Even the established business models are transforming to get synchronized with the digital ecosystem and to grow their business.

However, the growing digitization and increase in on-demand services have raised the demand for web and mobile applications development. 

The following figures reflect how app development has gained high momentum. 

• The Global application development Market is expected to grow at ~ 9,336 Million by the year 2023 at a CAGR of ~21%.
• Since the Covid 19 pandemic, mobile app download is up by 23.3%.
• By 2021, it’s expected that mobile app downloads will reach 258 billion — a 45% increase since 2017.

To fulfill this growing demand software service providers and developers are continuously working hard, but still, some challenges are difficult to overcome in app development. Fortunately, with DhiWise developers can easily overcome those challenges. 

Web and mobile app development challenges faced by app developers and how  DhiWise can help to overcome those challenges.    

Rapidly changing technology                                                                               

Problem: 

We are living in a fast-paced technological era where everyone needs to keep up with the latest trends and changes in core technologies to stay ahead in the competition. 

Any advanced application built today with the latest technologies will be outdated in a few years, if not maintained and improved according to the market requirements.  

Therefore, for developers, it is essential to use the best technologies that are continuously upgraded to keep up with the trends, user requirements, and market changes. 

Solution:

DhiWise is an application development platform that helps developers to build web and mobile applications efficiently using the most popular technologies which include,

1. Node.js
2. Kotlin
3. Mongo.DB
4. React.js  

And the support for new technologies such as Flutter, Angular.js, Swift, Laravel, and more are coming soon.

The platform eliminates the need for manual installation of development software on your devices, saving your device resources. It also helps you to easily upgrade your favorite technology to its latest version.

Remote development team

Problem:

The covid-19 restriction has forced many organizations to work remotely. Having a remote development team for software projects has its own challenges, such as collaboration and sharing of code resources.

Solution:

DhiWise supports remote development with secure module-specific access. It provides a collaborative environment for the development team to accelerate application development.

Poor code quality 

Problem:

For any application quality is critical, you cannot compromise on the quality of the application whether it is a small or large app. Especially, if you are working on a big project with a large development team, it is difficult to maintain the app code and thus reduces the app quality. 

Solution:

DhiWise supports Clean Code Architecture and thus generates 100% clean code. Therefore, you don’t need to worry about training your development team for writing clean code. 

This functionality helps developers to build highly scalable, maintainable, and testable applications with high-quality code. 

Difficulty in building customized application

Problem: 

Building customized web and mobile applications are time-consuming and require a lot of effort. Using low code and no-code platforms reduces the time and effort for building applications but both of them don’t provide the required flexibility in programming to build customized apps.

Solution: 

DhiWise empowers developers to build customized applications faster with full flexibility in coding, making your application unique and more secure as developers know how things are working in the app which is not possible using low code and no-code platforms. 

Slower development speed

Problem:

The repetitive task in application development reduces the developer’s efficiency and can lead to multiple errors. Overall, it makes the development slower and stressful. 

Some of these tasks include manually creating database schema, documentation, and writing code for API integrations, etc.

Solution: 

DhiWise reduces most of the repetitive tasks by automatically generating source code with the minimum input, also you can generate Swagger documentation for your application, auto-generate APIs, set authentication and authorization in the application, and much more.

Building Secure applications

Problem:

Reverse Engineering of your app code can be the biggest threat to your business and customer information. Developers should enforce cybersecurity to their application code to avoid reverse engineering of your application code. 

Solution:

DhiWise enforces cybersecurity to your application code making it difficult to reverse Engineer and avoids potential threats from attackers.

Conclusion

Developing an application with the best quality within a limited time and budget can be difficult. However, delivering quality applications faster to the market has many advantages such as, 

• Better customer satisfaction
• You can get early feedback for app improvements
• Helps you to understand market requirements
• Minimizes the chances of app failure

In this article, we have seen how DhiWise can help you to overcome most of the application development challenges and accelerate your app development while maintaining its quality. 

Try DhiWise Today!

The post How to Solve Web & Mobile Application Development Challenges With DhiWise appeared first on Coruscate Solutions.

PWA uses the latest technologies to combine the best of both web and mobile apps. Recent developments in the browser, Push APIs, and Cache allow us to install web apps to desktops, receive push notifications, and even give offline support. 

