Following the COVID-19 epidemic, digitalization has taken hold across the globe. The use of digital components has become prevalent in every sector. People all across the world are beginning to use mobile payments as a means of making purchases. According to a survey by Market Research Future, the e-wallet market is expected to reach about $2100 billion in revenue by 2023, growing at a CAGR of 15%. It may be quite complex to design a eWallet app with the finest functional traits and service features. Product design experts for eWallet apps must provide the most practical and intuitive user interface designing as smartphones are becoming more capable. It’s now imperative that designers revisit the design of their eWallet app to ensure that it is easy to use and secure enough to be used on a daily basis.

Components of E-wallet App Design

Numerous components must be incorporated into the design of the eWallet application to provide a spectacular look and experience. It takes time and a skilled eWallet app developer to create a stunning design that will captivate your users.

Background

It’s critical for small and large web design firms alike to establish their brand and make an impact. The app’s design must reflect the company’s unique personality in every way. UI, symbols, and logos, among other things, must be incorporated appropriately into the design of an e-wallet application.

Animation

User engagement must be at an extremely high level if a eWallet product application designers want to provide a high-quality product to its customers. A variety of eWallet software panels and features may be animated to provide the user with an enhanced level of engagement. 

Color Scheme and Gradient

When it comes to apps, the color theme is the most significant aspect. A majority of users are drawn to an app based on its color palette. The combination of hues has a calming effect on the psyche. This demands the use of a color gradient in the application’s design.

Isometric Style

To help customers relax and focus on the components, a clean and balanced design is essential. It is possible for the app’s welcome page to include balance, pay bills, and transaction information as well as buttons to recharge your phone, make mobile payments, and other incentive offers. Digital product designing services can suggest a cost-effective solution template for putting together a feature set.

Process For Designing an eWallet App

Doing a Market Analysis

Some of the most popular eWallet apps on the market provide a wide range of features and an extremely high degree of security. Major providers like Gpay and Samsung Pay have amassed significant market share and have a devoted following of users. In order to choose the best developers for your eWallet application, you must first conduct thorough market research.

Personas for Users

Understanding the user’s persona is critical to meeting the user’s needs. There is no one-size-fits-all solution for every user. However, it’s always a good idea to divide your customers into a variety of categories. Successful eWallet app developers know what it takes to create a popular app. Companies may gain a better understanding of user behavior by grouping people into many categories and subcategories.

Development of the User Flow

Flow is a term that refers to how a user moves through a process to accomplish a goal. The design of an eWallet must be simple and easy to use for the end-user. The user flow assists in determining which features are most likely to meet and exceed users’ expectations. The user’s journey is determined by the user’s profile; however, your application must choose the path that is most convenient for the majority. Make sure that you select a workflow that will work well for the majority of your team members.

Wireframing

Wireframing is the process of sketching out the eWallet’s interfaces. This is to ensure that all functionalities, in addition to basic functions such as login identification and registration, are provided. This also assists in comprehending the logical sequence of steps that must occur within your application.

UX Research and Testing

An improved customer experience may be achieved by using UX Lab. It seeks to analyze the app’s numerous processes to see how simple or complex it is for users to complete activities. Moreover, it ensures that the app’s design is in accordance with the original concept and that its functionality is in accordance with the intended user flow.

Top Features for eWallet App Design

Summary of Financial Transactions

The summary, which includes a financial transaction, is critical since it enables customers to monitor their entire financial situation from the home screen. This feature enables people to access their balance at any time, as well as the flow of cash, evaluate transactions, etc.

Analyses of Spending

The spending analysis tool is a critical component of an eWallet’s functionality. This tool aids users in keeping tabs on their spending patterns, such as how much they spend on movies, clothes, and other items. Having this information easily available on the application makes it much easier for customers to build a budget and keep track of their expenditures.

Convenient and Effortless Orders

One of the most important aspects of mobile wallets is their speed. Transactions are expected to be completed in the smallest amount of time feasible. Any delays might have a negative impact on the customer experience. As more and more applications are accessible for booking taxis, buying meals, and other activities that involve money transactions, this functionality has become increasingly important.

A Bill Paying Option

eWallets may be used to make electronic payments such as online purchases and bill payments. It’s no longer necessary for consumers to lug around a wallet full of cash or credit cards. This benefits users by allowing them to earn cashback, discounts, and other rewards while also facilitating improved financial management.

Chatbots

Chatbots are virtual assistants that converse in the same way that people do. Providing users with effective and cost-effective customer care ensures high-quality service and rapid resolution of issues. There has been a dramatic increase in the ease with which enterprises may communicate with chatbots. 

Near Field Communication (NFC)

NFC is integrated into the eWallet design so that consumers can just touch their smartphones on a device to make a payment at a business. NFC transactions are more secured than credit card payments, so users may rest assured of their safety. Additionally, NFCs are compatible with other payment systems and serve as a versatile platform for numerous forms of safe payment. Transactions are simplified and expedited since users no longer need to take cash or credit cards with them everywhere they go.

QR Codes

Adding QR codes to an eWallet is a smart move. This enables users to connect to other individuals online simply by scanning their QR codes, eliminating any necessity for cards or bank details. Also, QR codes have simplified the process of tracking money flows from one individual to another.

Conclusion 

eWallets are becoming increasingly popular since they are accepted in more locations, provide improved security, and open up new avenues for making. Contact Us today with your requirements.

Read more about why your business needs a mobile app here.