Stock markets are tough to handle. But is it not great to have an automated interface to check out the stock market for you!

Strattyx is a trading interface that enables you to set up an advanced “if-this-then-that” precepts and complete purchases on the stock market. many brokers enable you to buy and sell your shares via a mobile app or a web interface. But if you wish to offer an exceptional model or tools with automation strategies then that is what you get through Strattyx.

The company is trying to take the automated trading software to everyone from non-professional traders who have a few savings and to professional day traders. The startup concentrates on this particular part of the process. They are not trying to become an online stockbroker. The company, however, is collaborating with the current brokers, such as Robinhood, TD Ameritrade and many others by offering trade through an API. The startup basically acts as an interface and completes the orders on your part.

Apart from the traditional stop-loss and stop-limit orders, the interface also allows the users to buy or sell shares and also if there is some event on Twitter about the stock market.

There are a few examples of rules that the users can create which allow people to sell or buy stocks when a certain condition gets true or false.

Impressively, StrattyX will present a marketplace of tactics. If any lead investor begins to use a fixed set of automated rules and allow other users to follow the same strategy.

The startup moves one step ahead by providing the tools to train a model using machine learning and user-generated data sets. There is a great feature where a user can upload a .csv file with price history and different types of data points, such as SEC filings, earnings, etc.

As for further advancement, the company is planning to introduce a feature that would allow the users to check news headlines that could be rated with a Tinder-style swipe gesture where the users could swipe right if they think it’s good news or they could swipe left if they think it’s bad news.

The company has recently launched a mobile app which is still in its minimum viable product stage. They are also working on the desktop version. The cost of using the app per month for one user is $5. But they have even expensive plans for bigger teams which complete many orders through them.

What is the scope for Fintech apps like Strattyx?

 
There a lot of challenges that banks and the whole finance sector are facing. The effective supervisory environment and the rise of technology in everyday banking projects are transforming the way we bank. They are also catering to the fast-evolving via technology. This is where the Fintech apps make a difference.

The increasing usage of mobile devices and technology-based solutions is driving the requirement for financial and banking solutions. As Banks and firms are investing heavily in technology solutions, it has become the chief growth driver for the global FinTech market, which will fasten its worth at around USD 305.7 billion by the year 2023. The growth is expected at a CAGR of 22.17% during 2018-2023.

The various services provided in the fintech sector are regtech, payment/billing, insurtech, money transfer/remittance, mortgage/real estate, stock market, and other such services. Out of these, the payment/billing services segment is anticipated to stimulate significant growth in the global market, driving to a revenue generation of USD 207.11 Billion by the year 2023.

App Features we provide for your Fintech app like Strattyx / Strattyx Clone app :

 
» Dashboard

The dashboard is where an investor gets to check out everything regarding order status, watchlist, balance, charts, holdings, etc. As the screen will have loads of data so it is necessary to arrange it in a proper way in order to not confuse the users.

» Portfolio

This is an important feature for the investors to design and manage their portfolio without depending on any third party agent. You can even add the sort or filter feature to make the data finding easier.

» Latest Market Data

Your app should have the latest market insight to support investors to check out how their stocks are working along with vision regarding all stocks that are trending in the market.

» Stock Trading Functionality

Stock trading is essential to allow your users to get the complete process of holding, buying, and selling the fund a hassle-free experience for the investors.

» Fund Transfer

Fund transfer is an essential feature of your FinTech app as transferring funds from the users’ accounts into the application to then use in trading of the stock can be one way of carrying out cashless transactions. You should have a safe platform that would help it in making secure for users to transfer funds in real-time.

» Watchlist

To keep a track of the stocks which interest your users, there should be an option of watchlist made available to the users so that they don’t have to search for each of it separately.

» Synchronization

To create a trading platform for more than one device, the app should have a synchronization facility.

Along with all these features, having a great UX is the best asset for your app.

Why choose Coruscate?

 
We have various white label solutions to offer for your FinTech apps. If you are thinking to develop a Fintech app for your business, we can assist you with the market research, business models and the technology stack that your app needs. We have the best team of researchers and developers to help you out in developing a Fintech app that could take over the whole market. Also, our white label solutions are 100% functional and customizable according to your business needs. You can connect with us for further information regarding the Fintech app development.

» FAQs

What are the challenges faced while developing the stock market FinTech apps?

 
Developing a stock market app comes with a number of technical challenges. There are multiple tests conducted that make real-time data usage difficult. There can be issues with the real-time values of stock values and buying and selling stocks. You can connect with us to know more about solving these technical issues.