The name progressive web app might mislead us to the thought that this is limited to web apps, but this is actually the future of mobile apps, we will discuss why in detail in this blog. But before that first understand about PWAs thoroughly. 

What are Progressive Web Apps and how are PWAs different from native and hybrid applications? 

PWAs are apps, developed using contemporary web technologies but provide users a native app-like experience. Almost all PWAs are developed using JavaScript, HTML, and CSS. PWAs have an in-built JSON file, through which devices or web browsers know that they are dealing with PWAs. They work on a script called Service Worker, which is independent of the website and runs in the background to provide advanced features like push notifications, periodic background syncs, and rich office experiences.

Native applications are developed exclusively for a specific platform like Android, iOS, or windows. They interact with the in-built device features such as camera, GPS, etc. Different programming languages are used for native app development on different platforms separately, such as Java for Android, Objective-C for iOS.

Hybrid applications can run efficiently on all different platforms and can be developed by using a single code that is highly cost-effective.

On the other hand, PWAs are websites that have been made in such a way that they are responsive to mobile phones. They do not require installation on a device that saves space and most cost-effective of all. Undoubtedly, PWAs have an upper hand over the other two categories of applications. There are many other advantageous features of PWAs that are going to define the future of web apps, let’s see each of them in detail.

Why go for PWAs in 2020: 

Below are the top features of PWAs which prove that they are the actual future of web apps and you should go for it in 2020: 

⮞ Improved UX:

Users don’t have to wait for the page to be loaded and can enjoy full functionality even with the low speed of the internet with these apps. PWAs are very lightweights, as they don’t consume much space in the device’s internal storage. For example, Tinder’s PWA is a 10% size of its native app. 

⮞ Faster and secure:

PWAs use HTTPS which saves the content from all kinds of tempering. The efficiency of PWAs is highly commendable. These apps load instantly no matter at what speed your internet is working. The major reason behind it is the higher capacity of PWAs for information caching in both the web browser and the app.

⮞ Responsive: 

The responsive design has become a necessary feature in any custom software development these days. PWAs provide a uniform experience over all kinds of platforms as well as devices by enabling their functioning to cross-platform support.

⮞ SEO-friendly:

The PWA URLs are SEO-friendly as they are similar to that of websites. It enables the recording and analysis of user behavior and experience in just a few clicks. 

⮞ Highly cost-effective:

The cost of PWA development is way much less than the native app development for Android or iOS. This is the reason why PWAs are a popular choice for startups and SMEs.

Trends in web development 2020: 

⮞ Accelerated Mobile Pages (AMP):

AMP is a bit similar to PWA, as it speeds up the page performance and decreases the risk of leaving it by a user. The only difference between the two is that in AMP, pages become accelerated due to open-source plugins. Recently, Google and Twitter both have adopted AMP. As compared to full-scope Web development, AMPs are optimized and mobile-friendly pages with convenient design and only basic features. 

AMP plugin saves a lot of costs for companies on UX and reaches users with any Internet speed. As a result, it opens an opportunity for smaller and niche products to successfully compete with huge market leaders. 

⮞ Single Page Application (SPA): 

SPA is one of the latest web development trends that helps to avoid seamless communication with the server and provides better page performance with a high data protection level. SPA eliminates the need to be stuck on the web page and every click on it leads to another web page downloaded from a server. 

SPAs gain their popularity with the rise of JavaScript frameworks. Working with JavaScript frameworks one can intercept particular browser events and request JSON which looks like working with a web application. 

Google pages like Gmail, Drive, or Google Maps, as well as Facebook are well-known examples of SPAs. All these make one thing clear, that in the near future, most functional websites will be developed as SPAs. 

⮞ Serverless Applications:

Serverless technology helps to avoid system overloading and data loss, and it also saves businesses from costly web development. It is supported by major vendors such as AWS. Serverless algorithms were actually built as cloud-computing execution models, in which regular servers could be replaced by clouds that manage machine resource consumption. 

This technology is based on Function As A Service (FAAS) usage, which helps reduce development budgets and strengthens the apps with flexibility potential. 

