Android · Android App Development
Hi there,
I want to start a wallet app company.As everyone knows that starting a new company in this highly competitive and saturated market in today's world.
I have some questions to ask about the operating of how the wallet app works:
1) If i make a wallet app,should i be collaborating with the restaurant/shopping malls or business
a) if yes how can this be achieved ?
2) When the users deposit the money, where will the money the deposit will be saved at ?
I humbly request you guys to give the best answers you can,as i really want to start up.
Also i don't want to entertain any discouraging answers.
Thank you.
Hi, Here are my thoughts-
1) If i make a wallet app,should i be collaborating with the restaurant/shopping malls or business
--Yes you need to collaborate with restaurants or businesses depending on the requirement of the app. We can connect to discuss about the functionalities in details.
a) if yes how can this be achieved ?
-- You can collaborate businesses or restaurants by hiring a marketing guy or by publishing Ads in newspapers, social media etc. or by making promotional discounts to join the app.
2) When the users deposit the money, where will the money the deposit will be saved at ?
--Since its a wallet app, the money will be saved in the individual customer wallet which will be connected to the bank accounts. For eg. Paytm allows you to transfer your Paytm balance to bank account and vice versa.
All the wallets have different functionalities.
Would like to know what are your thoughts on business rules?