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21 Nov

Does Business Website Really Demand Mobile App Development?

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E-commerce has been on the rise since last few years, and desktop sales still prevail over mobile sales though, advancements in application development can encourage a surge in mobile commerce (or m-commerce) seniority. The demand for mobile app development in retail is growing each year. Moreover, today’s retail industry heavily depends on an immediacy standard. As people are spending more time on their smartphones, businesses have to be compelled to adapt to accommodate the universal shift transitions towards mobile preference.

 

E-commerce Website

 

Branching out into the mobile app market may be a win-win for retailers. Mobile apps provide retail brands an true chance to offer customers the immediate, personalized shopping experience they like. In meantime, e-commerce store owners will leverage mobile features and in-app analytics to draw in, retain, and intuitively perceive the shopping/ product purchasing behavior of their customers.

 

Customers Now Have New Shopping Trends

 

The m-commerce approach to retail business shows no sign of slowing down. In a survey conducted by one of the major websites stated that 88% of respondents stated they used retail apps, and 61% of those using retail apps are active once a month.

 

By the end of 2016, m-commerce contributed $22.7 billion to online spending and accounted for nearly 21% of digital commerce revenue in the United States only. In the years to come, the mobile percentage of online spending is anticipated to double to an estimated 45% of the U.S. e-commerce market. Whether it makes sense to modify an existing e-commerce site to be mobile responsive or develop a brand new m-commerce app, it’s necessary for retailers to offer buyers with a more personalized shopping experience.

 

Social Media Integration

 

Social media integration is very effective for generating brand exposure. With more than 2.5 billion active users on Facebook, Twitter, Instagram combined, mobile app development companies found its installations are proven to improve app performance and functionality.

 

Yes, you can link content to social media channels with a mobile site, but social media integration produces the best results when it’s inherent to an app’s configuration. Apps that invite users to register with existing social media accounts dramatically improve the user experience. This feature simplifies the login process by eliminating tedious activation forms and reduces abandonment rates by giving users instant access to content.

 

Leveraging Features of Your Device

 

Mobile apps one-up mobile sites through the integration of inbuilt smartphone components. Tapping into GPS features and camera access can dramatically enhance satisfaction by adding a convenience factor to the user’s shopping experience. Apple Pay and Android Pay extensions also complement the user experience by improving functionality.

 

Users can receive location-based information about product availability and sales. Retailers can get even more personal by sending tailored push notifications with offers and coupons when customers enter a physical location. Mobile apps can also do some pretty amazing things with camera access. Augmented reality (AR) is taking the retail world by force with apps like Ikea Place, Sampler by Converse, Sephora Virtual Artist, etc.

 

Personalized Shopping Experience

 

Artificial Intelligence (AI) and Machine Learning (ML) are transforming the face of the retail and mobile app development industry in terms of data mining and personalized experience. These technologies take advantage of the consumer’s preference for involuntary experiences. Smart apps enable retailers with the technology to personalize product and inventory to a consumer’s changing preferences. Moreover, retailers can leverage contextual marketing tactics in a way that is both relevant and valuable to the consumer.

 

For instance, Burberry, a leading UK-based fashion company offers a number of loyalty and benefit programs that call for users to share profiling information, which the brand uses to offer recommendations and rewards. Burberry has also created a strategic link between both online and offline retail landscapes with AI technology. Customers can use their smartphones to scan barcodes in-store and receive product information, manufacturing details, and other instructions.

 

Are Responsive Websites Good Enough?

 

Developing a mobile responsive e-commerce site can be an affordable and effective way to put digital storefronts into the hands of consumers. Basically, developing a mobile responsive site is less time-consuming. However, users expect a quality and functionality that most of the mobile sites sometimes fail to deliver. Many retailers are still determining the right way to unify mobile experiences with their existing business strategies. A major area for improvement lies in alleviating the buyers’ frustration with mobile site navigation.

 

M-commerce enterprises fail to produce results when users are faced with performance and usability issues. Factors like loading times, short images, lack of relevant information, and network availability all present the same problem. It impacts badly on shopping experience of your online website. Today’s tech-centric consumer has revolutionized the value criteria for traditional retail, demanding more personal, consumer-conscious shopping experiences from retailers. Mobile apps are a lucrative resource for delivering the most appealing and functional, digital storefronts, and simultaneously serve as a measurement tool to track and improve online shopping conditions.

 

Closing Thoughts

 

Mobile applications are becoming a deep-rooted part of user’s day-to-day routine. While businesses can’t even imagine marketing their product and services with no digital presence. Thus e-commerce website and a mobile app is a duo which helps you grow your business at lightning speed.

 

Thus, if you want to develop a brand new mobile app for your online based business, we are here to help you. Panacea Infotech is one of leading mobile app development company, having gigantic experience in enterprise mobile app development. Our team of experienced developers analyze and understand your business requirements thoroughly and apply effective development tactics.

 

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15 Nov

What are the Primary Challenges to Adoption of Blockchain Technology?

