7 Crucial Features Required in the New-age Mobile Wallets
To build e-wallets, banks, financial institutions, and other financial enterprises are testing and employing every available application framework to deliver the best experience to their end customers. Fuelled by the COVID-19 pandemic, the utilization of mobile wallets has increased manifolds. Let us look at 7 features that must be included in the mobile wallets of 2021.

Seamless Transaction with User-friendly Interface
Convenience is the key to any service today. Completing a payment via an e-wallet should be quick and smooth as it is one of the primary reasons for its increased adaption. For merchants as well as individual users, an e-wallet app must have a user-friendly interface and dashboard. It should allow them to manage and track all the transactions held through the wallet or other features. Moreover, they should be able to check their balance, add money to the wallet, and access other in-app features.

Exceptional Privacy and Security
Despite the surging adoption, there are many individuals and merchants who have reservations regarding mobile wallets. Users fear the potential security threats as an e-wallet stores sensitive financial data and their money. An e-wallet must win the trust of its potential customers and users by providing exceptional security. A digital wallet must provide security features like biometric, OTP, QR code, and multi-factor authentication for proper validation along with a secure, fast, and efficient payment transfer.

Enabled with Navigation and GPS Tracking
Through mobile wallets, any individual or business can accept and receive mobile payments no matter where they are. GPS tracking & navigation is one of the essential in-built features of the e-wallet app as users can locate people on their devices and make the payment with just a tap on the specific username. This helps save time as no account information is necessary, and the transaction can be done efficiently.