Mobile payment and P2P payments rapid adoption are fueling the growth of mWallet payment services globally.
Mobile Wallet apps like PayTm, PayPal, PayU Money, PhonePe, Google Pay, and others are also in the league of mobile wallet apps.
In the era of “Go-Cashless,” mWallet app development is the magnetic way to boost the business like PayTm and Google Pay is booting their own.
mWallet Specification & its Uses:
Monetary transactions in which customers make online and in-store purchases, pay bills and send or receive money with the use of a mobile device.
Instead of paying with cash or credit cards, payments can be performed through a barcode, a downloaded app, a web browser, or a text message.
You need an app concept, but let’s assume you have it already.
Mobile commerce will total $142 billion in revenues by the end of 2016 according to Forrester forecasts.
The average order value for tablet purchases is $98.07 and $81.27 for mobile purchases.
Set up card distinguishing by the first four numbers.
Others feel reluctant, especially after the recent series of major data breaches.
However, as long as you are selling physical products or subscription plans for your software, then you can choose any payment gateway integration that suits your business needs most (and avoid the 30% payment cut Apple and Google takes from every app purchase made).
