The fast growth of the eCommerce industry is giving birth to various methods of payment. Payment via E-Wallet is growing at a rapid rate. Today, most people enjoy using E-Wallet mobile wallets, such as Apple Pay, Google Wallet, Paytm, Android Pay, for booking tickets, shopping, paying utility bills, etc. One of the main reasons for this E-Wallet business’ worldwide success is that these solutions deliver quicker, more efficient, and reliable payment ecosystems. According to a new report of the 2019 World pay’s Global Payments Reports, the e-wallet transaction system tops all payments with 36 percent market share, and it will also continue to rise with 47 percent share by 2022. Besides, 16% of all global POS payments were made using E-Wallets in 2018 and by 2022 this is projected to hit 28%. It will make it the second-most-used payment method for PoS transactions. Essential e-wallet app features USER REGISTRATION & AUTHENTICATION – It’s one of the most basic and growing features you should have in your mobile e-Wallet program. Some other framework module without this function makes no sense. SERVICES AND SERVICE CONFIGURATION – The mobile application E-Wallet offers various payment services such as mobile recharge, money transfer, bus, ride, train, movie ticket reservation, etc. as the basic aim of the E-Wallet application is to deliver such services to users and earn a commission from the consumer. SERVICE CHARGE & COMMISSION CONFIGURATION – This feature of a mobile app E-Wallet has nothing directly to do with all the users of the mobile app. But for admin, it is important, as it allows him or her to set commission and service charges. It means an E-Wallet business model depends on that particular function. PROMOTION AND REFUND SETTINGS – Both electronic wallet mobile apps offer excellent incentives for customers, as well as cash returns, to draw more customers. Cashback and other deals are frequently the only reason consumers are using E-Wallet. REPORTS AND ANALYSIS – That specific function is very useful for both users and administrators to know the operation history, including all the expenses. With this unique feature, an administrator can easily know the user’s usage habits and prepare a business strategy based on data. SECURITY – Security is the main concern of users with a mobile application on the E-Wallet. Therefore, to gain the customer’s trust and make them frequent users of your e-wallet application, you have to provide them with certain advanced security features that provide full-proof protection for electronic wallet mobile application and confidential user information. LOAD & TRANSFER MONEY – This is another much-needed and essential feature of mobile apps for electronic wallets. App users can use this feature to connect their bank accounts to the electronic wallet application, then move money between banks and other users and pay for services. Conclusion So, here you see some important features that should be in your mobile app for the e-wallet. No doubt, the e-wallet industry is on the rise and continues to develop as the Smartphone market expands. If you want to try your luck in this business model as well, then you need to have a mobile app with all the features above. You can also recruit mobile device developers from any trusted organization to do so. We at softieons technology work on mobile app development and help our customers according to their business needs.