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I am sure you must have heard of AfterPay, Quickbooks online, Zoho books, and Affirm; these are some of the top fintech companies willing to transform the space by incorporating eCommerce. So yes, imagine collaborating fintech and eCommerce can create a world like never before.
At present, several banks and financial institutions are found to leverage various tools and software. So if we take a closer look, eCommerce and fintech have gained momentum. Speaking of which, I recently came across an interesting post that states. There is no doubt that technology integration in the financial sector is building a robust foundation for the fintech sector. Since fintech has commenced its services, so many industries have made the services streamlined. Also, many industries are impacted deeply by the introduction of Financial innovation businesses.
The following post focuses on how fintech and eCommerce are made in heaven and how to incorporate fintech solutions to boost your eCommerce store’s productivity and efficiency. So, without any further ado, let’s get started!
Unlocking Fintech and eCommerce
Now everyone knows what eCommerce is, right? Anything bought and sold online is the simplest and most understood definition of the term eCommerce. However, the concept doesn’t show any signs of slowing down yet. Another trending and hot potato in the town is fintech. What is fintech – in simple words, it is derived by combining financial technology. The technology seems to have integrated among most financial and banking institutions and is no longer just used as a backup. The emerging technology-based solutions face the customers and provide them personalized solutions like never before.
So yes, fintech will be found penetrating every small or large aspect of the financial industry sooner or later. It begins with banking, insurance, real estate, and healthcare, and today, eCommerce is a new rage. We have already witnessed how fintech has resulted in loan-making, business fundraising, crowdfunding, bitcoins, e-wallets, cryptocurrencies, mobile payments, etc.
Slowly and steadily, financial technology seems to be penetrating deep into the thick walls of eCommerce. Yes, In fact, by now, it appears to have impacted in a great manner by altering and enhancing online payment systems. Gone are the days when a customer was always supposed to use credit cards or debit cards or their respective bank accounts as a compulsion. With the rise in fintech technology, several options have opened. And not just payment but even the concept of cross-border eCommerce seems to have gained momentum.
Things have certainly become easy, especially after incorporating Dwolla, Stripe, WePay, and BlueSnap. Not to mention that these platforms have also enhanced efficiency and security. So when we talk about collaborating fintech with eCommerce, it means trying to make the online transactions as seamless as possible for the end-users.
In fact, after incorporating fintech-based solutions, it has become possible to provide more payment options to the end-users irrespective of where they are and what device they are using.
Do you think these solutions are created to make end-users feel at ease? Certainly not! Because nowadays, even online merchants have the privilege to use smarter options. After all, scaling up businesses in today’s fast-paced and competitive landscape is not easy as ABC.
Now let us look at how fintech or these technology-driven solutions are dramatically changing the eCommerce industry?
Common Yet Crucial Fintech Solutions Found in the eCommerce Space
#1 Consumer Financing
This one is pretty much in vogue, especially when combining eCommerce and fintech. With the rise of point-of-sale financings such as AfterPay, Affirm, and Klarna, it has become way easier for consumers to buy products and pay later. Moreover, one doesn’t have to pay as a whole; they can split the purchase into manageable installments.
The later pay options work wonders when you tend to buy luxury and lifestyle brands, especially those with high-cost items. You can purchase the item at once but pay for it over a more extended period. I am sure you must have used credit cards? The concept is the same; the only difference is that consumer financing has become more flexible. You can buy whatever you want within your budget when you pay in installments.
#2 Digital Banking
Another interesting concept is digital banking. At present more and more traditional banks are found incorporating these technological concepts. And you can see the difference by yourself. Consumers love the concept of managing banks online, depositing checks, transferring money, and asking for loans right by using their mobile devices.
Many of you have the misconception that these technological solutions come with lots and lots of fees. And this generally happens because traditional banks invest lots and lots of amounts regarding infrastructure. After all, covering their costs is extremely important.
Also, not to mention that traditional banks incorporate annual or monthly maintenance fees; not just that, it also requires minimum balance requirements and transaction limits, so yes, digital banking turns out to be pure bliss.
So what are the perks of digital banking?
#3 Global Currency Exchange Solutions
This one is for sellers. At present, a seller’s job is not easy. They have to deal with overhead international money transfers and currency exchange. As a result, it takes a hell lot of time and cost. Not to mention that the fees of traditional payment processes can be pretty high.