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Any emerging technology goes through a hype stage. It takes a while to get the kinks out and for pilots and proofs of concepts to prove used cases and revise the curve to broad adoption. The power and disruption of blockchain development services are evident in the news almost every day, and people are beginning to acknowledging how blockchain distributed ledger technology functions. However, there are many issues currently slowing down adoption of blockchain.

 

 

Different Obstacles to Blockchain Adoption

 

Blockchain integration is presently crossing the chasm, and it is been expected that the next couple of years will be quite essential for resolving problems now slowing broader adoption.

 

1. Regulations

 

Regulatory entities sometimes trail technology innovation, and that is surely the case with blockchain. New products and services are rising based on blockchain transactions, but there are currently no regulations on how the transactions should be written. Even though auditability and transparency are promised benefits of blockchain, highly regulated industries may require developing new regulations for blockchain

 

Its distributed ledger transactions are likely to demand changes to industry regulations controlling financial reporting and auditing processes as well. Information-sharing regulations will likely require being modified to protect companies as well as their investors and their customers. In addition, laws will need to be enacted that govern smart contracts of the blockchain.

 

2. Standards

 

As with regulations, we currently lack one common set of standards for defining transactions on a blockchain. In reality, there is three open source consortium firms, each with its own standards and code. Part of this evolution is complicated by the large variety of utilization of blockchain development service. The most appropriate form standards will need to take in considering these use cases. The regulations that grow to regulate this environment will help drive the adoption of standards and may well drive these consortiums altogether.

 

3. Need More Validation

 

Another stumbling block to adoption of blockchain is fear that technology has not been tested enough in pilots and PCOs. Basically, what are the limitations of blockchain? Early POCs validate its scalability, but what are its disadvantages for handling a large number of enterprise data and transactions? Various applications will face different scalability issues as adoption increases. And how much time and computing power will be necessary to process a huge number of transactions?

 

Early POCs also confirm the security of blockchain for tamper-proof transactions. But some executives are bothered about whether the private information in a blockchain could still be shared outside the blockchain. So, there are problems with trusting the technology. Different traders are working on developing strong encryption and security mechanisms, and several blockchain entities and consortiums are evaluating different methods to ensure the technology is trustworthy for protecting private information.

 

The Obstacles Are Not Roadblocks

 

In short, the major challenge to adoption is that blockchain is still a budding technology. Hence there are unknown vulnerabilities or factors. But they will not stop it from being widely adopted. Trust will grow. Regulations will be legislated and standards will be defined. As discussed earlier, people expect astonishing changes will occur over the next two years that will shape the way blockchain is applied in businesses and also make it easier to implement.

 

Like any emerging technology, blockchain will mature in near future. But because of its potential disruptive ability in many industries, it will progress quickly. Surely, the blockchain development service providers in the market will take an active role in furthering the adoption of the blockchain.

 

When your organization considers applying blockchain to build a new value in your business, make sure you let the business to drive the investment. In other words, first look at the problems or needs of business that could leverage from blockchain and then apply the technology. Do not do it the other way around.

 

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08 Nov

How Magento Development Services Help Your Ecommerce Store Rise in Marketplace?

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Ways people used to do shopping has changed significantly in past few years. Earlier customers used to visit offline stores and malls for purchasing products. However, with a massive outburst in Internet usage in recent years, people have shifted their focus from offline shopping to online shopping. This has become possible only because of progress in ecommerce development services as more and more businesses are becoming digital to provide the comfort of online shopping.It gives them surplus opportunities to compare, choose and buy from a wide range of products.

 

Magento eCommerce Development

 

There are many ecommerce platforms available for the retailers to choose from. But Magento is one of the most admired and popularly accepted ecommerce platforms because of its extensive variety of user-friendly and SEO-friendly features. Moreover, it is an open source platform and is suitable for the application developers to do modifications in the source code as per their requirements.

 

Magento at Glance

Like WordPress is for the CMS industry, Magento is for the e-commerce sector. According to Magento’s website, platform operates more than 2,40,000 online stores and over 34% of top million sites of Alexa. Furthermore, leading online sites also use Magento than any other platform. The true power of Magento lies in its scalability and enterprise-based features. No matter what the size of your business or the number of products in your catalog, Magento can easily handle all your tasks. Moreover, when it comes to the online store, companies look for best Magento development company for efficient customization solutions.

 

How will Magento Development Services Help Your Business?

We are discussing such an ecommerce framework that truly offers developers the freedom to shape your business operations to grab more conversion rates and revenues. Now the question is why Magento has undoubtedly become a popular choice for a large number of esteemed clients?

 

1. Free and Open Source

Well, Magento is an open source platform and this itself means it is free. Programmers can access source code while they are developing the e-commerce stores. They can also utilize its flexibility and freedom with great customization functionalities. For instance, developers can modify the functionalities of the store as per requirements stated by store owners.

 

Furthermore, developers can have full control over things like processing and display information of store. Owners can also leverage complete control over the design and logic pages of a store. Another advantage of Magento platform is that its community version is also available for free. So if you are an experienced developer, you can have an e-commerce website for free.