⮞ WebAssembly:

In web app development, you have observed that the performance is usually compromised, it is due to JavaScript limitations, as it makes heavy calculations slow, and that ultimately affects the UX. This is the reason why most of the popular games are only available as a native desktop app.

WebAssembly has now come as a game-changer, which aims to give native-like performance through web-apps. With WebAssembly, any programming language code can be compiled into bytecode that runs flawlessly in a browser and executes faster than JavaScript. So you can write even performance-critical parts of the app in most suitable languages such as C, C++, C#, Kotlin, Rust, etc.

Major web and desktop browsers such as Safari, Opera Mobile, Microsoft Edge, Chrome, etc. are now making it possible to take UX sky-high with this trendy tool. WebAssembly can even be used in developing Web games, Music apps, P2P platforms, 3D mapping apps, or interactive apps, etc. 

⮞ Micro Front-ends:

Unlike the heavy, monolithic out-dated front-ends, Micro-frontends give more flexibility and scalability. Multiple teams of developers can work on numerous front-end components and then bring them together in a single web app. This technology is now called Micro front-ends.

Micro front-ends help developers to cut monolithic front-end into small simple pieces, and to test and deploy them separately. Developers can also rewrite any component of the front-end, without harming the functionality of the app or the overall UI. Code refactoring and app upgrades also get easier with the help of Micro front-ends.

Different PWA frameworks to look for in 2020:

Angular is a Model-View-Controller (MVC) framework that enables you to write well-structured and easy-to-support code. In simple projects, two-way data binding in Angular will significantly help the developers, as any changes you make to the model will immediately be implemented to the view, and vice versa is also true. However, in complex projects, one-way data binding will save huge time and resources.

To make the most of Angular, the use of Typescript is very important. The Angular frameworks work with regular DOM only, so it causes some limitations.

MEAN stack is one of the most popular ones, that includes:

• MongoDB – for the database
• Express.js – for the web framework
• Angular – for the front-end 
• Node.js – for the backend

In the described MEAN stack, Angular is often replaced with React (a JavaScript library). The MERN stack is a relatively new concept but it has seen rapid growth in the past couple of years.

React beats Angular due to virtual DOM, which enables the faster and easier implementation of changes. However, as React is a library and not a framework, it limits core functionality to some extent, and the developers also have to work with third-party services.

But if you want to make the most out of MERN stack, knowledge of JSX (Modification of JavaScript) is preferable.

»  Vue.js is a younger JS framework, but with higher popularity. When compared to a monolith like Angular, it is a light-weight solution and there is no need to process redundant code. 

Vue.js is also used as a MEVN stack together with MongoDB, Express.js, and Node.js. 

»  Flutter for the web is a great solution in 2020 as the Flutter development toolkit allows building a great UI for any screen, Flutter solution runs flawlessly on a variety of devices, and many more. 

Google will soon launch a new OS called Fuchsia. Currently, its UI and apps are being written on Flutter, so with your flutter app, you get a chance to become one of the pioneers on the Fuchsia OS horizon.

»  Node.js is an important component of all of the above-mentioned stacks. This is an application runtime environment, which is used to build back-ends. The Node uses JavaScript, that’s why it is often used in stacks together with JS frontend frameworks.

»  Django is a popular Python web framework and can be used with any front-end framework. Django offers a number of third-party packages that make it easy to develop any type of website with Django. 

»  PHP is a widely-used programming language for backends and Laravel is one of the most popular frameworks of PHP. Laravel works excellently with Vue.js, Angular, and React. 

Progressive web apps: The future of the mobile web:

Obviously, PWAs are not some recent phenomenon, but the modern developers and investors’ attention on PWA due to its potential to perform high-quality UX close to native app one, fast and secure functionality at considerably lower costs. 

Companies with low development budgets can reach a bigger audience without losing it on the app downloading stage with PWAs. Undeniably, PWAs are quickly becoming dominant in many industries such as e-commerce, news platforms, etc. 

PWAs are arguably the next step in web app development, so the more quickly you will jump to the forefront in your industry, the sooner you take advantage of it. Coruscate is here to help you with the PWA development. 

Contact us now for a free initial consultation and personalized quotes.

The post Ultimate guide on PWA in 2020: What is a progressive web app + Trends in web development 2020 + Why go for progressive web app development in 2020 + Different PWA frameworks + Progressive web apps the future of the mobile web appeared first on Coruscate Solutions.

