How are E-wallet Apps Profitable to Business Owners?

submitted 4 years ago by dylan05 to business

By venturing into mobile wallet development, business owners can gain revenue via multiple ways, 

  • Commissions for instant money transfers: Certain users need to make instant money transfers through their wallets. In such cases, business owners can levy a certain percentage of payment as commissions. 
  • Commissions from merchants: Digital wallets provide an additional mode of payment for merchants. As a result, revenue is generated in the form of commissions from merchant payments.
  • Displaying Ads: Business owners can join hands with third-party vendors for advertising in the app. By displaying ads for a specific time, revenue can be generated.