According to Statista, the use of online and mobile banking is estimated to increase steadily between 2020 and 2024, with the Asian market being the largest. As of 2020, more than 1.9 billion individuals globally actively used online banking services, with that the number estimate to reach 2.5 billion by 2024.

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With the emergence of various online selling and purchasing platform, there has been a rise of different unique online payment modules like PayPal or Stripe. We can see a number of businesses and organizations are deploying these online payment modules, and one of the prestigious clients asked ValueCoders to develop a world-class online payment banking app. The motive of this app is to build an online payment module that can allow users to do the transaction from anywhere to everywhere. 

Let’s discuss further how ValueCoders developed a world-class online payment banking app:

As the top banking software development company, our main priority was to give the desired app to the client and include as many customizations as the client need in order to build a financial wealth app. 

Nowadays, many banking software companies have started making applications that can help you with an easy transaction, we @ValueCoders provide the same benefit with more secure options, and users can buy the SENs (Complementary currency), and they will be able to use them for day to day transactions within their cities.

Technologies we used while developing an App:

• Node.JS
• React Native

Node.JS: Node.JS is a well-known open-source, cross-platform, backend JavaScript runtime environment that runs on the V8 engine.  

Node.JS can be used for building Banking Software Application that requires real-time data calculations and stats. 

So it was our primary choice for this Banking software application because if more than 1 million people are using the app simultaneously, Node. JS can easily handle that, as it is a good choice for large-scale apps relying on real-time data.

React Native:  React Native is also an open-source mobile application framework created by Facebook, Inc. Many big industries use this tool for building applications, and because it is very efficient and perfect for mobile apps, We use it for giving a better experience to the users. 

Challenges Faced While Creating Online Payment Banking App

The client wanted to make an app with solid malware, as it is a matter of transaction of money; it has to be taken care of. And the online banking apps consisted of many variables. There was some functionality of currency changes within the master admin panel, where the admin could change the currency value per SEN.  

All this led to the change in calculations within the application after getting it done. And the analysis was very complex, and our project management team understood the queries/calculations and tackled them by closely coordinating the results with the client. 

The application involves currency and payment transactions, so it was necessary to keep it as fully secure as possible. We used AWS EC2 Server with SSL Layer and Amazon S3 Server for Images to meet security demand. 

It has always been quite fun to deal with such kinds of situations. We are a group of talented professionals and developers who know how to tackle different aspects and problems while developing an app. 

To overcome some challenges, The team of ValueCoders used some Banking Software Solutions and focused on developing the application with all the latest updates. 

SOLUTION IMPLEMENTED BY US

Requirement Analysis

In this particular segment, we try to gather every possible information from stakeholders and document the same. It helps us remember all the key factors and helps develop the app with all functionalities. 

We follow the “SMART” rule for creating the documentation, which stands for Specific, Measurable, Attainable, Relevant, and Time-bound steps. 

And after finalizing the document, the wireframes are created, which acts as a blueprint defining the feel of the platform with respect to all functionalities. Having proper documentation of what you need and achieving the target is always necessary for better results. We always have documentation to present directly to the client to understand the project better. 

Designing Phase

Developing an app is like climbing a stair; you will face another challenge with one step up until you reach your destination. Similarly, after creating a wireframe, we move to the designing phase, in which our UX/UI developers design every single module and theme color. Every module is interlinked with functionality having some dummy data in use.

Execution Phase

With the designing part, our Backend developers develop all the initials API, and frontend developers integrate all available APIs with best practices making dynamic to all the screens. 

Client Request Based Project Delivery

Giving the best product to our client is our main motive, and just because of that, we constantly get in touch with the client after passing even a single module so that the client can check that and suggest anything more required. In this case also, while developing a banking software application, we connected with the client after passing every phase.  

Developers are connected in conversations with clients daily and follow their ideas or suggestions. In case of any feasibility challenge, developers give the alternative solution and try clients to be on the same phase. 

Clients also mention the Jira and assign the task to developers as per their priority. This process helps us meet the client’s expectations in the best possible manner and ensure the timely delivery of the tasks.

Deployment Phase

After all of that, in the deployment phase, we do the testing and see if the App is ready to use or not, and doing proper unit testing on a local machine merge with develop branch and deploying to the dev server helps us to know more about App. 

If any issues are found, the developer’s team tries to find them out and resolve them before delivering the app. 

Then we send PR (pull request) for the main branch that will be deployed on the live server after review. We are using AWS servers for all kinds of deployment.

Have a look at the video below :

RESULT

The client received the final delivery of the app on time and launched it with great enthusiasm. ValueCoders delivered all deliverables within a predefined schedule. There are around 1000 registered users on the platform, and the client is able to share its vision of autonomy, liberty, and responsibility.  

The final application for the client is full of excellent features like: 

• Accept Payments Online
• Barcode Scanning
• Bill Me Later
• Credit Card Reader
• Express Checkout
• Inventory Tracking
• Mobile Card Reader
• Online Invoicing
• PCI Compliance
• Shopping Cart
• Virtual Terminal

These are some main features of the app which was appreciated by the client after getting feedback from the users. 

