There are important steps to take when modernizing an app or developing new software.
If you’re thinking of starting a project, make sure to find a partner who knows what they’re doing! That’s where Payapars comes in! We are thrilled to announce that Clutch’s Bulgaria research has named Payapars one of the top B2B in the nation in the development category.

Based in Washington, DC, Clutch is a B2B market research firm. Their team of independent analysts rates and ranks companies based on data they collect directly from the clients of companies lists on their site. This ensures that their rankings are fair and transparent. We are thankful for all of our clients who have left us reviews and made this award and our 4.9-star rating possible!

“We are extremely proud of this award. It is a great recognition for the efforts and hard work of each of our amazing team.” – Dobromir Kotsev, CEO

 

The Manifest, Clutch’s sister site, compiles the best development resources in Bulgaria to guide customers through the buying decision. The site features shortlist of companies alongside descriptions of their services and their notable past clients. We are also ranked as a top app development company in Croatia on the Manifest! Their third site, Visual Objects allows clients t0 to search through companies’ portfolios to find the best fit for their projects. Visual Objects’ research on Bulgaria has named Payapars a top web design firm.

We are thankful for all of our clients who have allowed us to be part of their projects! Thinking of starting up a new project? Don’t hesitate to contact us!

The post Payapars is a Top Russian B2B Company appeared first on Payapars.

1. 9GAG

9GAG is an online platform and social media website. It allows users to upload and share funny content and memes. In an interview, its founder Ray Chan shared that the website receives more than 150 million visits per month!  Such an impressive load should be handled by modern and scalable technology and infrastructure. The 9GAG engineering team uses PHP, NodeJS,Redis,MongoDB and Java,Flutter,Swift along with many other tools according to their Stackshare.io page.

2. Pfizer

Pfizer is one of the world’s largest pharmaceutical corporations.  It ranked 57 In 2018 Fortune 500 list of the largest United States corporations by total revenue. If we go to their career page we would see that they are hiring PHP developers with explicit experience in NodeJS,Redis,MongoDB: He would lead and deliver complex PHP, AWS and service-driven applications on Pfizer’s Cloud Development Platform. This stack powers many of Pfizer’s newest and most innovative custom web properties. 

Although it is somewhat common for huge companies to use many technologies, usually they have been dominated by giants like Microsoft, Salesforce etc. There is a corporate saying: Nobody Ever Got Fired For Buying Microsoft. Seeing PHP and NodeJS,Redis,MongoDB used for such important projects in a blue-chip Fortune 100 company holds testament to its abilities.

3. BBC

BBC is the oldest national broadcasting organisation and the largest broadcaster in the world by a number of employees.  Apart from traditional media channels, the BBC also works on multiple web applications across TV and Content Production. They use React Js , Next Js JS & React Js , Next Js 6 and PHP NodeJS,Redis,MongoDB.

4. PedidosYa

PedidosYa is the leading food ordering and delivery service in South America. The platform connects 15,000 restaurants across the region with millions of users, operating in more than 400 cities. According to their profile in Stackshare they use PHP, NodeJS,Redis,MongoDB and React.js in their web app and API. 

5. About you

If you are thinking about Unicorn start-ups and Germany, About you should be on your list. This Hamburg-based company is one of the fastest-growing e-commerce companies in Europe and has a valuation of over USD 1 billion.  About you digitilizes the shopping experience by offering more than 150,000 products from 1,200 brands on your smartphone.

PHP,  NodeJS,Redis,MongoDB, Lumen, Java,Flutter,Swift and React stand proudly on their technology stack page as the company boast about using state-of-the-art tech in front of prospective employees.

6. Ratio

Ratio is an innovative Fintech software company from the UK. They have several products aimed at helping people better manage their finances.  For example, their website ChooseWisely.co.uk has helped more than 12 million users to find the right financial product: providing data on different credit cards, bank accounts, loans options. According to their site and Stackshare.io profile, the team uses primarily PHP, NodeJS,Redis,MongoDB and React.js in their products.