Mobile apps have now become the fundamental rule for the business to grow. Creating an app for your business will increase the market for your products or services. All businesses, that are looking forward to having an app for their businesses, need to define architectures and frameworks that effectively support app development.

But the path of mobile app development is confusing & tricky. Thus there are some myths about mobile app development that need to be debunked.

Let’s get essential knowledge about some popular myths.

Mobile app development: facts v/s fiction

Myth #1: Great idea is everything

Having a unique idea is not everything, you must assess your idea on various scales e.g. practicality, scalable, useful, reliable and feasible. If the idea is exclusive, there’s a chance that users won’t appreciate it that’s why assessing on different scales is very important.

Let’s take an example of Google Wave. Many people have never even heard the name of the app. It was basically a communication tool, but the idea was so unique that Google couldn’t explain the app to consumers.

Myth #2: Mobile app development is just about coding.

This myth is prevailing in a lot of people. The fact is, before you even get to type one letter of code, you need to consider some of the other crucial steps.

From the basic requirements of having knowledge about Android and iOS development to fully designing an app starting with the initial idea, covering functionality design, graphics & user-experience with higher quality are the essential part of the mobile app development.

Once even coding and testing are done then you need to package, beta test and distribute your app along with a marketing strategy to launch your app in a well-thought-out manner.

Even a simple development of any project comprises project managers, developers, business managers, in-house IT representatives, top management representatives and others. So to bring all the stakeholders on the same page to make the development process flawless requires a high level of collaboration.

Myth #3: The more the features, the better is the application.

It is a very popular and dangerous misconception. Because if you develop an app with a lot of features, an app becomes overly complicated to use and you’ll be also investing in features that nobody probably wants.

This simply means that you are mistaking a feature for a benefit. A feature is the fancy part of an app, whereas a benefit relates to the usability of an app. Features don’t make an app great but benefits do.

Myth #4: After launching an app, just wait and watch.

We live in an advertised society where no matter how brilliant your idea is, it is useless without proper marketing so uploading an app is not the end but a start. You need to publicize your app to keep your app relevant in the market.

According to data from analytics firm Localytics nearly 25% of people abandon mobile apps after only one use. So you need to keep engaging with the users by gathering their feedback and insights such as usage statistics.

Myth #5: Mobile app analytic data will accurately show the app performance.

Mobile app analytics won’t help you to gauge the overall app performance.

What you should be doing is looking for screens with minimal engagement, locating the complex engagements, measuring and comparing your app performance on different screens and identifying the screen at which the users leave the app to keeping up with the app performance.

Myth #6: User ratings will increase with high-quality graphics.

Certainly quality of graphics is an important factor in user rating but it is not the only factor.

There are many other important things that contribute to an app’s success e.g. User interface (UI), User experience (UX), easy to use.

Also it is very important that your app defines its purpose clearly because otherwise your users may get confused and uninstall it.

Myth #7: Marketing of an app is a costly affair.

Well paying high for marketing is an easy route to take as it will instantly increase the downloading number but surely not the effective one as it won’t ensure user retention.

There are many free mobile app marketing options are available like Facebook marketing, promoted tweets, boost positive reviews & ratings, email marketing, optimizing your app for app stores, etc.

Developing a high-end and feature-rich application and relishing your first set of customers is very important to have a successful app.

Myth #8: Mobile App Development has a fixed cost and fixed time frame

There are many people, who make a mistake of correlating the physical size of a mobile application with the development time and cost.

But the fact is that the mobile app development process consists of multiple steps such as analysis, design, development, release and measurement. Thus becomes a time-taking task. Based on end-user feedback, features may be eliminated or added which can again alter the time and cost for development.

But developers will give you an estimated cost in advance, so it can help you to make a budget for your project.

Summing up:

Well, these were some of the myths related to mobile app development that needed to be burst to save an app from getting lost in the competition. If you are a businessman and looking forward to having your own application, you can get in touch with the Coruscate, a leading mobile app development company that has huge experience in the mobile industry.

If you have any queries regarding mobile app development then feel free to contact us. We can also give you a personalized quote and app demo.