 

2. Ideal Platform to Support all Business Sizes

Ecommerce sites that having the comfort of Magento are truly blessed due to its scalability. Since Magento is delivering services to some of the giants in the business place, it will not help to prosper the small or the medium size enterprises. But being scalable and flexible, Magento allows the entrepreneurs to form up their business according to their specific needs. The main vision of Magento has always been offering an all-important user experience. It will make customers revisit the same website every time they want to purchase anything online.

 

3. Makes Product Browsing Easier

It is a well-known fact that only those ecommerce business has shined in this competitive era, which allows their customers hassle-free browsing on whichever device they are using. The user can take advantage of all information related to the product making it easier to purchase it. Magento is one platform which never compromises on that front. The support for the international customers, acceptance of multiple currencies, options of various languages, and fast booking is what you can expect from this platform.

 

4. Powerful In-built Tool

The advantages of Magento development services is not restricted to only being SEO friendly but it also has very powerful inbuilt tools which improve the shopping experience. The platform is blended with HTML5 helping a great deal in seamless operations of ecommerce on mobile. Apart from supporting multiple clear images, it also has inbuilt video and audio facility. This acts as a guide for the customers visiting the website and navigating the products.

 

5. Extensions and Functionality

Magento provides a wide collection of extensions along with functionality. Merchants have a high chance of liberty and flexibility to optimise their store and make it robust. The most popular Magento extensions include “shopping cart”, “one-page checkout” and many others. Such extensions make online more customer-friendly with their advanced features and functionalities. Ecommerce retailers can have extensions as per their needs and budget.

 

6. Enhanced Security

Security is the first concern for the online store because businesses have to carry on numerous important transactions every day. If you do not have a secured platform, then it might put your online business at high risk. Magento understands the importance of security and hence, it offers a profound platform providing the users a sense of confidence and protection while performing their transactions. Magento EE is available with integrated Secure Payment Bridge that offers PCI data security standard for enhanced protection against unauthorized access and theft.

 

If you are looking best Magento ecommerce development services, then Panacea Infotech is here for you. We have a team of experienced Magento developers who will help you to provide result-oriented ecommerce solutions to take your business to whole new level in the market.

 

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31 Oct

Where to Take Mobile App Development in 2018: Latest Trends & Features

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A lot of companies have now realized that mobile applications are no longer an optional investment but they are a necessity. Hence, today market is flooded with a variety of mobile applications and very few of them make their way to the success in fierce.

 

Mobile App Development Catalogue

 

2017 so far proved an amazing year for mobile app development. Why? Because a number of a number of free applications downloaded in 2017 is 4 times greater than 2012. To be more precise, in 2017, more than 250 billion free mobile applications have been downloaded so far. Therefore mobile application development is one of the most actively growing sectors in the industry now.

 

The application market is majorly ruled by iOS and Android Apps, Social Media, lifestyle, and gaming apps. Big companies (retailers, banks, hospitality etc.) are using mobile applications for branding, increasing customer engagement, direct marketing etc., while small and midsize businesses are also following the mobile trend and creating their own apps.

 

So what will be the mobile app development trends in upcoming years? What features mobile app development companies  should include an application? Let’s discuss it now.

 

Internet of Things

This year, it has been noticed that smart homes are becoming more collaborating. Intenet of Things (IoT) integrations involve intricate mobile platforms and backend infrastructure for developers to communicate and share data between all devices for a combined experience. For instance, Nest and Ecobee are two giants that have pioneer smart home technology. Data analytics has become a key aspect for mobile app developers as data storing and sharing requires a quick and efficient access. Developing an IoT-based application is same as ordinary application development and they are innovative by default. However, most of IoT solutions often require integration with third-party.

 

Wearables

In wearable technology’s era, marketing focused predominantly on consumers. But recent developments suggest the juggernauts of the wearable tech industry are now creating products oriented toward applications. Manufacturers of wearable devices promise the business world improved efficiency and productivity, but do they deliver? According to research, the numbers are promising till now as wearable tech could improve productivity by 8.5 percent and employee satisfaction by 3.5 percent. While it’s hard to justify the expense of wearable tech in many sectors, some industries lend themselves especially well to its use. For example, in healthcare, surgeons might wear Google Glass to watch a patient’s vitals during an operation without having to interrupt the procedure to do so. Likewise, in the manufacturing industry, companies have used devices like XOEyeTechnologies XOne safety glasses, which can scan barcodes and stream video in real time to technicians off-site.

 

Accelerated Mobile Pages (AMP)

Google’s Accelerated Mobile Pages (AMP) empower a solitary search index for mobile application pages. This index helps apps to minimize bounce rate and load faster in browsers. Afterall, for the mobile-based web, speed is the most crucial factor. AMP has made possible for everyone from mobile app owners, publishers to marketers with augmented visibility on SERPs (Search Engine Result Pages) and boost in downloads. AMP has proven successful in improving the user experience, thus it is considered to be one of the most important mobile app development trends in the upcoming year.

