7 Essential Features Of An E-Wallet Mobile Application

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These days, people love to use mobile apps to make payments, because its quick & fuss-free.

Moreover, we don’t need to carry cash, check or credit card with us to make the payments. All we need is a smartphone, which will carry with us, anyway.

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Most of the major service providers are incorporating e-wallet or mobile wallet system in their businesses for facilitating their customers to make quick payments.

If you too, have an idea to build a mobile wallet application, here are some tips. 

In this blog post, I have shared 7 essential features of an e-wallet mobile application.

#1 User-friendly Interface

UI or interface of any mobile app is perhaps one of the major reasons of its success and high engagement rate.

An appealing interface would always encourage its users to get engaged with the application.

Below are but some of the important elements of a user-friendly interface:

  • Colors
  • Buttons
  • Graphics
  • Font type, color & size
  • Loading speed
  • Branding
  • Spacing & alignment
  • & lot more…

Various studies have shown that the only common factor among all of the successful mobile applications, is their design

Is your app development team capable of producing high quality visuals? Do ensure to check before you hire them.

#2 Seamless Transactions

Since the purpose behind building a mobile wallet application is to allow users do online transactions hassle-free, the whole process must be seamless. Paying with a mobile wallet, should just be a matter of touch.

Most importantly, a mobile wallet app must be super easy to use. It must be usable for all the age groups.

#3 GPS

If you intend to invite different vendors to accept payments using your application, you must also include a feature of GPS in your e-wallet mobile app.

This feature will help your users to find nearby vendors who can accept the payments using your mobile application.

#4 Wearable Device Integration

Oh, if you were thinking that Wearable technology is just limited to fitness trackers & smartwatches, think about it again. Wearable device is perhaps going to be the next big thing in the world of mobile applications.

By using an NFC chip in your application, you can enable your users to make the transaction using their wearable devices, similar to contactless credit or debit cards.

#5 Reporting

All the transactions made by every user must be presented to them in a viewable or downloadable format (reports), when requested by them. 

Additionally, you can also show them the statistics of their spendings and earnings through these reports. 

In this way, your application will also serve your users as a expense tracking tool.

#6 Security

When it comes to online payments, be it through a mobile application or any e-commerce website, security is vital. This is primarily because of 2 reasons:

A. All of the users will be making online transactions and therefore, the whole payment process must be performed securely.

B. This application will have the details of all the spendings & incomings of each user, which is an extremely confidential information.

Before you engage any app developer to build your e-wallet mobile application, you must discuss in detail, about the security of your app.

#7 Loading Speed

The loading speed of an e-wallet application must be optimized.  It shouldn’t take more than a few seconds to browse through different screens. 

For a mobile app, the ideal loading time should not be more than 5 seconds. Anything more than that, is unacceptable to the users, as proven by many studies.

No matter how sophisticated your mobile app looks, but if it fails to load within 5 seconds, the users will quit immediately.


Building a mobile application alone is not enough. It must have all the required ingredients to make it successful. 

There are tons of mobile applications available in every niche, not all of them achieve success.

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