Online payment apps are changing our lives day by day. Though they are not new to the existence, they are never old enough when considering the new features and functionalities getting added with the technology advancements. They are optimizing everything from splitting bills, booking trips, sending or receiving payments etc. With this speed that everything is changing, we can even say that one day we would wake up to a bankless world. In this, we are going to focus on one app of Fintech, whose technology has left awe-struck.
But before we get to know about the app, let’s understand what a peer-to-peer payment app is. Let’s get started.
Peer-to-peer payment app
A peer-to-peer mobile payment software is an app that can be used for transferring electronic money to anyone efficiently. The payment transfers happen between banking accounts, credit cards, or third-party online platforms. The brownie point to the success of p2p apps is that they help everyone in transferring the money instantly.
Now that you would have known the surface of what a peer-to-peer payment app is, let’s get to the crux of the blog now.
What is Zelle?
Zelle was launched in the year 2017 in the United States by a private financial services firm, Early Warning Services. It is a reliable, quick, and straightforward way to transfer money in just a few minutes with their peers.
The app has gained massive traction from the time it got launched since it doesn’t involve entering the details of the bank every time, and they can send money instantly with their mobile devices. Though it is operating only in the US, it has got the attention of millions of users due to the most accessible functionality it follows.
The easy functionality that we’ve been talking about is that the users can register their bank account with their phone numbers, and they can directly enter the phone number of the other user and get it transferred. The recipient will receive the money instantly. Yes, it’s that simple!
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Apart from this, there are numerous people who are bankless, but they all have access to mobile phones. This symbolizes that there are many individuals who have access to mobile phones more than subscribers’ numbers in banks. Therefore, it would surely benefit if you start to develop a payment app like Zelle Pay.
Moreover, by studies, it is known that three in every four millennials have made online or mobile p2p payments. Also, if you are a startup, this could be a great idea, as every financial institution likes to boost its customer base through mobile apps.
Essential features to be added to Zelle Clone
Irrespective of the method of development you choose, there are some instant features that you should consider adding to your Zelle Like App. Let’s look at them now.
Send or request money
For any online payment method you take, the primary concern of users will be security and clarity. By involving longer steps of payment transfer, there might arise some confusion and challenges. However, in your app, it is best if you add the easiest way of transferring funds by email address or integrating the recipient’s contact number. It will be even more convenient if your app has direct access offering to the users to avoid entering a wrong email address or contact number.
With contacts, the user has to add them directly when they have to make payment, and the next time they want to send payment to the same person, all they would do is tap the person’s contact. Creating such an intuitive interface will make your app user-friendly, and people find it easy to navigate.
Everyone would turn skeptical when it comes to giving money. Be it the online or offline world, we check the amount, and when you provide a facility where they can get proof in the form of receipt, it will work out well. They will gain a sense of assurance if they have a memo with them for references. It can be helpful for both businesses and users.
Let them have a record of their in-app transaction history where they can view the transactions they have done so far to know about the expenses and income. You can provide them with manual information about the transaction that has been processed.
It will help the users to know about the offers and their payments without opening the app. Notifications like due payment, payment received plays an essential role in letting them know about the status of their payments. But you should also make sure to work on not displeasing them by sending frequent notifications. Set yourself a timing, frequency and content wisely.
Though there are many other essential features to be included, these four constitute mainly the payment app.
Development of Zelle Clone
P2P payment app like Zellecan be developed through different methods. Though, developing it from scratch and hiring a freelance developer may need most of your time and budget because of the infrastructure and hourly payment of the developers.
However, if you go for clone scripts, you can sit back and relax and still launch the app in just a few days’ time. They are ready-made solutions that contain every critical feature needed for a successful product. So try to get your hands on the script from Appdupe as fast as you can!
Launch a successful app by developing an app like Zellepay now!
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