How Mobile Apps Are Transforming Banking Sector

banking sector app development

Just a simple question to start with ? Which did you last visited the bank physically ? Most of you do not remember the same . It is the fact that as the technology is getting mobilised , so is the banking sector . We can do almost everything from the convenience of mobile app and that’s so in a very secured environment . Due to technology advancement in banking sector , presently we are able to experience hassle free banking experience .

With the technology advancement over time , even the banking app has been converted into easy to use mobile applications , in comparison with the bulkier version earlier . Due to this a person who does not even have a penny of experience of using mobile app , can easily carry on banking transaction through mobile app . Along with this , there are many other benefits of mobile app that have changed the way of doing banking for us and some of them have been elaborated below :

1) No Waiting In Queues

If you are one of those person whose day’s first task is to visit the bank for doing any of the transaction , then you must be thankful now for banking apps that have changed your life . You can perform the same task by clicking on few icons in banking mobile app .

2) Convenience To Consumer

All banks works during business hours , usually between 9:30 am to 5 pm , and that is the time most of us go to our offices . This radically means when you are suppose to visit banks for performing any of the transactions , by taking leave from your office that will obviously cost you more . But with the launching of mobile app , this scenarios has been completely replaced . Now in person can do transaction anytime and from anywhere in the world .

3) Immediate Transfer

Usually in India , it takes 3 working days for any cheque to get credited in bank account with is obviously time taking process . But thanks to banking app , it can be transferred within few second and that to from anywhere .

How Is technology Seeing This Shift In Banking Sector ?

A well deployed banking app development must have an awesome UI/UX design for their banking customer . Also security is one of the greatest concern while taking about the mobile app , so that custom can get peace of mind by using banking apps on their mobiles . Latest introduction of technology like BHIM app , UPI has improved the banking sector by joining in all the bank together and thus making transaction between different bank just a click away .

Introduction of latest emerging technologies like Big Data , AI , Blockchain , IOT has open the whole new door for banking sectors .

Banking which were earlier thinking of opening thousand of branches for the convenience of their customer is now more focusing of development of their website and mobile app . The advancement of technology is already created a virtual banks , and in newer future new physical bank brand would be a rarity .

Winklix.com is leading mobile app development company providing website and mobile app development solution across all industries .  We are also leading CRM and ERP software development company thus facilitating IT solution in simplified manner .

Which Development Approach Works Best ?

which development approach work best ?

As it is a matter of fact that there is always more than one way to develop software development project . After a quick search , you would be able to reveal lots of development technologies available in the market including but not limited to Rapid Application Development (RAD) , LEAN development , Spiral and much more .

The ultimate goal of each technology is to develop software in such a way that client gets satisfied with developing a greater product using best technology .

We take a different approach to as a  software development company , we place the things using existing development technology and aligns then according to the custom needs of the customer . Whether it is for developing a website , or as a mobile app development company – we put our best possible efforts to deliver the best product , in such a way that it increases their productivity , profitability and  general satisfaction level .

Our years of experience and continuous work with the customer has helps us to solve on the central issue on priories basis . Winklix believe in clear and detailed goals and requirement so that we can mark our calendars accordingly and work beyond our client expectation . We love to go on going cooperation with our clients , giving them timely update and getting quick feedback form their side at every milestone we have decided .

We can assure you – If you choose us as a software development company , you will surely be getting a partner who is dedicated to deliver you the rock awesome product in best possible manner . We always focuses on maintaining a long term business relationship with any of our client with latest software development mythologies .

Latest technology such as augmented reality app development service together with internet of things development has really changed the revolution beyond our expectation  . We have been working alongside with the technology to give our custom all IT solution in one place .

Winklix is leading software development company providing website designing and development , ERP and CRM development , mobile app development , IOT based app development , AR/VR App development and more .

In case you want to hand over the project to us , you can right away contact us .

How Much Does An App Like Amazon / Flipkart Cost ?

cost of developing commerce app

Flipkart is India’s biggest e-commerce platform which was started by 2 individuals in Bangalore . They took the risk and they worth it . Started with just selling of books online , today Flipkart sells a wide range of products online including mobile , home appliances , fashion products and more . Inspite of the fact that the very first company who has introduced e-commerce in India is Amazon , but to make e-commerce industry popular in all people mind and dream of hundreds of Indian e-commerce ventures totally goes to Flipkart .

Winklix is leading mobile app development company based in India and USA known for providing innovative solution in field of app development . Winklix can help you build next big app like Flipkart or Amazon with innovative feature and rock awesome design at affordable cost .

Key Feature Of Flipkart App :

  • Simple user interface with easy to search option .
  • Menu with categories and sub categories to search in wide range of products .
  • Login In / Sign Up using phone number together with adding the product to cart , applying some discount coupons and finally placing the order which will be either payable online or on cash on delivery .
  • Image search to buy the product by image .
  • Secure payment option and convenient order tracking .
  • Notification , refer and earn option along with help centre .

Factors That Decide The Cost Of Flipkart / Amazon Like App :

When we are talking about the app or website like Flipkart or Amazon , they are relatively the largest player in the market with most of the functionality already covered in their website and application . Their functionality have taken years to built and hundreds of developers to build the same who have worked 24×7 to develop the India’s largest platform .
So as per my personal suggestion , rather than focusing on an app like Flipkart , focus on the functionality that you will be requiring to sell your product online which can make your website and application a success . This step with save your thousand of bucks for development ,and will help you to promote your website and app the way you want .

App Design

Good app design is the backbone of any mobile apps . In order to ensure success in the market you must have awesome app design . Design should be made in a way that it can easily interact with the user and must be able to give them satisfying experience .
The cost of designing :
  • Wireframe will take around 40 hours .
  • PSD design will take another 100 hours .
  • User interface and User experience will take 140 hours .

Backend Development

This is the main part which act as a active mind behind website and app . The development of the backend included showing customer data , together with CMS management , category and sub category management , order management , shipping and billing management , staff management and so on . Backend development cost will depends on the functionalities required by you in your e-commerce application . For developing functionality as stated above to run a e-commerce app will take around 480 hours .

API’s Development And Integration

API’s are necessary to connect web based admin with the mobile application . Usually developer who had developed the backend admin creates the API’s to interact with the mobile application and after that mobile app developers ( whether android or iOS ) implement the same in the application . The api’s development and integration will take around 200 hours to implement the same.

Payment Gateway & Third Party SDK

Payment gateway and third party SDK implementation is tedious job and will take around 100 hours to integrate it on mobile application .
So the total time which will be required to develop an app like Flipkart will be somewhere around 4 months with cost for basis e-commerce site will be $ 20000 . Rest it may increase or decrease depending on your requirement .
Contact Winklix – Leading mobile app developer to get instant quotation for developing an app like Flipkart . Contact us now .