The post Breaking up popular Mobile app development myths and revealing the truth behind them appeared first on Coruscate Solutions.

• The on-demand platform uses AI and ML to help match students with tutors, enable proper answers for the questions asked and resolve student’s issues
• The machine learning technology has been specifically introduced so that the tutor can match the student based on the educational pattern, the style of learning, subject and availability
• The student’s favorite list is also considered when matching the students with the tutors. This is based on certain criteria such as elaborate answers, long or concise responses, etc.

There is a certain criteria using which the tutors are selected for the on-demand tutoring session.

• The app will consider university transcripts as well as the public exam results before hiring the tutors 
• They will also put them on probation period to understand how the tutors work. This will help them understand whether the tutors are capable of handling online tutoring or not
• At the same time, the tutors can talk to around 10 students and resolve their queries.

The idea behind using technology to match and enhance the platform to help the students meet the tutors is to create a holistic learning experience.

At the moment, the company has around 3Mn students, and they have their operations in Taiwan, HongKong, Malaysia, Indonesia, Thailand, Japan, and South Korea. 

With the increasing pressure on the students and the need for an app solution that can help students meet the rising demands of the education industry, Uber for tutoring has found its place.

Develop Alternative app of Snapask, How to Make an e scooter App Like Snapask, Snapask alternative app features to consider

The On-demand Tutoring Market

The global online tutoring market is said to grow by $112.14Bn between 2019 and 2023.

Majorly, there are two types of online tutoring- asynchronous learning and synchronous learning, wherein you can opt for courses that are short-term and long-term.

With the growing and evolving nature of education, new learning methods have come up. K-12, one of the most prominent among them, will see a growth in the online tutoring market by $60Bn by the end of 2023. A good 12% CAGR is forecasted during the period from 2019 to 2023. 

With an increase in on-demand tutoring and the growing need for a differentiated education system, education is seeing an on-demand disruption. 

If you have an online education business and aim to create an on-demand tutoring app, then there are a few things you might incorporate, based on your learning from Snapask.

Must-have App Features for On-demand Tutoring App

#1 Find My Tutor

Find your tutor, and locate them based on the course, hourly rate, their expertise, subject handling approach, etc. Based on the complete list, you should be able to hire them for a particular period you need. In some cases, you won’t need them to tutor you in the subject but, you need them to answer a particular query. You should offer this option in your app through the “find my tutor” feature

The student should be able to compare the tutors based on their ratings, reviews, approach, feedback received, educational background, etc. 

#2 Booking Options: In-person/Video

The second feature you ought to offer the end-users would be the option to avail of the class. Whether the user wants to hire the person for in-person tutoring or a video-based session? Depending on the availability, the nature of class and other details, the user would be shown the tutors available for hire. They can easily book a session using the app for a select time and date. The feature should ensure that bookings are easy and hassle-free.

#3 In-app Messaging

Connecting with the tutors or in case of tutors, with the students, is important for the proper functioning of this app. If the student has a one-off question or just wants a query resolved, then they can use the in-app chat feature for the session. Apart from the queries, if they need any kind of support, the in-app chat will help them avail of the support immediately. This will benefit the students when they an immediate query for resolve

#4 Profile Details

The profile feature allows the students and tutors to know in detail about the other person. the tutor’s subject expertise, availability, reviews, and ratings are made available to the student. Similarly, the tutor will also get a detailed view of the student’s profile, which will also contain the feedback they have received.

#5 Alerts and Reminders 

Real-time reminders are excellent for the on-demand tutoring app. The alert could be a simple reminder of the next session, availability of a particular tutor, the answer to a question you had posted, the message from the tutor and others. you can even include reminders for appointments, payments, schedules, etc. using the app.

#6 Cashless Payments

The app should allow payment options, which ensures that the user can pay using any method including online, cards or cash. The convenience offered by cashless methods helps ensure real-time payments that are instant and easy. You should ensure that the app has integrated the important APIs for easy and hassle-free payments. 