 

Lazy Loading

This is one of the fascinating development trends 2018 to keep an eye out for. The main reason behind Lazy Loading is very straightforward, it loads in before it runs and allows it loads when users turn off the screen. Lazy Loading has eliminated transmission capacity for users and organizations, similarly, both truly and naturally. This pattern will stay and conceivably experience somewhat more wandering of features, all over.

 

Final Thoughts

Planning a strategy for application and encouraging users to download applications is not enough. You need to make sure that users consistently use your application. Panacea Infotech is a leading mobile app development company that follows the latest application development trends to ensure that your application takes a significant position in the market. If you have any development requirement feel free to contact us and give your business a completely new direction.

 

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24 Oct

How Could Artificial Intelligence Drive Enhancement for Mobile App Development?

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Artificial intelligence (AI) is quickly becoming one of the most popular topics in both science and business and other leading mobile app development companies are showing interest in AI investment. Google’s DeepMind is the best example of mainstream AI application. Google has invested around $400 million in this AI-based project. A study conducted by one of the famous research institutes revealed that tech leaders, for instance, Baidu and Google spent between over $25 billion on AI last year. To be more precise, they have spent 90% of the budget on R&D and deployment while 10% on AI acquisitions.

 

Mobile App Development | iOS Application Development

 

However, AI applications are not just limited to digital assistants like Siri. Actually, they can be implemented for different purposes such as ecommerce security. These days, many businesses are focusing to develop AI app to transform customer experience to a whole new level.

 

Basic Concept of Artificial Intelligence

 

Recently many companies are utilizing AI-powered tools or software to actively engage and ultimately retain their users. But what is it exactly? Well, AI is an umbrella term that involves capabilities like machine learning and vision, language processing, knowledge management, and more. To explain in it simplest way- AI is a machine with the ability to copy intelligent behavior. AI has unending possibilities, however, within the context of mobile app development, it can be implemented using context-aware sensors or chatbots.

 

What are the Best Tasks for AI in Mobile App Development?

 

Neural networks are not the valid solution for everything, however they best at dealing with complex data. Many times applying AI in mobile applications is still related to the inclusion of personal assistants. But there is a larger perspective to that – AI is used to analyze and study our habits inside of various apps and better serve us. App developers and marketers are now closer to understanding user behavior on the app through different actions such as preferences, like purchases, and more. Deep Learning is the science to ‘teach’ the machines identify patterns and then relate these ‘learnings’ to figure out various complex queries. It also allows learning behavior patterns of users in order to make the future sessions personalized and seamless.

 

Another feature that takes a significant place in mobile app development is sentiment analysis used for app analytics. For instance, Appbot offers its users with a useful piece of information as sentiment analysis of app reviews from Google Play Store and Apple’s App Store. It can be used to gain an understanding of the emotions, attitudes, and opinions (positive, negative, or neutral) expressed by users. This understanding of the customer allows providing the most relevant content and features.

 

Major Use Cases For Applying AI in Mobile Apps Could be Identified as:

 

Automated Reasoning: In this scenario, computers/machines are designed in such way to apply effective logical reasoning skills to solve problems. For example, to solve puzzles or to prove mathematical theorems. By applying automated reasoning machines are trained AI machines to beat humans at Jeopardy, chess, stock trading, etc. Moreover Uber uses this method to optimize routes and get the passengers to their destinations faster.

 

Recommendation Services: It is the most effective and simplest AI-based mobile apps that can be utilized in almost every solution. The reason why most apps fail within a year of launch is that they fail to provide relevant content to frequently engage customers. You may be delivering fresh content but if it is not something that is interesting to the end user then it is not worth the time you spend creating it. Recommendation AI services monitor the choices users to make content and insert the gathered data into a learning algorithm. It will help apps to make recommendations based on user’s likes and dislikes. These types of applications are a powerful source of revenue. For instance, entertainment app like Netflix. Yet any business that up sells or cross-sells content can utilize this type of AI, even if it’s currently a manual process handled by the sales or marketing team.

 

Learning Behavior Patterns: Most platforms have the ability to learn users’ behavior patterns to make the next session easier. For example, Snap-travel is a half-human and half-bot hotel booking service. It uses machine learning and natural language processing to have real-time conversations with customers suited to their choices. If a user deceives the bot with a request, a human agent intervenes and educates the bot how to not make the same mistake next time. Another best example of AI learning is fraud detection for online payments. Pattern-detecting algorithms go through your credit card statements and purchases as they happen, and can detect if you’ve made a recent purchase out of the norm of your behavior.

 

The growth of AI is bringing new possibilities for Android and iOS application development. Started with the Apple’s personal assistant Siri, it has a lot of potentials to advance in upcoming years. Thus, if you have AI-based application development requirement, Panacea Infotech is always ready to help you. We have a team of developers who are well experienced with the latest technology available in the market.