For instance, if you plan to pay $10000 to a supplier, it might cost $3000 for the transfer. In addition, costly and complicated procedures like these can deter brands and hinder them from scaling globally.
So how to turn the table? Well, online sellers can turn to a fintech company, especially the one which offers:
#4 Real-Time Payment Solutions
This is a tough reality; selling online means having your money tied up in long payment schedules. Several platforms such as Amazon and Walmart have started offering leverage to the customers from the moment they place an order to the day funds from that order are sent to your bank account.
eBay officially announced a transition from PayPal to eBay-managed Payments by 2022. In addition, the Paypal working capital will no longer be considered an option. To receive money faster, sellers can start focusing on real-time payout solutions. All the payouts can be accelerated to a great extent. Hands down, real-time payment solutions are what it takes – no guesswork or angst is needed.
#5 Accounting Software
Another advantage of incorporating fintech and eCommerce is that access to accounting software. Why accounting software? It enables businesses to automate bookkeeping and paperwork for payroll and payments. Some of the core advantages of using accounting software are:
Some of the best examples of accounting software include – Quickbooks Online, Xero, Freshbooks, Zoho Books, and the list.
Final Thoughts
Now many of you are seen fearing the collaboration of fintech and eCommerce. Yes, to meet the unique demands of online sellers, one must come up with something never done before. Try reviewing your current business process and see where these technologies can be incorporated. After all, there will always be room for improvement.
I hope the following post adds some value to your current business scenario. If you still have any doubts or queries, feel free to mention that in the comment section below.
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Hire the most trustworthy eCommerce development company in India to grow your retail business and reach your customers anytime anywhere.
The adoption of smartphones is catching up at an important place, which increases the visibility of online purchases for users. Thus, the growing use of mobile phones is expected to stimulate market growth over the forecast horizon. India’s e-commerce sector ranks ninth in global cross-border development. E-commerce in India has grown from 4% of the total food & grocery, apparel, and consumer ecommerce retail trade in 2020 to 8% by 2025.
E-commerce sites are the bridge repairing both buyers and sellers as it is getting the standard way to buy goods and services. There are many eCommerce development companies in India, and but finding the perfect one for your business sometimes might be tough.
The top 10 eCommerce development companies in India 2021 to meet all your needs.
BIGZIEL- A Trustworthy Software Development Company
BIGZIEL is the leading full software development company that focuses on cutting-edge technologies and agile software methodology for their development process. Their target is client satisfaction within budget. They have provided services in various industries like e-commerce, healthcare, travel, education, etc., BIGZIEL is popular for developing stable and secure applications with long-lasting results among their highly satisfied customers.
Website: http://www.Bigziel.com
PixelCrayons - Application Development Company
PixelCrsoyons is a fast-growing application development company. With new innovative solutions, they offer their services, from start-ups to big companies. They are best for their performance and on-time project delivery. It has one of the greatest customer retention rates.
Website: http://www.pixelcrayons.com
Verve Logic - Ecommerce Development Company
Verve Logic is an eCommerce development company located in Jaipur. They are a team of developers focused on online marketing & Web development design. As famous for logo design, developers add innovation & creativity to logo design. They are more reliable in business performance
Website : http://www.vervelogic.com
Tvisha Technologies - Ecommerce Web Development Company
Tvisha Technologies began as a systems integration and network consulting company and helped many companies expand their digital workplaces. With the latest technology, it has now entered into the web, developing mobile applications and also in the development of e-commerce on full-fledged techniques.
Website : http://www.tvisha.com
Alakmalak - Web Development Business
Alakmalak Based in Gujarat, Alakmalak is a web development business with great flexibility. Their objective is total customer satisfaction. It is a company financed by the private sector and whose profits are constant and which keeps all its activities with current income. With nine years of experience, the team will provide web design and web hosting.
Website : http://www.alakmalak.com
SynapseIndia - Ecommerce Store Development
Located in Uttar Pradesh, Synapse India is an outsourced company with end-to-end solutions in software development. They offer a rigorous quality control process to ensure perfection in every level of work. . This is one of the leading B2B companies nominated for “Quality of their customer reviews” in 2018.
website : https://www.synapseindia.com/
Brainvire Infotech Inc - Web Development Company
Brainvire Infotech provides web development and testing services in the IT field. Their base of expertise is in IoT, machine learning, and blockchain. They also took part in open-source frameworks such as NodeJS, Python, PHP, and web development. Their products of AuroCRM and Control ERP.
