Nimle AppGenie

The increasing use of E-wallets in the Southeast Asian region has put Malaysia in the limelight of the digital revolution. Consumers are moving from cash to contactless payments, as they find the modern convenience of managing their daily finances through their mobile phones more enjoyable. However, the E-wallet trend in Malaysia is moving at an even faster pace as the use of cash has decreased during the COVID pandemic. A study conducted by Mastercard in 2020 showed that Malaysia is a leader among its Southeast Asian (SEA) neighbors in terms of digital wallet usage. The study also found that E-wallet usage is 40 percent in Malaysia, 36 percent in the Philippines, 27% in Thailand and 26% in Singapore. Mastercard collected data from 10,000 consumers in the Asia Pacific region. Where customers use E-wallets? In SEA countries, E-wallet usage has increased by 8% since 2019. Among all payment methods, cash was still the most preferred payment method for the SEA population in 2020 followed b

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