 

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16 Oct

6 Ecommerce Application Development Tips to Increase Sales of Your Online Business

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No matter how much your budget is, there are always strategies to boost up sales and scale your business. However one of the trickiest aspects is increasing your sales when you are dealing with a tight budget. Whatever the consequences are, it could be challenging to while holding your marketing and advertising bucks under control.

 
eCommerce Application Development Services
 

The ecommerce development services are at an all-time high with sales growing exponentially year-by-year. As ecommerce popularity grew rapidly, so does the competition. The market share is highly fragmented and each online business is fighting off a thousand others for grabbing the valuable attention of customers.

 

In such a case, digital marketers have to think of inventive ideas and tactics to escalate conversion and grow their online sales. But most of the times, companies never know what strategies and methods are going to work best for them. It applies even to 100% working strategies because there is always room for improvement. So the bottom line is the only way to find out what works and what does not for your e-commerce business. Thus here few important tips to increase your online sales-

 
1. Secured Website and Payment System

Cyber-security is becoming a daunting and very real problem. When numerous massive incidents of data and security breach occur each year, you must deal with security of website carefully. Customers are naturally somewhat unwillingly to provide their personal details such as credit card/debit card information etc. for online payment. Make sure that your site is secure, patched for any potential risks and it should display confirmation about the secure transaction to the customer. Use security symbols/badges in high-traffic touch-points of your e-commerce application development and checkout areas to give your customers the confidence to shop.

 

Customers feel more confident and trusting when you offer different options for payment. For instance, some prefer PayPal, while some use credit/debit card whereas some only use the cash-on-delivery service.

 
2. Talk to Your Current Customers

Your current customers are one of your great resources to increase your business revenue. It is much easier to up sell clients who are already familiar with your work. Because they know the quality of your product and services and have already incorporated aspects of your services into their business.

 

If you have built a good relationship with your clients, and they consider you a trusted partner, then they are likely willing to share current challenges they are facing. By listening, you can easily analyze how you might be able to help them address these challenges by offering new or alternative products. This approach allows you to continue to be a good partner while also increasing your revenue.

 
3. Provide Detailed Descriptions

It is most common and true that some users have fear of online shopping as they have a tendency of “what you see is not what you get.” For example, with clothing especially it is difficult to decide. Despite sizing charts and other tools, there is always the uncertainty of fit. Deciding the style, material, and fit based on photos involves a leap of faith.

 

Thus, you require providing precise and helpful product descriptions and as many photographs as possible with a 360-degree view. Size guide, reviews, and fit surveys (where customers can rate the accuracy of sizing) increase the confidence of customers in shopping with your company. There are many helpful guides and tutorials available on how to write accurate product descriptions that sell.

 
4. Use Social Media for Marketing Your Services

If you have a small number of followers on Facebook or Twitter, using social media to promote your product and services is an amazing method to increase customer awareness. Customer testimonials, as mentioned above are perfect for posting to social media feeds, and can spark interest in your offerings.

 

Additionally, do not just view social media as a marketing tool, but as an open line of communication. Use it to disseminate interesting industry information, re-tweet or re-post articles of particular significance or further illustrate how your business works, perhaps with behind-the-scenes photos or videos. Social media is first and foremost social; use it as a personal touch point to your audience.

 
5. Bundle Your Product and Services

Many small businesses have found success by selling bundled products and services as a package rather than individual offerings. Customers equate a bundle of services with savings, even if the savings are nominal, making it a much easier sell for you. If possible, try to keep your bundles somewhat flexible; a potential customer may reject a bundle because he or she feels that only three of the six services apply to his or her business. If you can stay flexible enough to swap out different products or services to align with multiple needs, you’ll find success.

 
6. Product Review and Ratings

Product descriptions are a good job of showing facts and figures. Skeptical buyers often turn to user reviews and product star ratings to judge the authenticity of your brand and its goods. But it is important to keep it authentic. Genuine reviews can seem counter-intuitive especially when some honest feedback is bound to be negative. However, customers are possible to trust your website and services when they see authentic reviews. This ensures the customers that you value customers opinions whether they are good, bad or ugly and that you are willing to put customers interest first.

 

There are many other proven ways to increase customer confidence and in turn the rate of conversion. Panacea Infotech provides extensive e-commerce website development services that help you improve the rate of conversion and strengthen your brand.

 

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10 Oct

How to Integrate Payment Gateway in Your Enterprise Mobile Application?

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Today mobile payments are being utilized all over the globe in many different forms. A research organization predicts that the alternate payments industry comprising online, mobile and contactless segments will post a CAGR of 17.6% over the period 2012–17, with revenues increasing from $740bn in 2012 to $2,700bn in 2020. The largest revenue-generating portion of the advanced payments industry is the online payment segment.

 

Mobile App Development Company

 

A native iOS or Android application development for your business is an ideal planned decision to capture the online payment market. But before developing an enterprise mobile app, you need to understand how payment gateway integration in iOS and Android works. To know more about integration, you need to first decide the payment gateway.

 

Let’s Know the Mechanism in Short

In real life, the example of a payment gateway is a point-of-sale machine, or POS (Point of Sale), which could be easily found in any retail store. You might have heard thousands of times the phrases like: ‘Sorry, your card was declined…’ in case your payment was not approved and ‘Here is your check, please…’ in case your payment was successful.

