Earning revenue via mobile is starting to become a focal point in many businesses’ monetization strategy. So much so that it is also a top feature when pitching app functionality in an app business plan to prospective investors. We are slowly coming to a point where you definitely need mobile commerce in order to stay competitive in any industry. To put it into perspective, right now every new business that pops up, or a small business that exists is in direct competition with juggernauts like Amazon.
Mobile penetration is so deeply ingrained into today’s technologically adept society that it makes us wonder whether desktops have been rendered obsolete- except for work-related duties.
According to a global digital report from the number of smartphone users worldwide, crossed 5.135 billion.Mobile apps are still are in the range amongst today’s masses, especially since their dynamic nature paves way for limitless innovation and possibilities.Mobile App Trends Are Bound To Dominate in 2019:The forthcoming year is likely to bring about an even brighter future for mobile app development.
We will either be seeing brand new trends or a huge upgrade from what people are already using.Accelerated Mobile Pages through AMP and EMMApplication Performance Management listings were integrated in 2016, and since then developers have not looked back.
From these monitoring tools and metrics that help resolve bottlenecks as well as enhance overall performance in 2019.Machine Learning and Artificial IntelligenceAI and machine learning have dug their heels deeper into mobile apps before we realized.
Today there is a huge demand for machine learning and AI in the form of virtual assistants and chatbots and that is what 2019 will bring for us.The rise in the Demand for Wearable Devices and IoTMobile app developers are looking to develop apps for wearable devices, mostly smartwatches.
Although, mostly they only have scratched the mere surface.2019 promises to bring more wearables – watches, fitness bands, movement trackers, and many.Chatbots will be IntegralChatbots are acting as virtual assistants within mobile applications.
Today, even an entrepreneur or business person in a distant corner of India can become showbiz royalty and win customers from the nation over and even abroad, because of e-commerce selling.Yet, before you transform your e-commerce dreams into the truth, there's a significant obstacle to cross.
A few years back, setting up a PG in India was a troublesome task.
It included broad documentation, long confirmation, steep arrangement charges, specialized expertise, and the sky is the limit from there.Quick forward to now – liberating up a PG is a bother and dealers have in excess of twelve decisions to browse.
This brings up another issue - how would you locate the best PG among the alternatives accessible?Interesting points prior to setting up a payment gatewayPayment gateway cost (Setup fee, TDR, Annual free, transaction fee and many more)Mobile application compatibilityTime to setup everythingMultiple Payment options (Credit card, Debit Card, Net banking, Mobile Wallets, UPI)User Interface of the gatewayCustomer care supportTypes of Payment GatewayThere are basically four types of payment gateways available in India which is as follows:Hosted payment gatewaySelf-hosted payment gatewayAPI hosted payment gatewayLocal bank integration payment gatewayPayG - One Platform Unlimited SolutionsPayG is one of the best payment gateways that you can integrate with your business website or mobile application for seamless and secure transactions.It used to incorporate a lot of documentation, check, colossal arrangement feeds and particular aptitude to make it work.
Regardless, as of now, it has gotten easy to set up a PG for selling your things in India.PayG can be a decent decision for your online/offline business and is planned in that manner so that both (merchant & customer) effectively sees how to make payment and how to do online transaction.Salient Features of PayG:Zero setup costHassle-free on boardingInvoice generationEasy to configureLow transaction feeRecurring billing facilityPayment Link facilityWebsite integrationAuto collection of paymentInstant refundFraud checkingHigh securityThe most effective method to choose the Best Payment Gateway in India:Integration Process:As an entrepreneur, your emphasis ought to be on business; not on integration process.
In the event that a specific payment gateway sets aside a lot of effort for joining, you ought to stay away from and pick the one which sets aside less effort for integration.Bank Settlement Time:At whatever point you look for payment gateway, ensure you check the settlement time.
Mobile wallet is the electronic wallet that provides reliability to the consumers to purchase electronically and to make payments online.
According to the study by Hexa Research, Mobile Wallet Market is estimated to reach over USD 2,950 billion by 2020.
The global mobile wallet was estimated to comprise over 200 million users in 2013, expected to reach over 1,420 million users by 2020, with growing CAGR of 30.0 % from 2014 to 2020.Retail being the largest application area in 2013, contributed for over 39% of global market.This can primarily be attributed to initiatives to equip retail stores with easy mobile device payment options along with integration of POS terminals and several loyalty schemes that results in better customer engagement.
North America dominated the Mobile wallet industry globally, contributing in largest market share in terms of revenue.
The early adaption of advanced internet services like 3G and 4G are the major factors promoting the mobile wallet industry in this region.
Asia Pacific is likely to witness lucrative growth over next five years due to rapid increase in awareness about online payment and mobile wallet services.
When it comes to crypto currency, a wallet that helps to load and use such currency is also required.
This is a software application that helps to store private as well as public keys and can interact with different Blockchain technologies which enable users to send or receive different kinds of digital currency as well as be able to monitor the balance they have.
For those who use Bitcoin or other forms of crypto-currency will need a digital wallet alongside as well.How crypto currency wallets work?Though crypto currency wallets are varied and many people use them, many are unsure of how these wallets work.
In such wallets currency is not stored or to be found to lie around.
A person can send another Bitcoins or other forms of digital currency and that is akin to signing of ownership of part of the coins from one’s wallet which is akin to an address.
The coins that are sent across or the funds that are unlocked can be spent only when the private key in one’s wallet matches the public address of the currency that has been transferred.The transactions that happen are merely records of transactions that are maintained on the Blockchains and reflect on the balance of one’s wallet for crypto currency.Different kinds of crypto currency walletsThere are different kinds of crypto currency wallets out there that have the following features:OnlineThis category of wallet usually runs on cloud and can be accessed by any computing device.
