Startups are now focusing upon creating their Fintech payment applications that would allow them to receive and transfer money with ease. Technology giants have partnered with some of the prominent names in the finance industry to develop advanced Fintech applications. These applications have given a new dimension to the way monetary transactions are made.


1. Apps for Personal Finance

Personal finance management applications are a great investment option taking into account their growing popularity. Finance management apps make it easy to visualize the financial curve within a period. Individuals can link a bank account, debit card/credit card and monthly bills for added convenience.

Furthermore, Personal finance management applications are a great investment option taking into account their growing popularity. As a startup, you can consider developing a finance app that takes care of user’s financial habits.

2. P2P 

Digital payment applications and p2p payment apps are some of the best ideas to put your money in. More and more economies around the world are now becoming cashless and promoting the use of payment apps online transactions.

Following are some of the must-have features offer fund transfer application
  1. Send and receive money
  2. Pay/split Bills and invoices
  3. Transactions using OTP/unique ID
  4. Account details and balance check
  5. Transaction history
  6. Real-time notifications and alerts
  7. Chat facility

3. Elimination of Intermediate 

ExpensesThe process of loan application and approval is done free of cost. Users do not have to pay any charge for convincing creditors for financial organizations for their loan approval. It also relieves borrowers from the hassle of visiting different branches for issuing their loans.

Both creditors and borrowers have the flexibility to define their conditions.

Lenders and borrowers can clearly mention their deadline interest and sum for their future requirements. After successful registration, you can get approval after the solvency check.


4. Investment Application

Finally, Some of the applications deduct a small amount of money from every purchase you make and invest it. You can compare different financial portfolios and then invest the money accordingly. These applications also help to keep a tab on their long term investments.

One of the major aspects is that the app has to be secure and scalable that will keep the user informed of every change that occurs in their investment.