Website : http://www.brainvire.com
Sparx IT Solutions - Ecommerce Development Company
Sparx IT Solutions is a private IT project in Uttar Pradesh. They obtained positive evaluations for complex commercial issues and their holistic approach… By providing 100% customer satisfaction and with every effort, Sparx developers allow their company to develop online marketing applications and solutions.
Webiste : http://www.sparxitsolutions.com
Angular Minds - Web And App Development Company
Angular Minds is an app development company in Maharashtra. They offer their customers innovative solutions to their business issues. Its mission is to deliver creative solutions that meet the needs of clients. They emphasized Ionic, React Native, and React JS services.
Website : http://www.angularminds.com
TechMagnate - Ecommerce Development Services
Techmagnate is located in New Delhi and is one of the most important digital marketing agencies. They are masters of modern marketing services. As a business development, their professionals also deliver excellent marketing solutions to their customers.
Website : http://www.techmagnate.com
I hope that we now have essential information at our fingertips after reading an article about the biggest e-commerce development companies in
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The eCommerce website is the connector between buyers and sellers as it becomes the standard method for purchase goods and services. E-commerce also takes its new version in the form of a mobile app development to attract many users and make them purchase the items more conveniently.
Ecommerce Website Development Statista
The only way to answer this question is to hire the best eCommerce website development Company in India . E-commerce website developers will be updated with the latest tech stack. They use modern features to develop your store to make your website appearance look goods and unique.
Let’s see the list of the best 5 eCommerce website development companies in India.
Bigziel – Prominent Ecommerce website development companies in India
Bigziel is the leading full-stack development companies and concentrating on top-notch technologies stack and agile software methodology for the website development process. Their main objective is customer satisfaction is the first priority within their budget limit. They focus on multiple industries like Ecommerce, healthcare, education and many more go to. Bigziel is the most popular for eCommerce website and app development with highly scalable and reliable with secured application
Bigziel is a pre-built solution for building Magento 2 mobile apps because its robust features have will attract customers.
Specialized Services:
Tvisha Technologies - Ecommerce website development
Tvisha Technologies is one of the most popular systems integration and network consulting company and helped many companies expand their digital workplaces. With the growing technology, Tvisha has now started into the web and mobile app development and also in the development of eCommerce with full-fledged technology.
Specialized Services:
PixelCrayons - Best Ecommerce web development
PixelCrayons is also one of the flourishing software and mobile app development companies. With advanced software solutions, they provide their services from start-ups with a good track record. They are appreciated for their best performance and on-time project delivery. It has one of the greatest client retention rates.
Specialized Services:
Vervelogic – Popular eCommerce website development
Verve Logic is a web development company. They are a group of developers focused on online marketing and Web designing. As popular for logo design, their developers add innovation and creativity to logo design. This business has been reliable and scalable in web development.
Specialized Services:
ValueCoders - Website and Mobile Application Development
ValueCoders is also one of the growing offshore development companies and is recognized as an e-Trade development company. With extensive software solutions, their services are widespread, i.e., large-scale start-ups from industries. He received praise for improved delivery and timely maintenance of the project. As for customer retention, they compete with the best in the company.
Specialized Services:
TechMagnate - Advanced eCommerce development company
Assume you’re looking for one of the top digital marketing agencies to give your online business a boost. It checks every box. TechMagnate is one of the leading eCommerce development company, its professionals provide first-rate services for clients such as Bajaj FinServ, Reliance Communications, etc.
Specialized Services:
Angular Minds – Comprehensive eCommerce web development
Angular Minds is an eCommerce web design company for carrying out eCommerce projects. They deliver innovative business solutions to customers to transform business value (BV). Working with a mission provides innovative and creative solutions to address client aspirations.
Specialized Services:
Digital Silk - Leading eCommerce web development
Digital Silk is a leading ecommerce development company you will find. It developing and creating the best digital marketing services. You can drive as a website is reflective of your business, they give priority to your eCommerce development projects for a peak in user traffic with a focus on user engagement.
