Nimle AppGenie

  In this era of technological advancement, the world is moving rapidly towards digitalization. But when you particularly talk about the banking and finance industry, Android E-wallet app development and E-wallet app for iphone is the hottest topic worldwide.  Based on a research by The Business Research Company , the digital payment market is predicted to grow from $5058.96 billion in 2020 to $5872.89 billion in 2021 with  an annual growth rate of 16.1%. Moreover in 2025, the market is expected to reach $9073.09 billion with a Compound Annual Growth Rate (CAGR) of 11%. Now, let’s move towards the modes of mobile payments, and their benefits for merchants and users.  Modes of Mobile Payments  1. Digital Wallets These wallets can be accessed through smartphones, computers, or tablets. Digital wallets users can store the information of their bank accounts and credit cards within the application. It also allows users to make payments directly from those cards and accounts.  2. Mobile Wal

Modern e-wallet apps are equipped with advanced technologies such as artificial intelligence, machine learning, natural language processing, and blockchain. Most of the advanced e-wallet app features are powered by these technologies. However, many ewallet app development companies will overwhelm you with unnecessary features. Hence, you should have a clear understanding of which features you need to incorporate into your e-wallet app. Mainly, there are three stages of an e-wallet lifecycle - MVP, Initial Launch, Services Expansion. At every stage, the e-wallet requires a specific set of features. For example, an e-wallet MVP won’t require advanced features, whereas at the expansion stage of the ewallet service, the e-wallet will have to incorporate the most advanced features to win over the competition. In this article, we’ll talk about the features that your e-wallet will require at every stage. But, first, I’ll give you an overview of the current e-wallet trends in 2021. You can s