Secret Ingredients for a Successful App

• Enhancing Communication: This plays an important role in ensuring that the app is successful and easy to use. The convenience of having a comfortable conversation, and ensuring there is no disconnect between the people communicating is essential for the success of the app. For instance, if the student has scheduled the session for a particular time and date, the app should ensure that the same is communicated to the tutor. The app should also send reminders to the concerned party so that both are on the same page. The tutor and student should be able to communicate with each other at their convenience. For instance, offering video or chat facility in the app can increase the communication ability for the app.
• Experiential Tutoring: The idea is to enhance the on-demand tutoring market by creating an app that will serve both the users i.e. the students and the tutors. The tutors who have signed up should be able to identify students looking for online tutoring options. This will help them freelance and earn without investing in commute time. the students should be able to find tutors who can offer complete coaching into the subject. The app should accept tutors who have the subject expertise and who have identified ways to teach the students. In short, you should ensure that the app is engaging and usable for both the tutors and students. Apart from this, you should ensure that the rates are win-win for both parties so that there is an increase in conversions. 

How to Create your Own On-demand Tutoring App?

When it comes to developing an on-demand tutoring app for your business, there are a few things that you need to consider.

• What is that single big idea that will help you serve the users of the application- the tutors and students?
• What problem are you planning to solve with your app, and how do you aim to differentiate your app?
• What model will you use to make money from the on-demand tutoring app, as profits are very important for any business?

Coruscate can help identify and validate the big idea and help develop an on-demand app for tutoring from scratch. With our experience in the education industry, an in-depth understanding of tutoring apps, and expertise in devising app solutions that resonate with your business goals, we aim to create a sound solution for your business. 

If you have identified the market gaps, and the solution you aim to offer, collaborate with us for the best solution.

Note: We do not make clones of any exact application, clone means to us is how better we can execute your app idea with existing app features and experience.

The post On-demand Tutoring App Snapask raised $35Mn in Series B Funding. Lessons You Can Learn from Snapask + How to Make an App Like Snapask + Create an App like Snapask + Apps Like Snapask + Develop Alternative of Snapask appeared first on Coruscate Solutions.

FinTech has always been a part of the discussion these days. But what exactly is FinTech and what do the startups need to know regarding the growth of FinTech and why is it being told to gear up and hire Fintech app developers to embrace the new world of FinTech?

Due to the continuous growth of mobile and the internet in the past few years, the thought process of the businessmen and entrepreneurs has changed in a lot of ways. They are thinking like never before. Customer is the main focus of the ideas in the new era and everyone is working towards providing customer satisfaction. The entrepreneurs in the financial sector are embracing technology in order to provide the customers with the ease of accessibility and solve the problems faced by the users during their daily transactions. People these days are trying to disrupt the traditional methods in the finance sector by implementing the technology.

The technology, like never before is trying to compete and emerge victoriously when it comes to delivering the financial services.

There are many FinTech apps coming up in the market daily with some ideas to improve customer service with their newly launched technology. Here is a graph from Statista showing the growth in digital payments over the year.

Here is a chart from a Statista report showing the global transaction value until the year 2021.

After the last decade witnessing a considerable disruption in the traditional banking industry, there has been tremendous digitalization in the areas of payments, lendings, wealth management and even the retail banking. The change has not been limited to the FinTech industry only but it has been welcomed by the e-commerce industry as well.

Various countries are adopting and accepting the new ways of digital payments, lending businesses, and mobile wallets. There are a lot of lenders coming up with the growing technology in the developed and the emerging nations as well. These lenders make money by charging a fixed service fee from the borrowers or charging the partner banks with some transaction fee.

According to a report in Statista, both the domestic and international digital transfers is growing day by day be it in the US, the UK, India or China. There is an increase expected in this sector of the market from US$151 billion to UD $381 billion in the year 2022. The blockchain fundings are also going up with 144 startups managing to raise US$640 million in the year 2017.

That been said, in the continent of Asia, Fintech is still hot and rising. New startups are making their way in the competition and going up the chart. ZestMoney, an Indian startup is the latest example in support of the point. According to a report in Techcrunch, ZestMoney has raised $20 million funding in its Series B round to grow its digital lending services. The recent funding takes the startup’s funding to a total of $42 million.

What is ZestMoney?

Precisely, ZestMoney is a payment platform in India. It allows the customers to buy items on EMI without actually using a credit card.