After using it, users also admired the banking software application and gave some valuable feedback, which made us and the client very excited. Creating these types of cutting-edge solutions requires deep research on the market demand and the user’s mind of what they are searching for? 

If you are looking to build such applications that can increase the credibility of your business by giving modern-day solutions, you can connect with us. 

We help startups, small and medium-sized businesses adopt modern technologies and target tech-savvy contemporary audiences innovative. For more business ideas and recent tech trends, stay tuned with us.

The post How ValueCoders developed a world-class Online payment banking app? appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

Now mobile applications have become a major point of communication between businesses and consumers. Presently, 67% of eCommerce sales are directed via mobile. Here are some statistics that show the significance of mobile phones today.

Before diving into the list, let’s have a look at “What number are saying”?

• Google Play Store has more than 2.9 million apps presently, 
• Every month, nearly 100,000 new Android apps get released in Google Play Store. 
• 79% of consumers are inclined to use apps for e-commerce shopping instead of using a website. 
• Consumers view 286% more products and add items to care while browsing through apps. It is an 85% higher rate than on a mobile browser.

So, these statistics are significant to show how mobile app usage has grown and how consumers around the world are affected by this new trend. Needless to say that developing a mobile app has become a critical need of contemporary businesses if they want to keep on earning huge revenues and thrive.

Actually, this is a stage of transformation for both Startups, SMEs, and enterprises, as they have to adapt to technology and changing consumer interest. Surely, you would be wondering why I should create a mobile app. Let’s find out the answer.

Why Invest In Mobile Apps In 2021?

There are a number of reasons that indicate the need for a mobile app for businesses; let’s take a quick glance at some most prominent. 

• Consumers prefer mobile applications to buy, interact, and complain about services/products. 
• Mobile apps have a higher conversion rate than websites and other channels.
• When you invest in mobile apps, you acquire a tool that helps you achieve improved marketing communication. 
• The open rate for emails is 20%, while the push notification open rate on the mobile app is 60%.
• Mobile apps allow you to create a personalized consumer experience to boost revenue and lead generation. 
• It offers you the opportunity to access the global market and create a blazing brand presence. 
• A mobile app is the best tool for your consumers to access information about your products, brand, services, and more at ease. 
• It also helps you improve customer interaction and care by enabling the use of chatbots.

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So, aren’t these reasons enough to secure a mobile app in 2021?

Surely, you would have understood how rich mobile apps are when it comes to catering communication platforms between businesses and modern consumers. However, there are many questions related to mobile app development that always intrigue business owners, such as what are app ideas for my industry? Why can this type of app help my business grow? Etc. 

Altogether, startups are always confused while picking app ideas for business growth. Are you pondering which app ideas are good to win the game and thrive as a great brand? Let’s take a glance at some evergreen and most fruitful app ideas in 2021 that can help you reap success. 

Top App Ideas To Invest In For Reaping Success In Upcoming Years 

#1. Travel/Booking App

Img src:sitata

The hospitality industry is on the verge of collapse due to coronavirus, but people are still willing to travel across the world. You can use the opportunity to provide users with virtual experiences of different cities and locations with the help of an AR/VR travel application. 

Besides, you can integrate the app with advanced booking options for hotel reservations and airline ticket booking.

Also Read: A JOYRIDE With Top 10 Taxi App Development Companies

Benefit Of Investing: Access to consumers looking for travel services across the world will result in more sales.

#2. Food Delivery App 

Img Src: NYX Ditech

Food delivery solutions are in vogue due to the increased demand for food delivery at work and home. Food delivery management systems and ordering applications are helping restaurants to acquire more sales and process everything at ease. 

Moreover, food delivery apps are also attracting consumers by enabling access to exciting menus from restaurants.

Benefit Of Investing: Opportunity to thrive as a popular food delivery chain with incredible delicacies. 

#3. Taxi Booking App 

Since people are striving to travel safely from one destination to another during covid, you can cater ease of transportation to people using a taxi booking app. A taxi booking system allows taxi services to acquire leads, and people can easily find rides. 

It allows people to transport at the lowest price and avert the hassle of finding transportation. 

Benefit Of Investing: Opportunity to earn more revenue by enabling local/ inter-state transportation services. 

#4. Fintech Apps 

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Nowadays, Fintech app development is gaining huge publicity as people are more inclined toward online money transfers and buying financial assets online. Investing in money transfer apps, cryptocurrency exchange, or fintech solutions for budgeting can enable startups to thrive as a popular fintech company. 

Peer-to-peer money transfer, digital asset, stock buying/selling applications are thriving swiftly. 

Benefit Of Investing: Access to the fintech market, earn money, and thrive as a top fintech company by catering incredible solutions for money transfer.

