The online presence of things is increasing day by day, everything that we can imagine is done by the simple click of our fingers. Technology has made everything simpler and easier. From shopping to bookings to registrations, and now even simple payments, everything can be transacted online.
Money transactions have been made much secure and easy due to the presence of mobile wallet apps like Wink Pay. This Wink Pay Wallet App save details of your credit and debit card and bank accounts too, so one doesn’t have to carry the plastic money at all times. The simple mechanism of these applications is that, that they are directly linked to one’s bank account and deduct the money from there itself. One just has to add the details of the recipient and just like internet banking, the money gets transferred and here easily, as it is done in minutes on the screen of your mobile phone.
This is really interesting and trending, many people are moving towards this digital means.
DEVELOPMENT OF MOBILE WALLET APPLICATION – FEATURES REQUIRED
There are many e-wallet applications like PayTm, google pay, Samsung Pay, Paypal etc but this platform is slowly and steadily growing. To develop an e-wallet application, one must include necessary features for facilitating payments, management of user board, making the admin profile and some additional features that will help the application stand-out with the complete payment solution Wink Pay.
FEATURES OF Wink Pay USER PANEL
Any user interacts with the application from the user application, it should not only be interactive but attractive too. The Wink Pay User panel must have all the necessary options presented in a manner that makes the use of this application convenient to the user.
REGISTER THE USER: The registration process on the application must be simple yet authentic. A simple verification process like OTP or verify via Email can make it easier.
ADD BANK ACCOUNT: Users should be able to link their bank accounts with the application form which they want to pay and accept payments.
ADD BALANCE: A user can add any amount of balance to the wallet that suits their needs.
CHECK BALANCE STATUS: Once a transaction takes place users must be able to check the status of the balance.
CASH TRANSFERS: The application shall enable users to transfer money from one account to another by simply adding the other bank details.
BILL PAYMENTS: The user shall be able to make any kind of bill payments be it electricity or gas or a restaurant. Hence, allowing the payments to be effective and convenient.
ACCEPT PAYMENTS: Not only payments, but a user shall be able to accept payments from other customers, from anywhere in the world.
OFFER ZONE: A trending option of these applications is the offers these provides. Some e-Wallets provides cashback, coupon codes and seasonal discount etc. to increase the savings of the customer, which in turn ensures that their customers use a specific e-wallet.
TRANSACTION HISTORY: Transaction history must be made available, it enables the customers to manage and verify the existing balance.
REFER AND INVITE: The concept of referrals and earnings has been widespread, here a user refers the application to other users and when the latter uses the app, the old user enjoys a reward. This creates a win-win situation for both parties as one hand the user gets extra savings and on the other hand the app developers enjoy an increase in market share.
DIGITAL RECEIPT: Every transaction should be accompanied by a digital receipt, that could be shared and printed later to avoid any future hassle.
PUSH NOTIFICATIONS: Push notification is a system where a user gets notified about any on the application, be it payment to others, accepting payment or the transfers. Notifications help user to get a message alert of the happenings on the application.
TOKENIZATION: This feature is very useful as it increases the safety of the transaction. It generates a one time code and hides the saved information like bank details from the merchant.
FEATURES OF Wink Pay ADMIN PANEL
An admin panel is for the app developers or the admins of the application, to monitor their progress and likeability of users.
DASHBOARD: A dashboard is a simple tool that helps admin to keep track of users, profiles and other basic information.
NEW OFFERS: The admin manages all the offers. They also monitor offers related to referral, transactions and codes.
MANAGING USERS: All the customers of the application must be monitored and regulated by the admin block of the application.
ANALYSIS AND REPORTS: The application should have an analysis and a reporting system that enables the user to understand information like, number of transactions, trending offers, types of transaction and app usability etc.
ADD/BLOCK FEATURE: An admin must be able to block any user. A user is blocked when there are too many unauthorised payments or rejected payments. In the same way, the admin should be able to add new users depending upon the requests made.
SOLUTIONS TO PAYMENTS
An e-Wallet is a money exchanging hands procedure made simpler. The most important tool for any such application is to make the transaction process easier, this can be done through:
NEAR FIELD TECHNOLOGY (NFC): The NFC technology, makes sharing information and transferring funds really convenient. Most other applications use this technology to make the process hassle-free.
BLUETOOTH: Devices can be connected to Bluetooth and hence e-Wallets too. It makes payments secure and faster, also making it an offline safe mode of payment.
QR CODES: Scanning a QR Code is yet another method of hassle-free transactions. Users do not have to enter all details but just click a picture and scan it in the application.
BLOCKCHAIN APPLICATION: These wallets work on the blockchain system, which makes it immutable and tamper-proof.This technology has helped to transfer huge amounts via mobile apps.
ADDITIONAL FEATURES in Wink Pay
The Wink pay application has all of these features mentioned above. But to make your application stand out of the crowd, one must have other additional features so that it becomes different its also with Wink Pay. Some of these features can be:
GEO-LOCATION: This feature will enable the user to detect that which is the other user nearby. For example, a user is at a shopping complex and wishes to search for store who accepts payments through your wallet, so instead of asking the store to store, he/she can easily go to the app and locate the nearest store accepting the same mode.
DATA SYNCHRONISATION: The application can be linked with various other social media accounts to save customers from filling the long login process form.
BOOKING CALENDAR: The application can be synced with the calendar, where the application itself makes a bill payment on the due dates and notifies the customer through push notifications.
IN-APP CAMERA: An camera would help in scanning code directly from within the application.
CLOUD OPERATION: With the help if cloud operations, transactions can be done faster that are more safe and reliable.
WEARABLE INTEGRATION: Smartwatch is a new thing in the town. The Wink Pay application can have a feature of making it available on the watch and then the payment can be done on the ease of the user’s wrist, with the same security and reliability.
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