eWallet App Design: Steps, Components, Principles & Considerations

eWallets are taking over the fintech market by storm.

However, more often than not, start-ups and entrepreneurs are introducing the half-baked design of an eWallet that leads to poor responses from the user.

Here, we shall be going through everything and anything design-related, giving you an in-depth dive into the world of mobile app design for eWallet.

Why Does eWallet App Design Matter So Much?

Do you want to create an eWallet app?

By 2025, eWallets will become a trend with billions of users across the world and trillions in industrial value.

However, there’s one big thing that many top businesses neglect: “digital wallet app design.”

Statistics show us,

• According to a study by Stanford University, users form an opinion about your app within the first 50 milliseconds of using it.
• People spend more than 5 hours per day on their mobiles
• Another study found that apps with the highest user engagement had 40% better design than those with low engagement.
• Clutch’s report shows us that 70% of users form an opinion about a company based on its app.
• A study by Forrester found that companies that invest in good design see a 212% return on their investment.
• Reports suggest 90% of users have stopped using the app due to poor performance.

These statistics show the importance of mobile app design and how bad app design can affect the performance of your eWallet app.

If you want to make your app successful among people, it’s important to invest in mobile app design for the eWallet platform.

Design Principles to Apply in Your eWallet App

Everything “good” and “appeal” in the design world is driven by principles. That’s why when we are talking about digital wallet app design, there are some UI and UX design principles to keep in mind.

We have watered it down to the most essential ones.

So, let’s get right into it:

• Simplicity and Clarity

From architecture to a fintech app design, simplicity and clarity are two qualities that are highly appreciated.

That’s what the first principle of mobile app design tells us: to keep the design minimalistic and provide a clear hierarchy using cues like size, color, and spacing.

In addition to this, it’s also recommended for designers to use intuitive icons and labels.

• Security and Trust

eWallet app security is the most important element of the platform, and yes, it’s highly related to the eWallet mobile app design itself.

Therefore, during the eWallet mobile app design, it’s important to look after security and trust factors. For this, the platform should include features like Multi-factor authentication, Real-time transaction notifications, and transparent data handling.

• Efficiency and Speed

The EWallet app is known for its convenience and speed.

This can be achieved in the app design by going after features like one-click transactions that allow the user to make common payments and transfers with a single tap or click.

Adding quick access to balances and recent transactions can also help improve efficiency. Plus, it’s also important to offer seamless integration with other services.

• Personalization and Customization

To drive user engagement with the digital wallet design and capture their attention, it’s important to personalize and customize the experience.

One approach is to allow users to personalize their apps. In other words, let users choose their preferred language, color scheme, and notification settings.

In addition to this, you can also offer budgeting and financial management tools. Thus, it helps users track their spending, set goals, and manage their finances effectively.

Another amazing eWallet app feature to consider is loyalty and rewards. By implementing rewards programs or cashback incentives, businesses can encourage users to stick with your eWallet app.

• Visual Appeal and Branding

Start with a consistent and cohesive design. In other words, designers should maintain a consistent visual identity across all screens and elements of the app.

And to take it to the next level, make good use of brand colors and typography. One thing to keep in mind is that you should reinforce brand recognition by using your brand’s color palette and fonts throughout the app.

Lastly, let’s add a fun element with micro-interactions. All you need to do is add subtle animations and transitions to make the app feel more engaging and enjoyable to use.

So, these are the design principles for an eWallet app to keep in mind. With that out of the way, let’s look at the components in the section below:

E-Wallet Mobile App Design Components

The first step is knowing about its different components.

So in this section of the Digital wallet design guide, let’s look at the same below:

1) Background

The e-wallet app background needs to directly relate to the brand identity. The background should flawlessly incorporate several different elements of UI design, including icons and third-party logos.

2) Animation

This is a standard digital wallet system design element for e-wallets that prioritizes high-quality user interaction through several app screens and features. But don’t think of animation as a prominent design element, they’re just there to support the overall design.

3) Color Pallets

Color palettes have more uses than just making the app visually appealing. Studies have shown that more than 60% of individuals are attracted to an app based on its color theme.

4) Color Gradients

Since 2017, gradients have been a graphic design trend. However, I’m not personally a fan of gradients. However, according to studies, a subtle mix of colors is pleasing to the eyes of users.

5) Isometric Designs

The reason behind keeping the design elements isometric is that with e-wallet apps, there are several things (information/content) that you need to incorporate into a single screen.

For example, the home screen will have to contain payment icons, balance icons, transaction history graphs, third-party bills, utility services, offers, and more. For all this information, you have to keep your system design digital wallet isometric.

Collaborate with Renowned eWallet App Designers

Collaborate with the best eWallet app development company, Nimble AppGenie.

We have a team of UI/UX designers with hands-on experience in designing some of the well-known digital wallets, including SatPay and Pay By Check.

If you want to hire mobile app developers and designers who can create an aesthetically pleasing and visually appealing eWallet app for you, we are here.

Conclusion

Although for many designers it gets cumbersome to design an e-wallet, FinTech app designing experts find the challenge very interesting. You could argue that, as there are already many e-wallets on the market, we can just copy their design, tweak it a little bit, and launch our app.

Well, there are a lot of aspects where your e-wallet app should be distinguished from your competitors. This is where you will find the largest opportunity to do business in this market.

Always remember that not every e-wallet is successful. Hence, you need to make sure that the product you deliver to your customers is built with perfection to meet their specific needs. This perfection begins with an astonishing UI/UX design.

FAQs

Niketan Sharma

Niketan Sharma is the CTO of Nimble AppGenie, a prominent website and mobile app development company in the USA that is delivering excellence with a commitment to boosting business growth & maximizing customer satisfaction. He is a highly motivated individual who helps SMEs and startups grow in this dynamic market with the latest technology and innovation.