How can AI and machine learning be used in the Stock market-related FinTech apps?

 
Artificial Intelligence is one of the most significant disruptions that is seen to be embraced by the business economy very well. The FinTech centric industry is using AI and machine learning to improve their processes via Algorithmic trading and better targeting. This also allows for better customer support. If you wish to integrate AI in your FinTech app, schedule a free consultation session with us and ask for a free demo of the app.

The post Make Buying and Selling Stocks easy with a Strattyx clone app using automated rules appeared first on Coruscate Solutions.

Rakuten is a Japanese eCommerce company which has Rakuten Wallet as its subsidiary. The company has launched an application to enable trading of cryptocurrencies.

Rakuten’s plans to enter the crypto industry for a while. The eCommerce giant kept its aim to acquire ‘Everybody’s Bitcoin’ crypto exchange. The company has planned to release its cryptocurrency under the name of Rakuten Coin.

The cryptocurrency exchange wallet offers three cryptocurrencies. They are Ethereum, Bitcoin Cash, and Ethereum. The app will be made available to the customers who bank with the company’s online bank. They have an application to carry out this process which will be first launched on the Android platform and later on the iOS platform.

Rakuten partnered with a Silicon Valley housed cybersecurity firm, CipherTrace before the launch of Blockchain-powered mobile wallet. They wanted to help the later firm with global regulatory compliance formalities. They also wanted to do this in order to improve the app’s security features.

Before Developing Rakuten clone cryptocurrency trading app

 
Learn more about Rakuten group’s journey

The commencement of Rakuten Group’s Blockchain Journey

The company is not just limited to eCommerce but it currently offers 70 different services. These services include travel, communications, and digital content, FinTech. The numerous services offered by the group are linked through membership that centers around the Rakuten members.

This circling improves a cross-use venture by the users who communicate with the group’s services. Looking at the prevailing inter-connectivity in its services, the company has laid the grounds for Rakuten Blockchain Lab.situated in Belfast, UK.

The lab is basically dedicated to R&D organization and researches on the usage of the Blockchain technology. The lab mainly focuses on the flourishing role that cryptocurrency-based payments play in offline retail, P2P payments , and eCommerce.

The same focus has led the company to enter the cryptocurrency exchange market. The firm believes that for providing smooth cryptocurrency payments they need to compulsorily offer cryptocurrency exchange functionality.

In addition to this intensive focus, many of the Rakuten customers including especially the foreign exchange users of Rakuten Securities are demanding the provision of a cryptocurrency exchange service.

The Rakuten wallet move gets much backup with the promise of the rise in demand for the Blockchain technology. There has been a huge increase in the online wallets and cryptocurrency exchange. This depicts the scope of cryptocurrency wallet. This can be a very profitable area worth venturing for the newbies.

The customer funds will be held independently from the company’s own funds. The customer fundings will be held in cold wallets. These wallets will be supporting private keys that use a multi-signature scheme. The company has kept the security of the customers as their priority. So, all transactions, including logging in, withdrawing money and withdrawing assets need two-step authentication.

The company stated that the customers who have a bank account with Rakuten Bank will be able to open a Rakuten Wallet account easily. Also, the people without a Rakuten Bank account cannot currently use the service.

The signup guide page in Japanese depicts that a “Rakuten Bank account is required to open an account.”

It is still not clear if the company has an intention of expansion or not is unknown. Rakuten has more than 1.3 billion customers worldwide. These customers offer a wealth of opportunity for the company. This opportunity is in terms of the new service as well as the potential to sign up millions of users.

The services are free at the launch to make them appealing offering even if it only supports three cryptocurrencies.

Rakuten Wallet aims to further expand the lineup of the services in order to provide the customers with secure and comfortable transaction services.

Though Rakuten has offered exchange services this is not the first time that it has put its feet forward in the space of cryptocurrency. Rakuten has accepted Bitcoin as a payment method from the year 2015. It is the first major company which has taken this step.

The company also took over a minor cryptocurrency market called Everybody’s Bitcoin in the year 2018 for $2.4 million that it may have used to power Rakuten.

Rakuten is called as the “Amazon of Japan“. They have recently declared the launch of its new crypto exchange platform offering spot trading of crypto assets. These will be carried out via a dedicated smartphone app.

The e-commerce company has been crypto-friendly for some time and it is experimenting and advancing in crypto payment systems since at least 2014. The launch of wallet exchange service has made it possible for the users to buy, sell, and exchange BTC, BCH, and ETH, as well as utilize fiat off-ramps to personal bank accounts. Other dangerous forces in e-commerce are working hard to jump on board the crypto chain as well.

