Mobile Wallets:
Mobile Wallets are a form of virtual money exchange wherein
you club all of your credit/debit cards onto a mobile application and proceed
transactions with it.
Virtual Money Exchange have been running through the market way too fast. The world is moving towards digitization and mobile
wallets could never be exempted. The government mobile wallets have become much
prevalent due to meagre service tax for transactions.
What does it take to
build a future-proof mobile wallet?
- Software
Development Kit (SDK) to develop a user-friendly mobile app.
- Supports
all major mobile OS platforms.
- Two-stage secure payment and a legal licence. Government demands it.
- Pre-tested
quality components to render it error free.
- Fully
integrated with security on the installed device.
- Built-in
accessibility to Gemalto's Trusted Service Hub and other wallet platforms.
- Integrates
with your loyalty and promotional platforms.
- Expert
delivery teams engaged with supporting development and rollout.
Market Condition of
Mobile Wallets:
The
mobile wallet market has 20 million active users and that is more
than the total number of credit cards in India. On a recent study by the
management consultant firm RNCOS, by 2019, the market value of mobile wallets
would be Rs.1210 crores. Such is the growth of mobile wallets in India. More
such players have their presence in the market with promotions popping out triggering the oline sales at a faster pace.
These wallets are now reaching out to all digital
transacting markets to lay their presence. These apps have recently introduced food
wallets for the employers to provide the compulsory food allowance of Rs.50/day
to their employees.
Offers and discounts play a major role in the switching risk
between the mobile wallets. Right from online shopping carts, mobile and dth
recharge, insurance payments to digital gold, the service expansion is drastic.
Presently there are only about 12 mobile wallet service
providers in India. Now is a good time to lay your roots deep and keep reaping
the benefits.
Enrol to the free webinar session on Mobile Wallets by
Skillwise Consulting.
Log on to www.skillwise.in
for more details or call us at 044 – 65657310.