Thinking of Secure Digital Wallet App Development? VLink is Here to Help!

In recent years, E-wallets have been a growing FinTech trend because contactless payments are on the rise. New layers of security and ease in making payments and managing money are helping to propel digital wallets’ popularity. According to the prediction of Jupiter Research, more than 60% of the world's population will be using digital wallets for online transactions by 2026.   

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About The Author
Nikhil Khandelwal VP Engineering icon
Secure Digital Wallet



Developing a digital wallet app is a lucrative opportunity for businesses, with the worldwide mWallet market expected to reach $4.5 trillion by 2023. Apple Pay, Google Pay, Ali Pay, Venmo, and Cash App are the most popular digital wallets in the US.   


However, building a secure & convenient payment app is challenging. VLink is here to help you!  


At VLink, we deliver secure & user-friendly E-wallet app development services that protect your users from potential hackers, skimmers and other common security risks.   


Hire VLink! Reputed, Skilled Developers, Secure Digital Wallet App  


Table Of Content

  1. Must-Have Features for Secure Digital Wallet App Development
  2. Technologies Required for Secure Digital Wallet App Development  
  3. How to Develop a Secure Digital Wallet App with VLink?
  4. FAQs–

Why VLink?  

This Blog will give you reasons to go with us for your next digital wallet app development project!   


Must-Have Features for Secure Digital Wallet App Development  

To make your digital wallet secure, our highly skilled developers build an app with security features. From tokenization, QR technology, Biometric authorization, sanding box, and cloud-based services, all features play an important role in making your digital wallet safe and your online payment process efficient.   

Must Have Features


#1 - Tokenization  


When you swipe a physical card at the store, they log the card’s information in their system. This process can often increase the risk of data breaches. Thanks to the digital wallet’s feature - Tokenization, you don’t have to provide your personal information to anyone.   


Paying with an electronic wallet will generate a unique, single-use payment code. This “token” code is enough for immediate transactions.   


Tokenzations adds a layer of security to your payments and makes your data more difficult to track & theft.   


#2 - QR-Enabled Technology  


Prominent E-wallets such as Apple Pay use QR technology to let users make fast, secure and efficient transactions. It reduces the requirements for long card numbers or other payment details, making the process more convenient & efficient. In addition, the wallet integrated with the QR feature ensures the security of transactions.    


#3 - Cloud-Based Technology  


Quick transactions are possible now in a secure way thanks to cloud-based technology such as POS (Point of Sale). It gives customers complete capabilities to convert their smartphones into digital wallets.   


For instance, payment with a simple tap at POS terminals also eases the transaction process for vendors, issuers and buyers.    


#4 - Easy Accessibility from Anywhere  


If you have lost your smartphone, you don’t need to be worried about your digital wallet. Thanks to the easy accessibility from anywhere, you can prevent your data from being stolen. You just need to log in to another phone and freeze your digital wallet, preventing new transactions.   


#5 - Biometrics Authorization  


Believe it or not, securing your electronic purse is far easier than your physical wallet. Why?  


A digital wallet allows you to secure your data & track your device more efficiently.   


Electronic wallets offer several tools to secure transactions, from passcodes to biometric verifications. With the aid of fingerprints or Face ID, it is very difficult for hackers to access users’ information.   


The electronic purse is also safe & secure from prying eyes as it doesn’t display users’ full account numbers anywhere.   


VLink promises to deliver eWallet apps integrated with these features, such as biometric authorization, tokenization, Sandboxing, QR scanning, etc.   


Technologies Required for Secure Digital Wallet App Development  


At VLink, our FinTech app developers are experts in all programming languages and technologies required for creating a solid & secure digital wallet. Some of them are mentioned below:  


#1 - NFC (Near-Field Communication) Technology   


Contactless NFC technology plays a vital role in the development of e-wallets. This technology provides smooth and secure communications between smartphones and POS devices. Thus, users can make online payments fast, securely and seamlessly.    


#2 - iBeacon  


One of the most core technologies that should be integrated with a digital wallet is iBeacon. It allows merchants to send customized offers and coupons to customers within the radio beacon range.   


#3 - QR Technology  


To create a seamless payment process, we ensure that your e-wallets must support QR technology. ByteScout BarCode, & ZBar Code Reader are popular tech stacks for QR scanning.  