“Rakuten” means “optimism” in Japanese. The e-commerce leader has been pouring all its efforts in the blockchain and crypto development over the past years. The company has over 17,000 employees worldwide and they had over $10 billion in sales as of May. The company has a market cap of $14.5 billion. Japan’s internet commerce behemoth is universal in the land of the rising sun, and outside.

While building a cryptocurrency app you should also check out its Operational scope:

The most important thing to take into consideration while developing a cryptocurrency app is the operational scope of your cryptocurrency exchange. This is vital as you will be needed to get significant approvals according to the operational scope. You will have to consider the licensing and registering the switch according to the local or global laws.

» Liquidity management

Liquidity is an essential perspective for the success of a cryptocurrency exchange business. The businesses at an exchange drive its liquidity situation. No cryptocurrency exchange can survive without bustling trading activity. There is a need to integrate your cryptocurrency exchange’s liquidity position to other existing exchanges.

There are many other important factors like Regulations and compliance, Cryptocurrency support and other such more. If there you are interested in building a cryptocurrency app, you can get information regarding the features and the business module by connecting with us for a free consultation session.

The post Rakuten Launches a Mobile App For Trading Cryptocurrencies appeared first on Coruscate Solutions.

If you are still paying $7 to $10 per trade while using some sort of stock trading app, you might not have heard about the Robinhood stock trading app! It is the app which was built around one single promise – free stock trading. However, there is a major catch here and you have to know about it if you are an entrepreneur and planning to hire FinTech app development company to develop a stock trading app like Robinhood.

Fortunately, we have covered it for you in this blog, along with the features of Robinhood app, it’s funding details, success story and cost of FinTech app development.

So, without any further due, let’s proceed.

Insight into Robinhood, a stock trading app

 
Robinhood Markets Inc is the American financial services company which is headquartered in Menlo Park, California. It was founded by Baiju Bhatt and Vladimir Tenev on April 18, 2013. The company offers a robust app named Robinhood that enables users to invest in public companies and exchange-traded funds without paying a commission. Robinhood is a FINRA – approved broker and it also holds the business operational licence from U.S Securities and Exchange Commission.

According to recent news, published in Techcrunch, Robinhood has now been authorized by the Financial Conduct Authority to operate its stock trading business as a broker in the UK. Robinhood also announced Wander Rutgers as the president of Robinhood International and he will lead the U.K business of the company.

However, Robinhood’s journey into the European market is anticipated to be not as successful as the American market as another free stock trading app, Freetrade, has already been performing well in European countries.

Robinhood – Timeline

 
Though many other stock trading apps like Robinhood have intensified the market, Robinhood still holds the throne of being the top stock trading app. It has educated people to trade efficiently. In fact, many entrepreneurs got an inspiration to develop such revolutionary FinTech app from the working model of the Robinhood app and its success story. So, even if you are having cold feet over a thought of jumping into FinTech industry with a stock trading app, here is the business story of Robinhood which may inspire you!

• In December 2013, Hacker News published the first article about Robinhood and it soon went viral. As a result, many other leading online media houses like Techcrunch, VentureBeat and TheStreet wrote about Robinhood and made it live on their websites.
• In just 30 days, the company acquired 100,000 users.
• In mid-to-late February 2014, both founders of Robinhood were interviewed by CNBC and Bloomberg TV.
• By September 2014, more 500,000 users requested to join Robinhood.
• As of January 2015, Company announced that almost 80% of their users were millennials.
• As of February 2017, Robinhood traded more than $30 billion.
• In April 2017, Robinhood raised $110 million at the valuation of $1.3 billion.
• In January 2018, Robinhood introduced commission-free cryptocurrency platform.
• By February 2018, 3 million users were using the Robinhood service.
• In May 2018, Robinhood closed yet another successful funding round – $336 million series D, at the valuation of $5.6 billion.
• In July 2019, Robinhood raised more $323 million at the valuation of $7.6 billion.

A very profitable business model of Robinhood which you can also follow

 
Here is the fun part!

Unlike any other business, Robinhood didn’t follow the trend and crafted their own business model which is admirable in so many ways.

Robinhood generates the majority of its revenue from its premium service – Robinhood Good. This premium service which costs a minimum $10 per month, gives double buying power and access to after-hours trading.

Robinhood is also making money through users’ money. Meaning, it collects interest on the unused amount users usually keep in their Robinhood accounts.