 

What happens? The POS sends the credit/debit card information to its issuer to validate if the owner has enough money when you do a shopping. In other words, POS acts as a middleman between a client and a financial enterprise. If a customer wants his/her payment to reach its destination that is in a seller’s account, seamlessly, then the second person needs to select a valid payment gateway. The same should be done to our prospect ecommerce application.

 

Payment Gateway for Mobile Apps

It seems to be easy to follow the similar logic in the case with a mobile app, actually, the situation is a little bit different. What you require to have as an owner of a bricks-and-mortar store are a payment gateway and an account of the merchant. If a mobile application is being developed, the situation is almost the same. In fact, it is essential to have this account in both cases as this is where your money is held before they will be moved to your actual bank account.

 

What is about an application? The mechanism of the payment process is as follows: a user chooses some products in your app, if they wish to buy them then they are moved to a cart. This cart holds up with a payment gateway, which performs the exact function as a POS in a retail store. What is next? The request is then sent to a card processor, once your payment is approved, the detailed information goes from the gateway to the merchant account, here it’s stored for several days until it is sent to a merchant’s bank (your actual one).

 

Types of Merchant Accounts

There are mainly two types of merchant account suggested by third-party payment processors:

 

  • Dedicated merchant account

  • Aggregated merchant account

 

The first type is set up just for you individually, and, of course, it is built for the additional money. The total amount of money depends on a provider. Having the committed merchant account means more control over your money. But it has a drawback: the accession/acquisition process can take a lot of time and you will need to provide a detailed and lengthy formation about you and your company affairs. Then you will require to go through an extensive credit check and so on. Authorize.net and PayLeap are good examples of companies that provide the dedicated accounts together with additional services (these are usually included in a package for free).

 

If you select an aggregate account, it means that your funds are in one bunch with other money of merchant. Payment gateway services like PayPal, Braintree, and Stripe give the opportunity to get the aggregate merchant’s account. You still need to provide some information about your company and products to be sold. However, the acquisition process is not that complex and you can get your account sooner.

 

Integration with an App

And the last but the most interesting part- integration. As we mentioned earlier, every provider offers a developer SDKs. These include robust mobile libraries that make your job easier since credit cards data are processed by them. It means that mobile app development company needs to make less effort for implementation and not that vulnerable to PCI compliance. You can find these developer kits on official payment gateways sites. Utilizing them, you can build payment forms for users’ data collection.

 

Stripe, for instance, provides two options: you can either use their pre-built form component or build your own from scratch. That is good as you have full command over UX since you have an opportunity not to use predefined widgets. If it comes to the payment gateway in iOS, the best part of providers work with Apple these days. With this feature, iOS users can seamlessly pay with one touch inside a mobile application using a credit card data stored before in their Apple Accounts.

 

If you need extensive business startup solutions, feel free to contact Panacea Infotech. Our team of expert developers helps you to develop robust mobile applications and website to grow your business successfully in the competitive marketplace.

 

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04 Oct

Major Challenges that Developers Face With Latest iOS App Development Trends

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Apple’s operating system iOS brings new capabilities and challenges for developers with each new version. Since 2007, Apple is changing the face of mobile app development companies by constantly bringing new technology to the market. iPhones are their most successful invention and they have revolutionized the lives of gadget savvies significantly. With a new release of iOS expected almost every year, there are a few challenges that developers are having to contend with.

 

iOS App Development

 

Nevertheless, to attract more audience, iOS developers should need to work hard to overcome different challenges. So let’s have a look at those challenges one by one.

 

Compatibility of Application

In iOS, it is surely easier to battle with compatibility, however, it is still a tough process for developers. It is difficult for developers to determine that which version of iOS will an application support? Several Apple products such as iPhone, iPads, etc. are accessible in the market for use. Thus it is important that every iOS application must be compatible with all the Apple products. Application compatibility is a challenge for instance, if new iOS version launched in the market, developers need to create an application in such way that it should support forward as well as backward compatibility.

 

System Limitation with Performance and Memory

Another crucial challenge that occurs during iOS application development is managing the memory. Also, the performance of an application largely depends on how much memory does your device have. Well, iOS smartphones do not come with garbage collection function. Here, one can have the risk of the application being terminated, if it becomes a source control. Even if you decide to develop an application for a single version, do not forget that there are multiple devices with different memory capacities. Some popular iOS applications like games are of several Gigabytes in size and need a huge amount of memory. Thus, the app developers should consider these memory management problems wisely while developing the application.

 

Battery Usage Optimization

Well, along with memory, battery consumption is also one of the prime concerns while developing any kind of iOS application. You might think, a couple of generation-old iOS devices are most likely to relate to battery consumption problems. But sometimes new generation iPhones also consume a substantial amount of battery. And apps that consume more battery more likely to be deleted from user’s smartphones. Developers should carefully ensure whether an app is running well or not in the background. It should avoid the use of unnecessary processes that drain down the battery level.