ZestMoney was founded by Lizzie Chapman along with Priya Sharma and Ashish Anantharaman in 2015. Lizzie is the current CEO of the company with Priya being CFO and COO and Ashish is the CTO of ZestMoney startup. They met when Lizzie moved to India from the UK, working at Wonga. The previous venture, however, ended up.

ZestMoney, unlike Wonga, is absolutely customer-oriented loans company. The company works with customers who do not have any credit card or have a limited credit history. They work with the consumers who often have limited assessable data and help them to build a profile which makes them credit-worthy. ZestMoney was selected as the Fintech Startup of the year in the India FinTech Awards (IFTA) 2017 which were organized by India FinTech Forum.

Working of ZestMoney

The number of debit and credit cards is increasing day by day but most Indians still prefer debit over credit cards. According to a report by Reserve Bank of India 661.8 million people used debit cards whereas only 24.51 people used credit cards. Customers are unable to buy the online products on EMI more often as they do not have a credit card.

To resolve this issue, the ZestMoney platform aims to provide a cardless EMI option for such users. The platform allows users to buy smartphones, electronic gadgets, jewellery, and other such high-priced products from the partner merchant’s website. These EMIs can be paid in easy without the involvement of a credit card.

The process usually begins with small loans which when repaid successfully, the loan grant amount grows. There are more than 800 merchant partners which include Flipkart and Amazon as well. Generally, the transactions are carried out online. However, Xiaomi is another partner helping ZestMoney to go for offline transactions too.

Banks are not usually benefitted with small loans but when some FinTech startups like ZestMoney are involved, these startups manage to aggregate the smaller customers to make them an attractive partner at Bank scale.

Scope of FinTech app development

According to the CEO of ZestMoney, the new age FinTech industry is really optimistic and offers good opportunities. Being a startup, if you need an idea for getting your feet wet in a business venture, think about the rising FinTech market in Asia and the US. This might prove an opportunity to make it big in the money market. All you need is to hire expert FinTech app developers who can help you build a good online presence with an app with unique features keeping in mind the details of your business.

We have entertained over 5000 FinTech app development queries and have proved that we are the best when it comes to mobile app development by developing over 200 + successful projects. Connect with us for further discussions regarding the cost and ask for a free demo of the Fintech app.

The post Reasons to get ready with FinTech app development, and how ZestMoney is providing cardless EMIs appeared first on Coruscate Solutions.

Taxify is a ride-hailing company which previously provided private cars for their customers. They have rebranded the company as Bolt and are now planning to enter the electric scooter rental business.

When CEO and Co-founder, Markus Villig was just 19 years old he wanted to start in the tech industry. Convincing the drivers to sign up for a new service was a tough job but Markus with his older brother and co-founder Martin was trying to get his startup Taxify to pick up the pace. While telling the story of Taxify, he recalls it took him several weeks to convince his parents to grant him the money that was kept for his education.

Bolt (Taxify) aims to bring fast and accessible transport to millions of people worldwide along with helping thousands of drivers support their families.

Today, Taxify is the biggest rival of Uber and other ride-hailing companies across the world. It is supported by Didi and Daimler and has raised $175 million in funding led by Daimler in the year 2018. This took its valuation to $1 billion.

Taxify changed its name to Bolt, which it has been using for its new electric scooter service to provide both the services – taxi service and e-scooter rental service under the same name. According to an article in TechCrunch, they have changed the name as the company started talks about another fundraising round. The CEO explained that he was sure that the future is all about electric vehicles and wanted a name that suggested the same. At the same time Bolt also means speed.

Taxify basically is a ride-hailing company from Estonia. It is active in around 30 countries and more than 100 cities across the world. Some of the countries where Bolt is currently active are Australia, Austria, Azerbaijan, Croatia, Cyprus, Czech Republic, Finland, France, Georgia, Ghana, Hungary, Iraq, Kenya, Latvia, Lithuania, Malta, Mexico, Nigeria, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Slovakia, South Africa, Tanzania, Uganda, Ukraine and United Kingdom.

The has more than 25 million users and here is the report by sensortower about the last month downloads. Taxi ranks second after Uber in terms of downloads in Europe.