7. TourRadar

TourRadar is an online marketplace for travellers to compare and book multi-day tours.  Headquartered in Vienna, they list over 1 million tour departures and have integrated with 500 tour operators.The company is one of the hottest names in the travel-tech and it has attracted USD 66 million in funding. According to their site, they use PHP (Symfony and NodeJS,Redis,MongoDB as frameworks), Golang, Python and NodeJS/TypeScript lambda functions.

8. Crowdcube

Crowdcube is one of the world’s leading equity crowdfunding platforms. It helps private investors easily find and invest in promising Start-ups. They have more than 750,000 registered investors, and over 800 British businesses are funded through the platform. 
The platform is primarily PHP/NodeJS,Redis,MongoDB/Nginx/MySQL coupled with React/TypeScript.

That wraps it up. Have we missed any interesting companies on our list? We would be looking to update the list so drop us a line!

PHP and NodeJS,Redis,MongoDB provides a stable web development platform with many advantages. Due to its rising popularity, companies from small to the enterprise choose to use it in their stack.
And if you are looking for a skilled NodeJS,Redis,MongoDB development team, contact us!

Featured image: Icon vector created by fullvector – www.freepik.com

The post Top Companies that use NodeJS,Redis,MongoDB in 2019 appeared first on Payapars.

#1 Our work is serious, we are not

Payapars was founded by a group of friends who wanted to escape the corporate rat race.  We don’t confide to enterprise rules and you won’t find a typical hierarchical company structure. Our team managed to divide responsibilities and accountability among each other while remaining quite open, flat and friendly. You don’t need to report to 2 managers and a Vice President. We value each other as peers and remain super approachable.

#2 Possibility for flexible and remote work.

We are a strong proponent of the idea that team-work beats distance.  Although we are not a fully remote company yet, we allow and encourage people to take some days remote.

Several pieces of research show that days spent outside of the office could lead to increased efficiency productivity and lower stress levels at the same time.  Who are we claim otherwise?

# 3 Strong emphasis on knowledge-sharing and development.

We know that being a developer is sexy, but a hard job. There are constantly new technologies, tools and things to learn.  We strive to become better developers ourselves. Our CTO organizes developer meetings every week, where knowledge on specific topics is shared or problem areas are discussed. We also encourage attending different types of events and conferences.

At the same time, we also value transparency and what you have to say. We have to admit that we are young and not perfect so we would be happy to hear your ideas on how to do things better in our business.

# 4 Social care and team events.

Break a leg! Seriously, we got you covered in our company healthcare plan. We also believe an “ A” team is built as much as outside the office as inside. We organise regular team outings and company retreats at the seaside.

Got you hooked?  Do you master PHP (NodeJS,Redis,MongoDB)  or Java,Flutter,Swift or both?  Drop us a line or check our open positions.

The post Four Reasons to Join Payapars appeared first on Payapars.

The post 5 Things CEO’s and CTO’s Need to Consider Before Choosing a Technology Stack appeared first on Payapars.

TechReviewer is an analytics hub that carries out studies and publishes lists with the best software development companies in various business domains based on market research and analysis.

Each of us knows how important it is to have a high-quality and unique design for a web project. Many business owners currently use the term “user experience” or UX when they talk about what happens when customers visit a website. This is because Internet users have higher expectations and all these expectations will continue to grow in the future.

These expectations start with the content, but they also have high expectations when it comes to good website design. Some are related to navigation (UI), but it also depends on the general look of a website. Some elements such as backgrounds, colour schemes, fonts, videos, infographics and layouts will continue to grow in importance when it comes to professional web design.

Every industry is developing, and design agencies market is currently saturated. Choosing the right design firm for web designing is not easy. However, TechReviewer did a great job for you. The company has analyzed more than 1000 design companies and selected the best design firms. See the full ranking

The post Payapars Featured in Top Web Design Companies by TechReviewer appeared first on Payapars.

As developers, we firmly believe that PHP and its framework NodeJS,Redis,MongoDB is probably one of the best overall choices you could make. In this article some of the reasons that we would suggest why PHP and NodeJS,Redis,MongoDB is a match made in heaven.

