Card Management

To allow smooth payments, g-wallet require users to save their card (both virtual and physical card) information. Users will no longer have to enter their card details every time they make a payment as a result of this. Because the card information saved within the mobile wallet is encrypted, it is safer than carrying actual cards all of the time.

Transfers of Funds Between Bank Accounts

‘'Green wallet'' will be able to transfer funds between the payer's and payee's bank accounts by 2022. The payee will also be able to receive funds directly into their bank account or wallet. When the payer and payee have accounts with separate banks, this capability will be offered as well.

Bill Payments

The mobile wallet will be capable of assisting customers with peer to peer payments, utility bills, loans, rent, mortgages, and other financial obligations. The wallet will be expected to handle much more than money transfers as the use of digital money grows.

Contactless Payment Technologies

More and more brick-and-mortar retailers are using contactless payment technology, such as QR codes and NFC, to make the customer checkout experience more frictionless (Near Field Communication). It will be mentioned that QR code payments are the most widely used kind of contactless payment.

Advanced Security

Dealing with finances, safety should always come first. End-to-end encryption is required for every financial transaction. To maintain mobile wallet security, Fintech developers employ many technologies. Tokenization, two-factor authentication, biometric authentication, one-time passwords, SMS, and end-to-end encryption are just a few of them.

Discounts Rewards, and Coupons

The relevance of profitable discounts and rewards is understood by marketing and sales employees. Your mobile wallet software will allow users to manage their rewards and loyalty points in addition to providing them with appropriate incentives. Because most marketplaces already have a few mobile wallet apps, having such functionality is vital for your app to stand out.

Bill Splitting

It's a game-changing feature for mobile wallet apps. Because many wallet applications lack this feature, it can provide your app with a competitive advantage. Users should be able to request that their peers pay their bills by adding them to the bill.
Another benefit of the bill splitting option is that word of mouth marketing will help you gain more clients naturally. Users will become loyal users of the app because of the convenience of paying.

Seamless Onboarding

When it comes to creating the customer onboarding process for mobile wallets, there are various obstacles to overcome. With roughly 40% of European consumers abandoning FinTech apps during the onboarding phase, wallet developers will design a seamless onboarding procedure. Because mobile wallets are designed to save customers time and effort, your Green-wallet app should allow them to sign up and verify their identity immediately from their mobile device.