In the 21st century, we saw an unsurpassed revolution in such financial services. Life. Everyone has long forgotten about the existing physical wallets, for the reason that smartphones do the same work, however, better. Make payments as simple as possible.
The report on the international level of mobile payments certifies that the market is expected to increase in an annual rate of 33% from 2019 to 2026, reaching 457.4 billion usd in 2026. />
Banks, financial companies, telecommunication corporations and virtual trade business are no longer able to boldly ignore the revolution of mobile banking services, especially the possibility of a mobile wallet.
we will say more, they should be loaded more innovative than in the past, in order to provide outstanding functions of mobile wallets that give more than one high safety, as well as excellent vacancies with customers.
So, what are the best functions an addition for a mobile wallet that will make your visitors satisfied, loyal and help the company to stand out?
1. Instant payments between wallets
Instant payment means a cash transfer between the payer’s wallet and the recipient’s wallet occurs for a couple of seconds, but not for a couple of time, but not for a couple of time or working days.
This function gives significant bonuses, such as the permission of payments at any time and for any place, the provision of funds with real and increasing control of family and business means. Good feature. They will be inevitable.
2. Payments for cumulative accounts and connecting from this.
Mobile wallet owners can have a lot of methods of departure and delivery of personal money or business money for all in a matter of pressing, in what place they were, but if necessary.
3. Payments of accounts
She is the first of the most important functions of a mobile wallet, because people currently choose to pay each account through a worldwide web - utilities, mortgages, mortgages, loans, rent, training to voice several.
Since there is digital money, mobile wallets become a significant detail of everyday existence that they must get a chance to provide an easily payment idea for accounts - during a prepaid or post -cost payment service.
4. The management of physical and virtual operations of cards
Digital wallets are able to maintain customer information on credit/debit cards, which can be used to achieve financial transactions at any time . So, the electronic shaft simplifies the user financing conveniently aggregate all probable pictures in the only central space.
Except for the number of the store cards. Instead, these cards are encrypted with increased safety. That's why your application for a mobile wallet can be found ready to manage several cards, such as blocking/opening your cards, changing the pin, changing the limits of your registration, providing a request for advanced bank cards, etc. D.
5th field increased payments through contactless technologies (nfc or qr -code scanning)
To remember that using the services of the human current world even more, and the larger merchants began to realize the need to deploy various Web-based crypto wallet technologies taking digital wallets.
Site retail visitors can make regular payments in stationary stores using mobile wallets using contactless methods, including entering the near field (nfc) and qr code.
nfc is a contactless remote technology that works at a close range of up to ten percent percent, and supplies people safely paying between pos devices and smartphones. Barcode. The visitor will be able to gently scan a qr code through vidomer on the phone. The smartphone interprets the barcode, and the associated support or web site will open. The function of the wallet.
6. Safety
After the customer provides mobile banking services, safety in the first place. Cash transactions should be stored normal and safe from the end completely.
Mobile wallets are sewn up with two dozens of reliable technologies, like tokenization, passwords, biometrics, security conditions, a point of encryption, extra-sex authentication and a one-time password (otp) by means of sms.
Despite the fact that digital wallets are safer than plastic cards, disorder with the equipment remain the main obstacle to the adoption of the wallet by consumers.
That's why you should present the m-wallet application to your customers, which is filled with powerful security capabilities.
7. Small and self-registration
Since mobile wallets are saving the time, effort and efforts of people, self-regulation is obliged to be absolutely simple and convenient for this .
Usually, self-registration has these actions:
- Download the application and run it - register, providing the relevant information (name, email, phone card identifier, pictures, etc.) />
Although the registration flow is a one -time procedure, it produces the decisive one will evaluate the totality of all factors. Accordingly, it is unreasonable to underestimate the value of a seamless user skill for this self -registration.
8. Awards, coupons, discounts
The power of coupons and rewards is widely known among marketers and sales teams. Mobile wallets are an ideal environment for guaranteeing consumers involved in the search for transactions in the right context. Etc. Are key to solving a digital wallet and will help your mobile application stand out for yourself in the field of trade.
9. Split bill
When the conversation is about new functions that simplify the uniform questions of people, the separation of the account-tacu step is not so difficult. And the simple competitive plus for the application for a mobile wallet. This can be in the only and its application, and of course easy, as a variety of telephone numbers of friends involved.
10. Money in/out in the banking department or an atm
Mobile wallet owners can really remove cash atms without the use of a physical lending card. They are still able to choose to withdraw cash from an agent/branch. Terminal.
, Despite the fact that the male world is made the most digital, money is still important in some places.
Suppose if you are thinking of purchasing fresh vegetables from a flying pop -up market at the same time your application for a mobile wallet may exist this comfort.
11. The original loan
The initial credit is promising from the functions of a mobile wallet corresponding to the growing demand for a convenient banking problem during the present. The smartphone should become comfortable for cellular devices, an operational plus of the most automated.
12. The analytical panels of tracking and diagrams
Tracking personal financial health in the future is convenient for any visitor. Our employees are all required to be at the peak of our money.
The analytical panel allows the holders of digital wallets to watch and think own personal cash conversions through reports, numbers and graphs.
Personal finances offers customers all the data necessary for making reasonable financial decisions with an unprecedented representation of how long, how and how they spend and gain their budget - on any account account, expenses, bank cards and earnings.
13. Budgeting and designing
Gives customers a chance to plan their own funds smarter, even when on the way. Wise expenses. From now on, you get the opportunity to set a chance to your consumers to find expenses, control costs and not lose anymore.
- Installation of a budget for a separate category of expenses - the creation of classes for accounts, and salaries - sending reminders when users were almost equal to their own wallet - sending reminders when the accounts should - installing savings targets
14. Faculty of backup
A reserve factory is a vital function of a mobile wallet, which gives users a chance to restore data from a wallet. Reserve copying is often automatically built into the wallet applications for the confidentiality of user data. Icloud, built -in backup function of the wallet by email, synchronize data through the local connection of wifi, etc. This is a program that interacts with us on the internet. Services of artificial logic and neuro-linguistic programming (nlp), chatbots come to the aid of users, at what point humanity is not available.
This is an innovative powerful choice for their enterprise to communicate with their own audience, to attract their own gemblers and improve customer service. The digital wallet app, crypto wallet software your services become possible around the clock at a shorter service price.
Today, consumers expect an instant response on any digital channel.Therefore, the chat bots can be an excellent addition that increases the pleasure of visitors.