uses random codes which can’t be read by anyone and can’t be used again. Even your full account number is not shown anywhere in the mobile wallet so that nobody gets to know about any information about the account. All the transactions made through mobile wallet are protected and secure.
By using Mobile Wallet you can pay quickly, just by holding the phone in your hand. It helps us save time as there is no need to go to the bank to transfer money in someone’s account. Most of the transactions are just completed in seconds or hardly take a minute to complete.
It is more secure than the other wallet which we keep in our pockets as if that gets lost you need to inform everybody about and let the bank know about to cancel it. But in the mobile wallet, you don’t need to worry about as it is saved on your phone.
You need to Authorize every transaction:
Mobile Wallet exactly works like a debit card that every time you have to permit the transaction. For biometric-enabled devices, you just need to touch the fingerprint to authorize the payment. Biometric is a special layer for protection of payment.
Mobile Wallet App is nowadays just not a trend but has become the necessity of the hour. Get your customized Mobile Wallet App fully protected app for Android and iOS.