And the catch we are talking about in the first paragraph is finally here. Robinhood is commission-free and it should be. But the way it survives while not taking the commission is really interesting. Whenever a user invests using Robinhood app, top trading firms like Apex Cleaning and Two Sigma pay money to Robinhood. Which means users are not purchasing the shares from the stock exchange but from these trading firms.

Why it is a safe bet to develop a stock trading app like Robinhood

 
With the thriving startup culture, more and more companies are going public. This new ecosystem has boosted stock trading in recent time. According to a Bankrate Money Pulse survey, around 48% of Americans own stocks and trade stocks fairly often.

However, the conventional stock trading methods occupy a list of disadvantages. In contrast, a stock trading app like Robinhood offers many advantages such as lower fees, more control and flexibility, access to online tools, and options to monitor investments in real-time. Because of this many advantages, it is very obvious that you will not be the victim of a thin market problem if you hire FinTech app development company, develop a stock trading app and deploy it in the market.

But FinTech app development isn’t as easy as it sounds. You along with FinTech app development company have to pay heed to so many things and the feature set is one of them.

In the next section of this blog, we will discuss top features which you have to accommodate into your stock trading app. But to make this learning rational, we will study the user journey of Robinhood.

Features which you have to integrate into your Robinhood clone stock trading app. Or User journey of Robinhood

• When a user opens the app for the first time, it asks him to set app locking mechanism – either a touch id or password.

• The next thing the user has to add to the app is the bank details. User can add money from his bank account to the Robinhood bank account. He can even schedule the periodic deposit into Robinhood account.
  
• After adding all these details, the account is now ready and it looks like the following image. It shows you the money you own in the Robinhood account and the money you make every day. From the same window, the user can also view his previous stock trading activities and earning details.
  
• User can search the specific stock by clicking on the search button.
  
• Now, when the user clicks on the stock, it presents all details of that stock like following. Without switching to another screen, the user can buy that stock from this screen itself.
  
• By scrolling down, user can explore a page which contains all recent news on the stock user has just searched for.
  
• As soon as the user clicks on the buy button, it lands him on a Market Buy page. Here, he can select the number of shares he wants to buy.
  
• When the user types the number of the shares he wishes to buy, it shows him the cost of it. To confirm the purchase, he just needs to do swipe up.
  
• User can buy the stock before the market is open. Robinhood will submit your request and purchase the shares for you automatically when the market opens. When the market is not open, the app’s background appears black, and when the market opens, it looks like the following screen.
  

How much does it cost to develop a stock trading app like Robinhood?

 
Coruscate is the top FinTech app development company which entertains numerous amount of queries related to FinTech app development such as eWallet app development, p2p lending app development and stock trading app development. Our highly qualified developers and designers will satisfy all your needs in the best possible way and develop one of the most robust stock trading apps. We even have successfully achieved API integration with Nordic banks.

With our rapid app development technology, we can develop and deliver your FinTech app within 45-55 business days and under $10k.

To know more about the stock trading app features and ask for a free demo with a free consultation, contact our app scientist and business expert.

The post FinTech app development: How much does it cost to develop a stock trading app like Robinhood or Robinhood clone app? appeared first on Coruscate Solutions.

Apple has redefined the FinTech industry by rolling out the credit card named Apple Card that strengthens users’ ability to pay for goods and services in a very hassle-free way. However, Apple hasn’t made it accessible for all. As of now, only those users who have signed up to be notified about the release of Apple Card are getting the opportunity to apply for the card straight from the Apple Pay app. They are even getting the option to order a physical Apple card.

Here, it is worth to mention that Apple will fully roll out their card later in August and it will require the latest version of OS (IOS 12.4 and up) to operate.

Apple isn’t the sole player who distributes credit card with the mobile app to the users. There are other financial institutes and FinTech startups like Revolut have already set the example of creating best shopping experience in the world with the robust FinTech mobile app and a smart credit card that connects with the mobile app and makes spending trackable. Then why everyone is talking about Apple Card? What is the big deal with Apple Card? Is it just hype or it is actually going to transmute the FinTech market landscape? Let’s find out.

What is the big deal with Apple Card?

 
The ‘thing’ Apple has rolled out today, has already had existence on our planet earth. And Apple knew it. So, rather than shaking it up, Apple brought innovation in the software part – Apple Pay app. They have redesigned the app and accommodated some of the most unique features into it. Following is the list of new features Apple has introduced. If you are an entrepreneur and planning to develop a FinTech app, then you have to chew over this list.