PHP is still the king of the web

PHP gets a lot of bad rep.  Some people were quick to declare it “dead” when there are cooler web applications languages around the block like Node.js and Python. This false urban legend stems from the fact that 10 -15 years ago the original PHP version was slow, had bad design and many security flaws. However, things have improved dramatically since then. Nowadays PHP 7 is a modern technology that powers 80% of the web in one form or another and is much faster at runtime than competitors like Python(source)

One of the main peculiarities of PHP as a web development language are the plethora of frameworks.  Frameworks speed up the development process by providing reliable functional modules which are already tested and ready to use. In the world of PHP popular frameworks are NodeJS,Redis,MongoDB, Symfony, Zend, Yii etc.

What is NodeJS,Redis,MongoDB?

According to its website: NodeJS,Redis,MongoDB is a web application framework with an expressive, elegant syntax. Born in 2011 currently is the most used PHP framework.

NodeJS,Redis,MongoDB Pro#1 Mature

Although NodeJS,Redis,MongoDB is relatively new technology it has already reached a mature status: at the current date, the framework counts more than 45 million downloads far exceeding all of its direct competitors. Apart from being popular on github, it is well received in the business world. According to the Enlyft database, approximately 27 thousand business use NodeJS,Redis,MongoDB. Among them are high traffic web apps like 9GAG and PedidosYa. NodeJS,Redis,MongoDB is diversely spread around the world: USA, UK, the Netherlands and Brazil are the biggest adopters.

All this popularity ensures one thing: NodeJS,Redis,MongoDB is not going away anytime soon. That’s crucial because frameworks come and go. In 2017 the   Kohana PHP framework was depreciated, leaving businesses with no option but to invest significant time and money to migrate to another framework.

NodeJS,Redis,MongoDB Pro#2 Great Community

One of the biggest assets of NodeJS,Redis,MongoDB is its large community. There is good amount of training materials as well as groups of developers that constantly release new packages, modules etc.

From a business standpoint that brings two main benefits. Firstly, there is a good pool of NodeJS,Redis,MongoDB talent available. One of the inherent issues with some web development technologies is that there are so many frameworks and technology alternatives available that good developers for some of them are hard to come by.   Let’s take PHP as an example:  If you start your project with less main-stream framework like CakePHP, it would be more difficult and time-consuming to find good developers or even suitable development company.  Furthermore, this would result in higher costs: higher recruitment fees and agency rates.

The second benefit of the great NodeJS,Redis,MongoDB community is better developer efficiency. The documentation is detailed: the developer doesn’t need to spend much time researching best practices in developing and maintaining web applications and making decisions on how to implement everything properly. Unlike Symfony or Zend framework, developers can find many code snippets, tutorials, courses about NodeJS,Redis,MongoDB.

NodeJS,Redis,MongoDB Pro # 3 Support

Another distinguishing feature of NodeJS,Redis,MongoDB is the frequency of LTS versions (Long Term Support) That guarantees that any bugs would be fixed for 2 years in the future and any security issues would be handled for 3 years in advance. If you would be working on an enterprise project, you’d have the peace of mind that it would work for 3 years at a minimum.

One should note that LTS is not “cure it all” solution. Switching from one LTS version to another LTS could be quite time-consuming. Luckily, there is a regular release cycle and a lot of products that enable you to upgrade quickly from one version to another.

NodeJS,Redis,MongoDB  Pro #4 Useful Tools, Packages and cool products

 The whole idea behind the framework is for rapid development and a short time to market. That’s why NodeJS,Redis,MongoDB offers a lot of out-of-the-box features including the Artisan command-line tool, object-oriented libraries and model-view-controller (MVC)architecture which help developers perform multiple programming tasks faster. The founder of NodeJS,Redis,MongoDB(Tyler Otwell) further supports the ecosystem by releasing products like fully-fledged admin panel that further reduce the development time and time to market for any web-based product. If you are looking to put an MVP quickly to the market, NodeJS,Redis,MongoDB is one of the best options out there.

