Choose the Type of Digital Wallet
The first step is fully dependent on the type of brand you are building with your Mobile App Development Agency or what's your idea. There are types of wallets, the most common types are:
- Crypto Wallet: A new and strong player in the fintech industry that has also launched into the mobile phone industry. These types of digital wallets let the users hold, buy, purchase, and share the cryptocurrency.
- Banking Wallet: Mobile developers and mobile development agencies are developing these types of custom wallets, especially for the customers of banks. The activities like transactions and balance checking are limited to the bank's customers.
- Open and Closed Looped Digital Wallets: The open-looped wallets can be used anywhere and on the other hand the closed-loop wallets stick to only certain types of transactions.
Decide the Features
You can choose the best features to add to your digital wallets during mobile app development which will be responsible for giving an amazing customer experience and will play a major role in getting more audiences and retaining them.