#4 - APIs  


All mWallets must support APIs to ensure seamless fund transfer between accounts. APIs help users to connect to their bank accounts.    


#5 - Cloud Technologies  


Cloud services like Google Cloud, Azure, Salesforce, & AWS offer greater security and data protection. They allow faster computing & flexibility for scaling up or down when required.   


Other tech stacks required for creating a secure, fast mWallet app are point listed below:  


Analytics: Amazon Kinesis, Apache Kafka, Spark & Flink  

Push Notifications: Amazon SNS, Firebase, Cloud Managing  

Geolocation: Google Maps API  

Payment Gateways: Stripe, Braintree, Paypal, etc.   

Backend: Laravel, NodeJS, or Java  

Frontend: Kotlin, Swift, CSS, ReactJS, etc.  

Database: MongoDB, Apache, MySQL, HBase, Cassandra, etc.  

Framework: React Native, Flutter, etc.   




How to Develop a Secure Digital Wallet App with VLink?  


Developing a secure & user-friendly digital wallet app requires careful planning, design & implementation. Many developers and business owners face three main challenges: compliance with different compliance regulations, fraud detection & risk mitigations and technological hurdles. These key aspects are essential to protect user data and maintain user trust in your product & business.   


Luckily, VLink is here to deliver you a trustworthy, secure and efficient digital wallet.   


A Brief Introduction About US! 


We are a trusted FinTech Software development company that sets standards in the industry. Our dedicated team of developers comprises driven minds with relevant experience, making it possible to build a digital wallet that can overcome your competitors.   


With our reliable mobile wallet development services, you can ensure that your app will be built by skilled programmers, integrated with the latest technology you want, and of the highest quality and speed.   


Our Seamless Digital Wallet App Development Process 


From market research to design to development to testing, we are experts in all stages of a well-designed & robust digital wallet app development for both platforms.   


Stage #1 - Market Research   


Successful app development always starts with market research and competitor analysis. During this stage, our experienced development team selects the industry and target audience, performs a competitor analysis and identifies their audience’s requirements.   


Stage #2 - App Concept Finalization  


After completing the market research, we focus on creating and finishing the app concept. This helps us during the business analysis and estimation phase.    


Stage #3 - UX/UI Design  


Our experienced UI/UX designers make the interface engaging & suitable for e-Wallets. They know the app design affects the first impression of the overall product.   


Stage #4 - Development & Testing  


After getting wireframes and mockups from the design team, our dedicated development team starts creating a digital wallet app and completes all crucial features. We mostly use the Agile methodology when building an app as it allows you to quickly enter the market and minimize costly errors.   


Then, the QA team tests the product and ensures no bugs to fix.   


Stage #5 - eWallet App Launch  


Finally, we host the final product on popular platforms such as Google Play Store and App Store. Now, your users can download the crypto wallet app from their respective OS.   


Stage #6 - Maintenance and Support  


During this phase, our developers keep your mWallet app updated, active and free of bugs and errors while ensuring it remains valuable for its intended purpose.   


With our developed digital wallet app, you can enhance your user experience and ensure continued satisfaction with the product.  


Our Cost of Digital Wallet App Development 


We provide cost-effective digital wallet app development solutions. The price of our services relies on app features, platforms, functionality, security features and other factors.  


Want to turn your dream digital wallet app into reality? Contact us now!  


Frequently AskedQuestions
How to make your eWallet app stand out from the competition? 
To make your digital wallet app stand out, you must focus on its user experience and implement unique features. Make sure your app is updated with the latest technologies and trends. 
How can the mWallet app benefit your businesses? 
A mWallet app can benefit your business in several ways. It provides a convenient and secure payment option, enhancing customer engagement and loyalty. In addition, it minimizes transaction fees. 
How to market a digital wallet app effectively?
To market your digital wallet app effectively, create a detailed marketing strategy comprising SEO, email marketing, social media and paid advertising. In addition, you should focus on user engagement and unique features to increase user adoption and retention. 
What are the required security compliances for digital wallet app development? 
There are several security compliances you should consider when developing a digital wallet.  Some of them are Data Privacy Regulation, Secure Login & Authentication, Secure Data Transmission, Protection Against Fraud, Secure Data Storage, PCI-DSS & Regular Security Audits & Updates. 
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