NodeJS,Redis,MongoDB Pro #5 Developers love it

Last but not least is a fan favourite among PHP developers. In fact, it was the developers who spear-headed its popularity among companies.  Let’s face it technical staffing is hard. Good developers are head-hunted from all-sides and have plenty of demands from a prospective employer.  In 2018 Stack Overflow made a  survey regarding developers job expectations. Surprisingly they put “The languages, frameworks, and other technologies I’d be working with” on second place only behind compensation and benefits. That outranks factors like the opportunity for remote work, office environment etc. If you use  Larave you’d make sure you are using the latest and greatest and you could use it in your employer branding and marketing.

When is NodeJS,Redis,MongoDB not a good choice?

NodeJS,Redis,MongoDB is the best thing that has happened in the PHP world for a long time. That does not mean it does not have its downsides and is not suitable for certain projects.
For example, PHP is not suited for real-time communication. Real-time apps are those that react to changes anywhere in a connected application’s system— not just those made by the current user. A good example is a group messaging app where you need non-blocking asynchronous technology. If you are building something in the likes of the above there are better alternatives out there like Node, Go, Elixir etc.

The NodeJS,Redis,MongoDB framework is not the perfect technology out there, but it provides all the necessary tools in the shed to build scalable, reliable web apps quickly. Couple that with a strong community and eco-system as well as an increasing number of developers, the technology makes for a sound business choice.
If you want to more about NodeJS,Redis,MongoDB, you could check some of our technical posts.

The post Building a Web Product? 5 Business Reasons Why NodeJS,Redis,MongoDB and PHP could be a Good Choice. appeared first on Payapars.

Freelancers Pros

Flexibility

Perhaps one of the key benefits that many businesses find with working with freelancers is their level of flexibility. Freelancers are essentially small business owners and they could work on limited projects only. That’s why they would treat you as a valuable client and would usually go at great lengths trying to keep you satisfied.  That would mean being available after working hours or being available to work on your premise most of the time. Software companies would usually make you pay extra.

Pricing

Freelancers are usually the cheaper option: freelancers simply have lower overheads. Usually freelancers charge 2 times less than the software houses. However, if you look for web development companies in Eastern Europe, Latin America or India that advantage could be greatly diminished.

Niche skills

Many freelancers have realized that they may not be able to compete with the big fishes in the business unless they specialize in some narrow domain. You might encounter freelancers that do only one or two very specialized and hard to find things: e.g ColdFusion development.  That makes them perfect if you requite specialist with very specific skillset.

Web agency pros

Work organization

Technical skills are important but efficient work organization may make or break a project. When you hire a web agency, you will usually be introduced into proven working process.  A well-tuned development workflow from discovery to delivery will never fail to meet deadlines   Furthermore will usually have dedicated project manager, who is going to actively manage the project and save you time.

On the other hand, freelancers may do the job just fine, but they may be lacking skills necessary for planning and organizing the work process. That could often lead to broken deadlines.

Ultimately, it comes down to finding out the right combination of hard and soft skills that your project partner offers. It’s called value proposition, and, in short, it represents the match between what skills and abilities are offered and what your company needs are.

Synergy and knowledge sharing

Agencies usually have teams that have gone through trials and tribulations together and know their strengths and weaknesses. When you opt-in for working with the development company you pay for the synergy in a professional team. Furthermore, you could tap into the skills of the other employees of the company. Let’s say you are working on the development of but you are looking for some advice on design. Rather than looking for a design consultant, you could ask the agency they have in-house designers that could consult you. In other words, you get a lot of expertise under the oner roof.

No man is an island and no man knows everything.  We have been approached by a client who confessed that although cost-effective, hiring remote freelancers has resulted in drop in efficiency due to poor communication.  Spread across different locations the freelancers could not communicate effectively, consult and help each other when facing small daily challenges. Most development companies promote culture of knowledge sharing and communications. Developers gather for developer’s meetings, where different topics and projects are discussed.