Specialized Services:
Brainvire Infotech Inc - Ecommerce Website Design
Brainvire Infotech offers tried and tested services in the IT field. Their core expertise lies in IoT, machine learning, and blockchain. They also took part in open-source frameworks such as PHP and web development. Their products consist of AuroCRM and Control ERP.
Specialized Services:
Alakmalak – Web design company
Alakmalak is a web design company with flexibility. Their objective is total customer satisfaction. It is a company financed by the private sector and whose profits are constant and which keeps all its activities with current income. With nine years of experience, the team will provide web design and web hosting.
Specialized Services:
Xtreem Solution - Web Developmnent & Design Solution
Xtreem Solution is a multi-faceted company. It works in e-commerce a mobile app and other software also. It is the most flourishing computer company in India. Their motto is the continuous improvement of the quality of their products, processes, services and employees.
Specialized Services:
Zealous System - Website Development Services
Zealous System mainly focuses and specializes in large-scale business support and development in desktop, web and mobile apps. The Commerce section is their key piece.
They understand individual needs and then develop websites for their business. With skilled members of the creative team who meet the exact needs of the customers.
Specialized Services:
Kadam Technologies - Web Design Development
Kadam Technologies is a well-known IT firm in India. Our company was founded in 2015. Over these few years he has acquired a good reputation with the help of his experienced expert developers. They use the latest technology to design the super functional website at affordable prices to their clients.
Specialized Services:
Embitel Technologies - e-commerce development company
Embitel Technologies is a digital home that is built on the target-oriented digital marketing solution. Embitel Technologies has become an esteemed mobile app developer and e-commerce development company for its quality of development. They provide the development of end-to-end mobile apps and the development of eCommerce.
Specialized Services:
An eCommerce web development company deploys multi-tasks with the necessary competencies to create your project. The team must possess expertise in JavaScript, HTML, CSS, Python, PHP and Ruby. With expertise in web design, front-end and back-end development, data analytics, search engine optimization will be an additional benefit.
I hope that we now have essential information at our fingertips after reading an article about the biggest ecommerce development companies in India (2021)
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Mobile shopping is addictive and that is why it has revolutionized the ecommerce market. Over a decade we can see the exponential growth of mobile ecommerce as people experience more comfort when they order things through their mobile phones. All of us use our smartphones not only to buy products but also to check about the product before we buy it. so we consult with our mobiles and then we will decide on buying a product. This much influence mobile phone has over the growth of the ecommerce market.
What is a Mobile eCommerce App?
The mobile eCommerce app is the advanced phase of eCommerce where the monetary transaction is carried out through mobile phones or any electronic handheld devices. And the mobile eCommerce platform provides a specialized way to carry out mobile functionalities like money transfer, mobile banking, mobile ticketing, and many more.
Consumers get access to a wide range of products through a mobile ecommerce app and can get more competitive pricing for the products they search for. All these facilities can be enjoyed without sitting before a computer or a laptop. Just using the mobile commerce app things can be carried out easily.
Zielcommerce is an intelligibly customizable mobile ecommerce app that provides the users the SEO-friendly themes and scalable options that helps you at the time of your business expansion. With this dedicated eCommerce mobile app, you can easily manage your orders and integrate the readymade e-commerce app with third-party applications. Get hold of your users with feature-rich UI and UX.
Users will get a unified shopping experience with Zielcommerce as this mobile eCommerce app focuses on global selling with its inbuilt multi-currency and multiple language support options. The eCommerce mobile app, Zielcommerce has predefined marketing tools like SEM, CRM, advertising, and email marketing are well optimized with the application. This readymade mobile eCommerce app is PCI certified. Complete protection is ensured to the users with the secured payment gateways.
Zielcommerce is a perfect and complete mobile ecommerce app that can satisfy all the needs of the users and it is worth spending to own this exclusive mobile eCommerce app.
Mobikul has known for its reliable seller centric and customer-centric mobile eCommerce app features. This mobile ecommerce app is user-friendly with its interface and has attracted numerous users to enjoy eCommerce app development. Mobikul is a perfect Native app for iOS and Android platforms. This readymade mobile eCommerce app pays more attention to grabbing a global audience. And also this eCommerce mobile app remains synchronized with the website in real-time.
