In the words of Thomas Husson, Vice President and Principal Analyst at Forrester Research “Mobile is becoming not only the new digital hub but also the bridge to the physical world. That’s why mobile will affect more than just your digital operations — it will transform your entire business.”
Today, millions of users have changed the way they transact the money either they are using cards or mobile payment apps such as Paypal, Google Pay etc. Do you know Paypal has 244 million user accounts worldwide in the year 2018 and total revenue incurred by PayPal was 13.09 billion U.S dollar in 2017?
Image source: marketingmag.com.au
Do you know?
- In recent years, digital wallets have become popular in Australia. Now, Australian’s are spending lots of money using mobile payments apps.
- According to the report of Capgemini, Australia is ranked 4th in non-cash transaction per capita and in the year 2017, 10% growth was marked in the non-cash transaction.
- By the year 2020, reported by BI Intelligence, in-store mobile payments will reach Dollar 503 billion which results in the annual growth rate to 80% from 2015 to 2020.
- In the year 2015 mobile payment revenue was 450 billion U.S dollar worldwide and it is expected to increase by 1 trillion in 2019
From the above facts, it is hence proved that investing in a payment app will only going to earn money for your business. Now, have look at the revenue incurred by the PayPal.
What is PayPal?
PayPal, a very well known global online payment app. It allows to make payments and transfer money online. It acts as a leader of the online mobile payment market. Various companies are accepting payments through PayPal Such as Humble Bundle, BestBuy and many more.
Have a look at some of the benefits of online payment app that compelled businesses as well as users to use it.
- Convenient Option
What do you need for a successful business? Users, revenue and one best idea. Developing an e-wallet will be very beneficial for your business as millions of users are using online payments apps. Have a look at the image, it shows you the figure of Australian using mobile payments apps for shopping and other stuff.
Image Source: twitter.com
Mobile payment app provides a secure way for paying your bills in the restaurants or any shopping malls. Normally, these types of apps use NFC technology for convenient payment via phones. It is built with the features that help to protect user's personal data via encryption or protected code. You can add a security password or pin on your app.
- Fastest Way
Paying via your mobile app not only give you an easy way to pay but also saves your time. Within a click, your transaction is completed. Nowadays, users find it more secure and convenient. Some of the payment apps provide discounts and cashback offer for users which attracts them to use it.
So, here we have provided you with the 3 benefits of using mobile payments apps that users get. We, GetAProgrammer, one of the top app development firms recommend you that don’t hesitate to invest in online payment apps. If you have any doubt about the app planning and strategy. You can talk to our expert app developers. We will help you from the core. Do follow us on Twitter and Facebook for more information.