 

Lame Network Condition

Nevertheless, network speed won’t be a big deal for every developer, it is a matter to pay close attention if your app involves streaming services like live streaming. So, in this case, you really have to put extra efforts to make your application more effective. Still, your app needs different network frequencies to perform different operations. For example, video sharing or streaming requires strong network connection than image sharing or chatting. Thus it is essential to test your iOS application under Network Link Conditioner. On-demand video provider company Netflix, for example, uses restrict video quality concept to help people adjust to the data demands.

 

App Store Approval

There are around 1.5 million applications in Apple’s App Store, so definitely you are not the first one to face such a problem through the approval process of App Store. If you want to understand the reasons for the app store refusal you would get numerous reasons on the Internet. Your app can be rejected just for a simple rule violation. And since the Apple’s policies change frequently, you should be familiar with all those latest terms and conditions defined by Apple for application submission on App Store. Be sure to go through and understand complete guidelines of App Store before beginning the task of iOS application development. Working along with the rules and regulations saves your time and helps you through different investment challenges.

 

Crap App Copycats

This issue usually props up mostly in the case of gaming applications. For example, you develop a game in the form of an app and then you get to know that your idea, style, mechanics, and other things are getting copied by somebody else especially if the game becomes popular. This sounds quite frustrating. Don’t get into this groove. Instead, keep on changing the tactics and adopt new techniques to remain ahead.

 

Beta Testing

One of the optimal methods that you can implement for testing the app performance. You can test whether your app is functioning well and if there is any problem. It also helps in the removal of the bugs if any and this is how you can satisfy your audiences and get more of them. You can also say that it helps in-app promotion.

 

If you are planning on becoming an iOS developer, it is necessary for you to stay abreast of the latest iOS mobile app development trends. You can join the with influencers in the field through Twitter or LinkedIn and contribute to the community by sharing your own learnings. Being on the cutting edge through reading, engagement and community is the easiest way to be prepared for any future challenges that pop up and avoid any nasty surprises.

 

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29 Sep

The Current Situation of On-demand Taxi Booking App Services in India

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The growing competition is helping- with new businesses entering the Indian market, it is helping the category to get the long due attention. The industry “taxi business” which moves passengers across India is emerging at a fast speed with new technologies, on-demand services, urging customers, new marketing trends, and dedicated service providers are all helping it to fortify amongst organized industries and build Indian brands which can expand beyond the borders of India. Consequently, it is the greatest opportunity for mobile app development companies to give a rise to taxi app development to make car rental industry outshine again.

 
Online Taxi Booking App
 

A Quick Glance on Taxi Industry

In India as well as worldwide, taxi services market is surprisingly unorganized. However, in past few years, companies began capitalizing this market and in meantime, several small and large radio taxi operators proliferated rapidly in the Indian market. Since 2009 the taxi market has witnessed the Compounded Annual Growth Rate (CAGR) of 41.90% in terms of business revenues. Growing consumers disposable income along with lame public transport system in the country has given rise to a new market of on-demand taxi services.

 

Nonetheless, on-demand taxi services market in India has huge potential. There are very few players in organized radio taxi services who have unsuccessfully addressed the demand due to unavailability of a required number of cabs. It is expected that Indian radio taxi service market will reach 30000 taxis by 2017. The company such as Meru Cabs has resulted in 120% increase in net profit after tax which shows the on-demand taxi services has great future in India.

 
Rise of On-demand Cab Booking Services

A smartphone and a good Internet connection are almost every individual needs nowadays to fulfill entire spectrum of his/her daily needs. Well, tech-savvy Indians have apps just for everything. From movie ticket booking to scheduling physician’s appointment, ordering groceries to book a cab.

 

The on-demand taxi trend has truly changed a huge portion of people in country who commute on daily basis. The hour-long waiting and shelling out excessive prices for the services of a neighborhood is now over because of on-demand taxi services.

 
Popular Online Car Rental Apps and Services in India

Zoomcar: From a Nano to Mercedes, Zoomcar is a well-known car rental service provider in which customer can take and drive it by himself/herself.

 

Ola Rentals: It provides multiple types of vehicles. Launched in 2016, their attractive pricing makes them a suitable option for those who want to shop around the city, attend special events, or make a family visit.

 

Uber Hire: Uber is best for those who have to make multiple stops while traveling across the city. It is perfect time based on-demand service operating across 8 major cities in India.

 
What are the Different Challenges?

Though taxi business has great future ahead, it is still full of different challenges. This industry is bursting at the seams with competition as many cab aggregators have emerged in last few years. So let’s have a look at those challenges and what it really takes to be a leader.

 

1. App-only Strategy: Many cab services are available on
taxi booking app
means only in an app-only mode. Thus, users have no other option but to download their app. Even if smartphone users are plenty in numbers in India, not all are comfortable to flood their device with multiple apps. Confining to just app only mode will make people look out for more convenient options.

 

2. Cashless Payment: Many cab aggregators are tying up with digital wallet companies to opt cashless payments. However, many customers love to enjoy benefits like cash back offers and discounts, they are not still ready to go cashless way. While many still have fear of fraud and hacking with the cashless payment method. Thus, people still prefer cash payment method for their rides.