Unlike Uber, Bolt has never tried for global domination and never spent so much over launching aggressively to gain first-mover advantage. In fact, they have done the opposite. Markus believes that being the late entrant in the business can prove advantageous for him. In the future, they are planning to partner other players with self-driving technology in the future. As of now, they are investing in trying to provide multiple-service rather than self-driven cars.

Recent Business development of Bolt – Updated on 11-July 2019

Uber and Lyft going public have put closer public inspection on the ridesharing business. But there has been a tremendous effect on the level of competition in the space. According to recent reports in TechCrunch, Bolt has opened its business in London and it has a number of emerging markets. It has completed the first tranche of its latest round of funding. Bolt plans to fuel its international growth and for that, they have the equity injection with an increase in valuation of Bolt to more than $1 billion.

They have new funding supporting their recent launch back in London. The company also plans to expand further in the year 2019.  The Series C round is expected to have a tranche around €60 million ($67 million dollars) which is a bigger round with an aim to be in the region with the 100 million. Bolt has generated funding of $185 million with its last huge investment. The investors for its latest funding rounds according to TechCrunch are Nordic Ninjas, a new fund out of Sweden backed by a number of Japanese LPs. They are investing in the Northern European startups and Bolt is based in Tallinn. Involvement of G Squared, which has been a part of a number of growth rounds for a range of fast-growing and large tech startups, including Pinterest, SoFi, Airbnb, Coursera, Spotify, Postmates and Instacart and now in Bolt is making it clear that there is a huge sum of money involved and the competition is going to be really very tough. 

In the future, Bolt can also have a chance to explore the Japanese market to mark its first move into East Asia. This can complement a trail that involves a mix of developed and emerging markets in Western Europe, countries in the Arabic world, Africa, Eastern Europe, Western Asia, and Australia.

Japan is one of the powerful and developed countries which has till now outlawed ridesharing businesses. So, companies like Uber have followed another business model to enter the market which includes partnering with the established taxi companies in Japan. Bolt runs a plan based on the same idea, which helps it to grow quickly in the emerging markets. 

Bolt’s growth is majorly due to the focus on the business markets that have a lot of scopes and growth. They look for the markets that do not have widely-available ridesharing businesses already competing.

Features of Bolt Taxi app and Electric scooter app which you can include in the Bolt clone app or Taxify clone app

Here is how you can request a ride with the Bolt app:

» Open and set your destination

» Request a driver for pickup

» Check your driver’s arrival in real-time

» Enjoy the ride

» Pay in-app or in cash

» See the ride estimate, and know how much you will be charged in advance.

» Set your pickup location even if you don’t know the exact address from where the driver should pick you up.

» You can rate your driver and the service.

» You can add your credit card to your account and receive the receipt in your email after each ride.

To use Bolt electric scooter, you need to switch to the scooter mode in the app.

» You can find the nearest Bolt electric scooter on the street through the Bolt app.

» Scan the personal QR code in your Bolt app to unlock the Bolt scooter.

» Ride the e-scooter.

» Once you reach your destination, end the ride using the app and park the electric scooter safely.

» They encourage the riders to bring helmets to stay safe while riding and follow the traffic rules.

» The scooters should only be driven on bike lanes. The rider should pedestrians on sidewalks. They also encourage not to leave the scooters out of the city zones.

» The scooters should not be parked on the public pathways. They should be parked by the racks when available.

You too can make a two in one – taxi and electric scooter app.

The ride-hailing services are at the peak of success. There is without a doubt, a lot of scope in both the businesses. If you are in the transport business, instead of developing a taxi app or e-scooter app differently, you can develop a Bolt clone app to serve both your purposes and reach millions of customers across the world who wish to opt for an on-demand taxi or e-scooter.

Coruscate has a team of researchers who are always up-to-date with the new technologies and features that can be added to your taxi booking app and e-scooter app. When you come to us with a query, one of the members of our research team along with the business analyst and the developer understand your requirements in detail and then suggest you the best possible solution for your business. We believe in not just delivering the project but growing together. We have developed more than 50 apps for ride-hailing services including electric scooter apps and taxi apps. You can request a free demo through our contact us form.

Get in touch with us to check free Bolt clone app demo or cost estimation.

The post Taxify – changed its name to Bolt to provide taxis and e-scooters both, you too can provide multiple transport options under a single app appeared first on Coruscate Solutions.