How great does it sound when you don't have to wait in long queues to visit the bank or scramble to keep track of your spending with just a few screen taps? Isn't that great? We know it is.
Mobile banking apps have entirely changed the way we use to perform fintech tasks; apps like Monzo are a standout example of this. Users can perform different financial transactions by just sitting on a couch from their home.
So, if you are looking for a mobile banking app development company for an online banking app solutions, it's the right time to do this and tap into a growing market. Here in this guide, we will share a few actionable steps and considerations involved in the process.
Seven Proven Steps to Create an App Like a Monzo
Get to Know the Core Features of Monzo
Before getting started with mobile banking app development for an app like Monzo, you need to understand what makes it a go to choice for developers, what could further value think will be able to add to an app like this?
A driving factor behind Monzo's success in the market is its simple to operate interface that targets an audience of all ages. Here are its other best features:
Notifications: Account holders are instantly notified of every transaction so they can stay on top of their finances.
Budgeting Tools: The Monzo app has a set of tools to track spending, categorize expenses, and set goals.
Payment Convenience: Users can send money, split bills, or schedule payments all within an app.
Freeze/Unfreeze Cards: If users lose their cards, they will be able to freeze and unfreeze them whenever necessary.