 

3. Pre-booking Facility: Here is one of the biggest drawbacks that many taxi app solutions still lack the feature of advance booking. You don’t want to waste time tracking cabs when you have to rush to airports or pay four times the regular amount during peak hours.

 
The Way Forward

The next five to ten years will witness a boom in the industry, which will outclass the old players present in this segment. Owing to this cut-throat competition, the taxi app development company is going an extra mile to ensure that every need of the customer is kept in mind. Apart from conventional car rental companies, there is a lot of direct and indirect competition on the anvil. With a difference in the business model, entry of new players changes from the separate fleet to hourly rates to just being intermediary connecting drivers with passengers.
 
For example, we have developed a brand new Cab Booking App – OnDemandTec.
We have thoroughly analyzed current Car Rental Market and overcome all existing challenges in it. Some of this competitor neither own the vehicles nor maintain them, but only act as a marketplace. However, one will be able to be a long-term player and benefit from operating a substantial fleet with a wide range of options. These options need to be centric to the needs and want of the consumer and innovative enough to re-define their choice as well as ground transportation in India.

 

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27 Sep

Transformational Potential of Blockchain Development Service

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Ever since blockchain outbreak onto the scene, it is been a phenomenon surrounded by a lot of hype and expectation, but the yesteryear seems to have seen this grow to a complete new level, with Initial Coin Offerings (ICOs) receiving almost as much hype as their namesake the Initial Public Offering (IPOs).

 

BLOCKCHAIN DEVELOPMENT

 

Today, there’s a sense that most of the cryptocurrencies created using blockchain development have been only really good as an investment rather than a currency that can be utilized to actually purchase things, and so long as this is the case it seems certain that the consequences attached to Bitcoin, Ethereum and their like will be incredibly high.

 

Practical Use

 

There are early signs however that cryptocurrencies will gradually become something of practical use to its owners. For example, the co-housing firm The Collective recently announced that residents in its facilities will be able to pay their deposits in Bitcoin, while they plan to allow rent to be paid the same way by the end of 2017.

 

True motive of The Collective behind adopting Bitcoin has a certain reason. As per them- the growth and adoption of cryptocurrency worldwide, especially Bitcoin, is a captivating development in how people reserve value and transact for goods and services globally. Numerous investors and savers now using and becoming more comfy with cryptocurrency, people will believe to be able to use it to pay for essentials of life, including housing deposits and rent.

 

They remain very much in a smaller number however, with small and niche retailers in most cases the only ones that at present accept Bitcoin, or other cryptocurrencies, as a form of payment. That is much less in the case with blockchain as a technology however, where a extensive range of early attacks have been made that take advantage on the power of blockchain technology to offer protected and accountable data management.

 

The Growth in Blockchain Development Services

 

There are countless applications running on blockchain technology. From banking to transportation to employment, blockchain development services are growing rapidly.

 

1. Shipping and Transport

 

Denmark-based shipping company announced initial results of their experiment with IBM to use the blockchain technology to track containers as they navigate the globe. As a worldwide known container logistics company, Maersk has the ambition to digitize the global trade. As per them, the utilization of blockchain in their business has brought substantial efficiency and productivity gains to global supply chain, while increasing security and decreasing the fraud.

 

2. Energy Production

 

Green energy startup Power Ledger, are making the use of Echochain, which claims to be a greener form of blockchain. The main objective of using blockchain in is to make it easier for people with renewable energy installed on their houses or property to sell it on other consumers.

 

3. Healthcare Blockchain

 

The potential is probably magnificent in healthcare industry however, where a number of projects have increased that utilize the technology. For instance, earlier this year AI division DeepMind of Alphabet announced the launch of a blockchain for maintaining the healthcare data. The vision is to automatically record every interaction with patient data in a secure manner. The tokens, known as PTY, will be exchanged via a closed loop and secure ledger system that aims to link up all parties in the healthcare ecosystem to allow exchange of health data within a highly-secure, blockchain powered Health Information Exchange (HIE).

 

Blockchain to the Future

 

Will the blockchain fulfill its promises and become a technology which fundamentally transforms societies,economy, and social organization? It is the question that nobody can answer, yet but we can end with important factors that will greatly affect the future of the blockchain:

 

First what are the motives for people to switch from current institutions to blockchain-based ones? In other words, are the capabilities of lower transactions costs, data ownership, and the removal of corruption credible enough to convince the large number of people to make the switch?

 

Secondly, who has the incentive to develop and facilitate the blockchain? Will banks, for example, find business models for blockchain applications or will blockchain technology become a competitor for change-resistant institutions?

 

Finally, will blockchain give lift to applications that will become so crucial for societies that people simply can not use other alternatives? Only time and fortune will tell, but one thing is sure: it is an exciting time to be alive in a digital world.

 

Do you want to know more about blockchain development? Panacea Infotech is leading blockchain development service provider to help you out. Be sure to contact us if you have any requirements.

 

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