• One of the most prominent features of the Apple Card – enabled – Apple Pay app is the live heat map. As you can see in the following image, the clever mechanism gives users the live heat map of spending in different categories. The colour of this virtual card shifts according to the different kind of things you pay for. For instance, if you are paying at a restaurant using Apple Card, this virtual card on the mobile app screen takes on an orange hue. And when you pay for entertainment-related items, the card gets a mixture of orange and pink colour.

• In addition to the live heat map feature, Apple has also delivered a new reward program. Now, you can get cashback based on the percentage of the purchase you make in three categories. These three categories are Apple store (3% cashback), Apple Pay purchases (2% cashback) and paying through Physical card (1% cashback).
• The payment interface is also unique. They have designed it in such a way that it helps you to not pay interest or pays interest as minimum as possible. On the circle-shaped interface, it arranges 1-3 markers which exhibit the payment you need to pay off minimum, minimum with no interest and in full.

• Like all other products, in Apple Card too, they have successfully imposed the feel of the next-gen feature! To activate the Apple Card, users just need to take their mobile phones near to the cards. With the NFC technology (which is there in both Apple Card and iPhone), users cannot only activate the card, but they can pay without even touching the card. Watch the following video that presents the process to activate the Apple Card, to understand how NFC technology offers ultimate convenience to the users.
• After reading so far, hopefully, you successfully manage to find out that one unique Apple Pay’s attribute which is neither a feature nor a flawless UI, but a technology which makes features work. Yes, we are talking about NFC technology. It is one of the most noticeable technologies, fueling many top FinTech apps. You can also develop NFC enabled FinTech app to have 50% more usage rate than your competitors.

What is NFC technology?

 
NFC (Near Field Communication) technology is the communication protocol that establishes the connection between two electronic devices. In the FinTech industry, the use of NFC is flashy. It enables users to pay via phone by just taking it near to the merchant’s point of sale system. Most popular eWallets such as Apple Pay and Google Pay are armed with the NFC technology.

However, mobile phones should have an NFC chip inside to make contactless payment work. But it is no longer the major concern for NFC-enabled payment app owners as the majority of mobile phone manufacturers assemble mobile phones which are equipped with NFC chip.

Why you need to develop NFC enabled Fintech app like Google Pay and Apple Pay?

 
Following image clearly depicts that NFC transaction value is going to reach $50 billion in 2024. Do you know why? – Of course, because of its unique characteristics. You can also derive many benefits from these unique characteristics.

» More security

 
In the FinTech industry, security is still one of the major challenges. Many people still not prefer to use some sort of eWallet apps to make a payment over security concerns.

Meanwhile, NFC technology has risen as a ray of hope. It can make the online payment environment safer with its exclusive abilities.

An NFC -enabled eWallet communicates with the merchant’s payment system only when a user unlocks it and selects the payment card. If your hired FinTech app development company integrates secure thumbprint or facial recognition method to unlock the eWallet, it becomes more secure. Additionally, merchant’s point of sale system or NFC chip-integrated mobile phone connect with only a single device at a time. This mechanism makes sure that some nearby customers don’t pay for another’s purchase, accidentally.

» Convenient

 
If the underlying purpose to build FinTech app is to provide seamless user experience while paying for goods and services, there isn’t any better option available than NFC technology enabled FinTech app. It helps users to get rid of carrying multiple cards. It also enables users to pay without taking out cards. If the app is feature-packed, a user can even track his spending and make strong financial decisions. NFC is versatile. Users can pay from the NFC enabled eWallet to reserve the restaurant seat, buy the movies passes, book the train tickets and many more.

So, now when you know the benefits of having contactless payment feature via NFC technology in your eWallet app, let’s talk about how much does it cost to develop FinTech app which is compatible with the NFC technology.

How much does it cost to develop FinTech app with NFC features?

 
Coruscate is the top FinTech app development company which entertains numerous queries related to FinTech app development. Our developers and designers have already earned expertise to develop the most scalable and money-making FinTech apps. We even have successfully achieved an API integration with Nordic banks.

With our rapid app development technique, we can develop your FinTech app within 45-55 business days and under $10k. However, FinTech app development is not a single time process. You need to rewrite the app or update the app every time the government makes changes in the legal norms.

To know more about FinTech app features, and ask for a free demo with consultation, contact our app scientist and business expert.

The post Apple rolls out Apple Card: Know features of Apple Card and how NFC technology doubles the usage rate before going for FinTech app development 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.