Post by dssifat on Oct 1, 2023 6:47:48 GMT -5
Greenlight, BusyKid, Plan’it Prom are among popular apps that educate teenagers about managing their personal finances. Crypto is the future With the rise of cryptocurrencies, it has become essential for FinTechs to consider support for digital currencies during expense tracker app development. You can gain competitive advantage, if you allow users to track and manage their digital currencies such as bitcoin. For example, Mint users can easily manage and track their Bitcoins. Some other solutions like Coinbase and OSOM specifically focus on managing and trading crypto currencies. Features You Should Incorporate Gamification Although gamification was considered to be a gimmick a few years ago, it is now an integrated part of mobile app strategies for several industry verticals.
It’s not uncommon for people to think of money as a game. Banks China Mobile Number Database often offer prize-linked accounts, where instead of giving interest, the bank encourages customers to deposit a minimum amount to obtain aggregated interest. The similar concept can be applied to the expense management mobile apps. You can offer several deals in return to your users for meeting their goals. Personalization Every individual has their own financial goals. With personalization, your app users will be able to create their custom spending goals. Nobody likes generic functionality. In fact, the personalization feature will improve user retention. Also note that the personalization shouldn’t be limited to finance handling.
You can also allow users to personalize notifications and several other things in the expense manager app. Virtual Assistant Among several other applications of artificial intelligence and machine learning, Chatbots or virtual assistants are the most suitable use cases of AI for money manager app development. By analyzing user’s spend habits and financial goals, the virtual assistants can suggest areas of improvement. A virtual assistant helping in finance management is effective to keep users on track. Bill Organization Bills organization by week, month, and year will empower users to keep track of their past spends. The users should be able to search bills by category, status, payment method, description, or tag.