Best Micro Saving Mobile App

The Fintech Industry has accelerated digital transformation enabling centralized systems, distributed storage, and secure transactions. The micro savings mobile app is an attempt at enhancing cashless transaction experiences for the Fintech marketplace.

Business Problem

Cash-based transactions can give a headache to both the merchants and customers involved. The customer may not always have the cash needed to complete the purchase. At the same time, the merchants face a lot of issues managing the money, getting it to the bank, and then retrieving it from there.

Another huge problem that occurs in cash-based transactions is that both parties need to carry the requisite amount of change. In the case of card transactions, you need to carry them along with you.

There was a growing need to reduce the wallet bulk and make way for convenience.

The Big Idea

Our client wanted to make transactions cashless or cardless. They needed people to be able to complete all purchases using their phones alone.

The big idea- The best micro saving app allowed them to ensure that merchants and customers dealt with their transactions using the mobile. The customers will receive cashback for every transaction they make with the wallet.

A Small Brief into Best Micro Saving App

• The customers and the merchants can create a detailed profile on this micro saving application. The customers can recharge their wallets with a certain amount using their net banking, credit, or debit cards. Once the customer has added money to their account, they can enter the outlet, scan the code and send the money to the merchant’s account. 
• The merchant can directly transfer the amount received into their banks or keep it in the wallet. The merchants can also recharge their accounts to transfer the cash back into the customer's account.
• The merchants and customers can see detailed reports of their transactions and manage the transaction history. 

Our Process

• After multiple meetings and consultations, we made the requirements document for the mobile application. Our team interacted with the client to understand how they visualized the project. It also helped us know the functionality the client needed in the best micro saving application.  
• We prepared documentation that helped the teams get together and build the mobile app solution. 
• Once the document was approved, we began planning the app (coding technology, the logic, design prototypes, and even the database management). 
• We used the test-driven approach to fast-track app development and quick deployment.