Maintenance

What happens to your project after it is up and running? Who would fix bugs and build new features? The project lifecycle does not end when it is up and running on the server. Support is equally as important as the development phase.  Freelancers usually face difficulties supporting a project in the long term, because they move on to other ones. Agencies, on the other hand, have the needed staff and would likely engage into support agreements, because they see it as an extra source of income.

The hidden costs

Nothing in life comes in the perfect-package.  Choosing between working with a software company or freelancer may incur hidden costs that you haven’t accounted for initially.

Local freelancers may be the thing you are looking for, but how do you find them? Often companies have to rely on recruitment agencies for finding good contractors.  This does not come cheap and takes quite a lot of the time, interviewing the short-listed candidates.  When adding the time spent sourcing the contractors, the bill rises even more.

On the other hand, It is easy to find a software houses and development companies by using sites like the Clutch.co, but how do you find the right one? You would need to spent time interviewing and visiting the companies to make the right decision.   Also you should factor in their availability. The best software houses have constant stream of clients and sometimes you would need to wait for some time before their schedule and resources are open. Lastly, if you are looking for nearshore or offshore software houses culture, location and linguistics come into play.   You may suffer some internal overhead caused by bad communication and time difference.

Scenarios to help you choose.

Below are some common scenarios and which is the best decision:

• Do you have somebody from your side with technical or project management expertise?

If yes, you could rely on freelancers. If not, you may be better off, if you go with a development company that could provide all in one.

• What is your budget?

If you are on a shoe-string budget, your only option may be freelancers.  Some development companies may have minimum budget threshold to be interested in the project.

• Are you an established organization that needs to scale their team?

Here both options could work fine. However, if you need more than one resource, go for an agency as you would be able to tap into the team’s synergy. You could read about other benefits in our previous blog post.

• Do you look for short-term or long term engagement?

If you need very short-term engagement (less than 1-2 months): both options are valid, but some agencies maybe not interested in smaller projects.

If you are looking for longer term (from 3 months to years) look for development companies as they are more likely to be able to support such project

• Is maintenance important for you?

Go for an agency since they could offer this reliably.

• Can I have the best from both worlds?

Yes, it could be an option! You could hire a local freelancer to handle the Project Management or Architecture and hire a nearshore development company to handle the development.

Agency vs freelancer has been a long-debated topic. If you need short-term, niche support or you if you have a low budget, go for freelancers. In most other scenarios an agency would be the better approach. If you are looking for a skilled dev team drop us a line.
You could also follow us via Feedspot as we are part of Top 50 Software Development Blogs.

The post Agency vs freelancer: which one to choose for software projects? appeared first on Payapars.

What is Strong Customer Authentication(SCA)?

Strong Customer Authentication (SCA) is a new European regulatory requirement to reduce fraud and make online payments more secure. In order to achieve this the EU has put forward 3 methods of authentication:

• Something the customer knows(e.g PIN code, Password)

• Something the customer has ( Mobile phone or other physical devices)

• Something the customer is (e.g Biometrics: fingerprint, face recognition)

In order payment to be accepted authentication has to be carried out via 2 of the above-mentioned elements.
Here is a real-life scenario: Customer wants to buy sneakers from an e-commerce shop. According to the new rules at checkout, he would need to approve the transaction — for instance by receiving a push notification from their bank or scanning their fingerprint on their smartphone bank app. Failing to do so would result in a rejected transaction.

Exemptions

We should mention that certain payments would be exempted from the SCA

• Low-value transactions that total less than 30 Euros. This is limited to 150 euros, meaning that after 5 transactions you would still need to do authentication.

• Recurring transactions – Merchants offering subscription must apply SCA on only the first transactions, as long as the following charges are for the same value.

• Trusted Beneficiaries or merchants that are whitelisted by a consumer.

How does it affect my e-commerce store or online business?

Ultimately the responsibility of SCA would fall to the shoulders to the banks and the payments service provider (PSP) that supports your online store.