#5. Banking Apps 

Img src: Quora

Banking software applications are currently enabling banks to function with ease. While, for consumers, banking services are just a click away. Banking software development companies are delivering solutions that enable both banks and account holders to send, receive, and withdraw money with ease. 

Also, banking apps are helping in educating people about new policies of banks and customer care. 

Benefit Of Investing: Opportunity to work closely with banks and thrive as a prominent banking service provider. 

#6. E-Learning Apps 

Img src: Appfity

E-learning apps are enabling students to study at home and get interactive lectures (both live & recorded) for topics. E-learning app development is rapidly adopted by education institutions, as the system allows them to manage student data, teacher data and stay connected with students & parents anywhere. 

Besides, these applications also extend education system processes and the potential for academic progress. It also provides a special feature for parent monitoring of their children. 

Benefit Of Investing: Potential to enable you to generate great revenue via coaching services online.

#7. Dating Apps 

Img src: Google

Nowadays, people are inclined to try a new way to meet new people online and look for partners. In such a scenario, dating apps allow them to connect with people of their interest using geo-positioning, social media integration and depending on their interest. 

Users can find the best matches on the app, and you can use the application for app advertising. 

Benefit Of Investing: An incredible brand presence and revenue generation system of subscription for advanced features. 

#8. Fitness Apps 

Img src: Google

Today, a healthy body is the adobe of a sound mind in people. Thus, everyone is greatly using fitness apps to improve and track their health. Healthcare software development apps provide suggestive measures such as diet plans, workout sessions, and exciting workouts to enable them to improve their health. 

Moreover, this application also provides a cross-selling opportunity depending on user preferences and the need for data. 

Benefit Of Investing: Subscription model to earn revenue and create a brand presence to attract users/people to your gym.

#9. Money Transfer/Online Payment Apps 

Img src: Google

Money transfer and payment applications are being used by people abundantly due to the ease of sending/receiving money and purchasing things online. Surely, you, too, would also perform a number of transactions. 

There are many apps with several restrictions and high fees that you can leverage this opportunity to win the market. 

Benefit Of Investing: A cheap fee model for payment transfer and acquiring a brand with faster & safe payments.  

#10. Mental Healthcare Apps

Img src: Google

Presently, mental health is becoming a major concern among people, and they are driven to try detox, meditation, and relaxation therapies available online. Moreover, there are apps where professionals help people with depression, SPD, and many other problems.

Consultation & relaxation therapy apps are enabling people to get relief from certain issues at home. 

Benefits Of Investing: Thrive as a peer mental healthcare service provider and generate revenue through paid online consultation services. 

#11. Crypto Wallet/Exchange 

Img src: Google

Cryptocurrencies are a major investment asset among people, and they are inclined to buy/sell, and shop with them every day. Investing in a cryptocurrency wallet opens a new opportunity for thriving as a prominent fintech chain with crypto coins. 

Investing in crypto wallet/exchange enables you to earn tap into the market where growth is promised in the future.  Hence, cryptocurrency exchange software development is a wise idea to implement in 2021. 

Benefits of Investing: Thrive as a peer in the crypto trading space and gain huge revenue.

12. Online Gaming/Gambling Apps 

Img src: Google

Online gaming and gambling are being cherished by gen-z a lot these days, as these apps are enabling them to earn money in terms of rewards. Online gaming app is exciting and engaging to people; that’s why people spend a lot of time over these applications. 

Games are also a major point of investment among investors as they acquire huge audience & revenue opportunities. 

Benefits Of Investing: The app acquires a great audience for advertising and allows you to earn huge revenue on each tournament. 

#13. Social Media Apps 

Social media has always been attractive to people, whether it is a photo-sharing app or messaging app. Thus, catering to users with an incredible ideas or social media app experiences, you can acquire a huge audience. 

Benefits Of Investing: A great audience on social media apps means a number of revenue generation opportunities with advertising options. 

#14. Video Streaming Apps 

Img src: Google

Video streaming apps are one of the best app ideas and ways to generate revenue by keeping users hooked with engaging content. But, you need to ensure offering users exciting and engaging content every day. 

Benefit Of Investing: Opportunity to earn huge revenue with entertaining content.

#15. Music Apps 

Img src: Google

The music app is one of the best app ideas as music is what everyone cherishes, and there is no shortage of content over the web to acquire a music database. Besides, you also don’t need to think especially about their interests. Investing in a music streaming app allows you to earn a huge audience and money. 

Benefit Of Investing: Subscription model for users to enjoy advanced services for acquiring revenue. 

Take Away 

There is a heap of app ideas in the market today that can allow you to kick-start a new business from scratch or enhance your old business by engaging with the tech-savvy audience of the 21st century. 

Above, app ideas are very admired among both users and investors and also open the flood-gate of revenues. So, if you want to begin a business, you can partner with a mobile app development company that can suggest incredible technology mixture to help you acquire a futuristic app solution for your target audience. 

Also Watch Our Video on App Ideas:

The post Top 15 App Ideas To Invest In To Skyrocket Your Business / Startup Growth appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.