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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

  With the increasing demand for online education triggered by Covid-19, edtech startups are coming up with innovative e-learning development methods, which are all set to revolutionize the education industry. The primary reason behind this is that many edtech startups are not developing edtech solutions that keep best development practices in mind. E-Learning Market Trend During the first thirty days of the COVID-19 outbreak, 10.3 million people enrolled for Coursera. This was an increase of 644% in new enrollments as compared to the same period in 2019. According to Globe News Wire, the global e-learning market is estimated to grow from USD 144 billion to USD 374.3 billion in 2019. A Crunchbase report found that investment in edtech grew by almost 58% in the first two quarters of 2020 to reach USD 4.1 billion. Although the number of investment deals decreased in 2020, the size of the deals increased. In 2018, 427 deals raised USD 4 billion, while in 2020, only 279 deals raised USD 4.

Now consumers can access banking services from anywhere by using mobile banking. In addition, businesses and business owners can now save time by using mobile applications to process their payments and even receive money from customers directly to their phone numbers. The pandemic has highlighted the need to meet the digital banking needs of the customer. Several studies have confirmed that the pandemic has had a dramatic impact on the digital banking infrastructure. For example, a survey by Entersekt and PYMNTS.com found that it has been a 200% jump in mobile banking usage since the start of the pandemic. Therefore, it becomes clear for banks to invest in the development of mobile banking apps. Cost to Develop a Mobile Banking Application Banking app development is dependent on several factors, including the technology used and the features implemented. Operating system, technology preference, and app features are also the direct factors influencing the cost of banking app development

  Every day, rapid advances in technology are increasing. Still, it entertains us well. If we talk about AR (Augmented Reality), we play games on mobile phones in the real world or AI chatbots talking to us and having real conversations. Due to the rapid development and advancement of technology, ML (Machine Learning) is no longer a strange thing to us. Machine learning app development is gaining popularity and momentum recently due to user needs and greater efficiency.  Now, before moving forward, first, let’s understand what machine learning is?  What is Machine Learning? Machine learning is a method of data analysis that automates analytical model building. Moreover, it is a branch of (AI) artificial intelligence based on the idea that systems can learn from data, make decisions with minimal human intervention, and identify patterns. Machine learning is a way of understanding data that makes up model building. Machine learning apps can be divided into three ways: Reinforcement Machi

Because of Covid-19, EdTech is not merely a choice anymore. Instead, it has become an essential expectation in the field of education. Here are a few rising emerging trends in education and technology within 2021 that you should keep an eye on. Ground-breaking technological innovations like LMS (learning management system), digital classes, and many more are becoming an essential part of our education system. Thus, previously what was considered as the future of education is now becoming the norm for everyone. Indeed, technology has influenced almost every industry like healthcare, recruitment, and many more, especially the education industry.  In this digital era, students want to boost and enhance their skills, knowledge via the modern method of staying connected to the internet at their location of choice, instead of using the traditional method of spending time in the classroom. This technological advancement can revolutionize the way of interaction among teachers, students,

  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