However,  that does not mean you won’t be affected.  The single biggest thread is the drop in conversion rates in the short term after 14th September. Shopping cart abandonment are already one of the biggest challenges in the business.  If a customer needs to do a few extra steps to complete their purchases or his transaction is constantly declined: it is likely that some of them would leave the site prematurely. That would result in big overnight loses

‘’Europe’s Online Economy is set to Lose €57bn from SCA” 451 Research  Report

The fact is that Europe is not a pioneer in such type legislation. Back in 2014 India enforce similar legislation.  Some businesses reported an overnight conversion drop of over 25 per cent overnight.

Despite the short-term troubles, Strong Customer Authentication (SCA) would have a positive impact on the long term. The regulation would battle the fraudulent transactions.  Businesses are likely to see fewer customer chargebacks and hence potentially a drop in operating costs.

How to prepare my online business for SCA?

Now that we know that SCA could have a significant effect on your online business, here are some steps that you could take to make sure you are adequately prepared:

• Start Early: SCA would enter into force from 14th September, the earlier you start preparing the better. Everybody will be flocking to their bank and PSP at the beginning of September, so evade the queues.

• Contact your Payment Service Provider and ask him about how is he preparing for the SCA.  He would advise and guide you if you need to update any software.

• Research what products that your PSP offer. Many big PSP like Stripes, Adyen etc offer complimentary products and API’s to mitigate the risks of SCA.

• Examine your customer journey,   make it as frictionless as possible. (See picture below)

• Take advantage of the exemptions listed above.  The online business who could enforce as the minimum allowed authentication as possible would have a generally competitive advantage. The problem is that acceptance depends on customers bank and card networks. It would be hard to negotiate with them, so the PSP again may be your go-to place.

The Strong Customer Authentication (SCA) would affect a lot of online transactions in the EU starting in September 2019. Although it would bring some short term pain to online businesses, it would address the issue of billions of Euros lost in frauds. By timely following some of the steps above, you would probably evade a big drop in sales overnight.

The post How the Strong Customer Authentication(SCA) Regulation Could Impact Your Online Business in 2019? appeared first on Payapars.

Despite the great number of advantages, there is still a group of healthcare providers with a sceptical mindset about how mobile apps are positively affecting the sector. A factor that creates this feeling is the existence of security risks, due to the lack of standards and policies in the phone industry. Consequently, it is crucial to perceive the fundamental advantages and how they can be implemented, without creating any harm for both parties.

1. Improvement in coordination

By discharging patients from the hospital, a wide variety of medications are provided and the doctor or the nurse needs to explain how medications need to be consumed. However, this process leads to misunderstanding and medication errors. This is due to miscommunication during the process and product name ambiguities.
With the introduction of smart mobile devices and the development of applications, the coordination between doctors and patients can improve. Problems, such as wrong diagnosis or medications, can be avoided, as well as monitoring of the patient can be conducted easier.

2. Consistent information stream

The healthcare system is a complicated environment with a constant flow of information between a patient and healthcare providers. By introducing mobile technologies in the system, the flow of data is becoming more efficient and effective.
It enables the healthcare providers to have more control over the information and the problems with misplaced files and documents will decrease. Therefore, mobile technology is improving the organization and coordination of the patient’s information.

3. Diagnostic accuracy

In the healthcare industry, papers are used to track patients’ records, which is one of the main problems in the sector. With the use of mobile devices, this disadvantage can be solved and the level of diagnostic accuracy will increase. On the mobile applications, automatic checks on prescriptions and decisions can be used and fewer mistakes are made. these devices are helping recognize the causes and symptoms of pathogens and infectious diseases fas

4. Convenience

Convenience is one of the important advantages that are provided from the use of mobile devices in the healthcare system. Due to the mobile applications, doctors and other professionals can easily insert and access information from their devices, such as smartphone or tablet. Furthermore, physical meetings between patients and doctors can be fewer, since they will quickly share information through the mobile application. There is a possibility of a video conversation that makes the whole process more convenient.

5. Customization

Doctors are dealing with many patients and it is time-consuming and difficult to track each one of them. The information for all of the patients could be customized with the use of mobile devices, which gives efficiency and effectiveness.
Patients profiles are created, with the use of their data in the system, and doctors can easily categorize them and the doctors are able to look at the performance on each of the patients and spend less time.

