Growing number of organizations across different industries such as eCommerce, Hospitality, Real-estate […]
It is been forecasted that, in US alone mobile payments volume will increase to $503 billion by 2020. Over 56% of mobile users will be using any form of mobile payment or digital wallets to leverage this key functionality. Digital wallets and mobile payments are rapidly developing with a specific end goal to improve the experience for both customers and business owners. For customers, mobile payments and digital wallets can replace carrying around a bulky wallet. You don’t have to worry about carrying cash or credit cards with you all the time. All that information is stored on your Smartphone. For organizations, with Square, Stripe, and Bitcoin, you can customize your payment platform or remove third-party financial institutions and keeps your business ahead of the curve.
Cloud technology is an important part in the enhancement of mobile application development. With the help of cloud compatibility, users can sync their applications across multiple devices. Most of the data can be stored on the cloud, thereby keeping the app size down. Mobile App Developers can definitely get the benefit of utilizing cloud technologies in terms of cost reduction, versatility, faster development time, increased collaboration, disaster recovery and much more. This leads to a faster development process without having detailed technical knowledge of those essential activities. Cloud makes it possible to have anything anywhere.
Times are changing and apps are no longer getting confined to mobile devices. With the Internet of Things (IoT) and machine learning technologies mobility has moved out of mobile devices and has become a lifestyle. The future of mobile app industry is bright and it is going to be core elements of virtually every aspect of our ecosystem.