Mobikul can be taken into consideration if you plan for mobile eCommerce App Development for your business.
Leverage your business by engaging more customers with Ohoshop, a mobile ecommerce app. Understand the complete ecommerce app development and its functionalities by owning Ohoshop for your business. This readymade mobile ecommerce app has a search engine optimized design that attracts Google search engine and gets you more traffic to your ecommerce mobile app. The simplified order management system of this mobile ecommerce app will let you manage your orders effectively and will help you to deliver the products to the customers on time.
Ohoshop will let you understand the complete business process involved with mobile ecommerce app development and will make you utilize all essential features for the growth of your business.
Brainvire has never disappointed its customers when it comes to mobile ecommerce app development. Customers can get their demands and requirement completely fulfilled and they can get an ultimate mobile commerce app that can increase the efficiency of their online stores. It covers all business models and types. You can be B2B or B2C, the functionalities of the mobile ecommerce app developed by Brainvire will fit into your business and will get you greater returns.
The error-free functionalities and the user-friendly approach make Brainvire a standalone mobile ecommerce app builder in the digital market.
Infigic the best mobile eCommerce app development company that has crossed millions of users with its unbeatable mobile eCommerce app performances. Infigic analyzes the exact requirement of your business and will involve in perfect mobile eCommerce app development and you will receive a customized and scalable eCommerce mobile app. The readymade mobile eCommerce app developed by Infigic will have a responsive design that supports all electronic hand-held smart devices. The mobile eCommerce app will give a seamless browsing experience to the users. This will help you to acquire more new customers.
Infigic is a reputed mobile ecommerce app development company and you can blindly trust this company to develop your mobile ecommerce app.
Appsteam technologies can build you a robust and feature-rich eCommerce mobile app that can be used for your business management. The developed mobile ecommerce app is better geared for SEO that can easily get you organic traffic to your mobile ecommerce app. The PCI ready app will help your customers to have a secured transaction through your readymade mobile eCommerce app. The ecommerce platform will completely meet your dream app specification and you can get control of the digital market with your mobile eCommerce app.
Appsteam technologies have a team of experts who can support you in mobile ecommerce app development and can give you an error-free application.
Novelucent can build you a mobile eCommerce app that will a live dashboard through which you can understand the real performance of your mobile ecommerce app. You can have your eCommerce mobile app even without having a website. So it is very easy for anyone to start an online business. Novelucent utilizes all leading eCommerce mobile app functionalities to ensure that your business gains optimum result in sales and revenue.
Novelucent can ensure a perfect shopping experience for the users you use your mobile ecommerce app.
The mobile ecommerce app development process requires a lot of analysis and understanding of the business and its objectives. Without a clear requirement plan, there is no point in developing an mobile ecommerce app. Check the reputation and read the reviews given by the users of all the above companies. Select the perfect one that suits your business well and start selling your products through your mobile ecommerce app.
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We are here with a perfect eCommerce app development guide in which we will let you know about every aspect that’s imperative for a successful eCommerce app development.
The eCommerce boom is far from over, with trends like voice commerce, visual commerce, and social commerce on the rise. It is expected that the next decade will be that of eCommerce. Developing an eCommerce app is one of the most profitable ideas of the future. Here’s a list of the best eCommerce developers to help entrepreneurs in their journey of developing a top-notch eCommerce Solution.
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Fintech is one of the fastest-growing technologies in the world. With every passing day, this technology is expanding to a new level and making a benchmark. With the help of Fintech, you can easily encounter different problems related to payments, money, and banks.
According to Statista, In 2018, about 61 percent of Americans used digital banking, which is set to rise to 65.3 percent by 2022.
Banks and other financial institutions are developing customer-centric models that give an overall better banking experience for everyone, and they are taking help from Fintech to get the job done. There is a lot more to come in the Fintech industry to solve the financial issues with modern trends and development in Fintech.
In the coronavirus outbreak, the Fintech app development industry has evolved much and helped transaction money with any contact and overwhelmed support from banks and financial institutions. It seems like the support provided to Fintech will last longer, and with development trends, Fintech will become smarter, quicker, and convenient.
Read Full blog - https://rewardbloggers.com/blog/post/24486/fintech-development-trends-you-should-know-in-2021
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