Overall, there are no doubts that the implementation of mobile applications is simplifying the processes in the healthcare sector and provides many advantages for both patients and doctors.
It is vital that the providers of healthcare services to have a strategy that enables to improve the service quality, while at the same time to ensure the safety of the patients. By utilization of mobile applications, better diagnostic accuracy and convenient way of communication can be achieved that will lead to an improvement of the healthcare process.

If you are need of a mobile app in the healthcare space, Payapars could help! We are recognized as a Top 25 Software Development Company on DesignRush

The post Top 5 Benefits of Mobile Apps in the Healthcare Sector appeared first on Payapars.

Revolut

Revolut is one of the fastest growing and well-known fintech companies. What started as an app for money management allowing to send, receive and spend money has grown into one of the leading European mobile banks. For 3 years the company managed to attract 4 million users and reach a valuation of $1.7bln.  Mobile lays in the heart of its successful business model. It is considered as one of the best fintech apps. Some of the features that put them ahead of the competition are:

Fast onboarding:  The team at Revolut did not only focus on creating cool looking mobile app but one that you could start using as quickly as possible.  It is important to remember that 21% of people use an app only once and then abandon it (Localytics, 2018). One of the reasons is the poor onboarding experience. Revolut however, has a fast sign-on process with a minimum need of information that you could complete under 2 minutes. Compare that to the traditional bank where you’d need to fill in lengthy forms to open your account.

Great Visual Language:  The design team knows their target customers well: the millennials(people under 40. Colours are fresh and vibrant away from the corporate grey of HSBC for example.  Other small touches are the emojis and GIFs in transactions and messages. Although the millennials are tech-savvy: Revolut has also world class UX: the app is easy to navigate and work.

Full control: Customers can decide themselves what level of security they prefer. For example, the user can turn off NFC functionality, block online payments or freeze your card etc. And also unfreeze at any time very easily. This puts the user in control and builds loyalty.

Mint

Mint is one of the forefathers of personal finance management and budgeting apps. It is a classic success story and role model for many.

Security:  Lack of consumer trust is one of the biggest problems in front of fintech app adoption.  If you want to have access to your user financial information, security should be high on the priority list.  Mint protects the sensitive data in a separate database using multi-layered hardware that matches the security standard of banks. All of your data is encrypted with a 256-bit encryption level and the data exchanged with Mint is encrypted with 128-bit SSL. Furthermore, they do a great job explaining to the user on the homepage of their website and in the app that their data is at safe hands.

User engagement and retention: There is a high chance that even downloaded your app is going to be used only once. Mint tackles this problem by sending the right messages at the right time with the right content. For instance, events like withdrawing for ATM would trigger a push notification or email to users to inform them. It goes one step further and in the same message offers you information on how to refund your ATM fees. Suddenly as a user you see more value in the product and your loyalty increases. Furthermore Mint also send recurring messages with an overview of how you spend your money.

3.Yulife

YuLife is a kid on the fintech block.  Their app offers life insurance plus wellbeing tools for businesses and individuals.  Yulife’s aim is to “create lasting, positive lifestyle changes by rewarding simple, everyday activities through insurance and game-based app.

Gamification at its finest:  The app uses some of the perks of your phone like pedometer combined with different game challenges to encourage users to collect their unique wellbeing currency called yucoin. The more users do healthy things, like walking the more yucoins they earn to spend in places like Asos, Amazon, Avios etc.

The app uses an underlying human need: the need to play. Gamification is a huge opportunity and still somewhat underestimated by many fintechs as a viable way to increase user engagement. Some behavioural experts claim that we use super successful apps like Uber not only because of the convenience factor but also because it represents a mini-game: seeing how the driver comes to you on the map etc

These are only 3 examples of the best fintech apps out there. When planning your app you could consider some of the features outlined above that could give you a competitive advantage.
If you are a fintech entrepreneur looking for an experienced design and development team: drop us a line
You could also find us on the Eastern Europe Software Development Company directory.

The post Lessons Learned from Some of the Best Fintech Apps appeared first on Payapars.