A Breakdown of the eWallet App Tech Stack

Creating an eWallet application is not just the process of programming but of developing a trustworthy, &secure financial utility.

It actually starts at the very bottom with the eWallet app tech stack which allows for a better assessment of specific concerns.

In this guide, you’ll learn what a digital wallet tech stack is, why it matters, the core features involved, examples of the apps you use, and potential issues. Let’s get started!

What is the eWallet App Tech Stack?

Generally, an eWallet app tech stack simply defines the technologies that are geared toward creating and running the eWallet application. This includes the user graphical interface, server-side architecture, databases, application programming interfaces, and payment systems as well.

As you plan to develop the eWallet app , you will have to think of it as composed of multiple layers. Each layer has its significance:

A) Frontend: This is the face that the users will use. This includes the users’ experiences in terms of design and overall exposure. To use an analogy, it is the face of the applications in question.

B) Backend: This is where all the magic happens behind the scenes. It is responsible for data processing, verifying the identity of users, managing transactions, and linkage with payment systems.

C) Database: This is where users, clients, transactions, the application’s various operational aspects configurations, etc, are retained. It also has to be highly secure while at the same time easy to access.

D) APIs: These are responsible for facilitating interaction with other services within App e.g. payment systems and external databases.

It is essential to understand the tech stack for the eWallet app because it helps determine the efficiency, safety, and growth potential of your application.

Why Choosing the Best Tech Stack for Your Digital Wallet App Important?

One of the important questions that anyone can have in their mind is “Why is the eWallet app tech stack important?”.

In the below section, we are going to share some points that will help you:

1. Performance

In the case of your eWallet app, speed counts incredibly much.

You want your users to get a great and fast performance throughout their use of your site or application.

Every best tech stack for digital wallet apps provides you with the necessary support for your app to perform well even when it is in high demand.

If the users find lags or slow navigation when coming across their applications, they can leave the app instantly for another similar application.

A strong foundation of technologies is ensured to have the entire load of the massive traffic and retain users with good interactivity.

In a nutshell, high performance makes the users much happier and likely to keep coming back.

2. Security

In the world of eWallets, security is one of the non-compromisable parts.

So, it is vital to distinguish functions that can improve app security and functions that are less important from the security point of view.

You’re working with the financial data of your clients, and your users must trust you.

Decisions on the choice of the tech stack should include the incorporation of efficient protection methods into this area.

Search for payment systems that are protected according to the standards of the PCI-DSS.

In other words, the more a user is aware that their data would be safer with your app, the more it would command their trust.

This trust can be a great tool in developing other long-term business relationships with consumers.

3. Scalability

Think about your app becoming an overnight sensation, how would you feel?

However, with time come the issues of accommodating more traffic and, consequently, more transactions.

The scalability of a Tech Stack lets you build as well as develop the eWallet app and let it become concomitant with your growing audience.

It is unwise to experience difficulties in performance when several users register on the platform.

Scalability planning in general allows an application to be designed in such a way that it can handle the load that you expect from it without losing much of its performance.

This flexibility is probably the biggest factor for sustainable success.

4. Maintainability

Technology is never constant, and neither should your application.

That’s where maintainability comes in as it encompasses all the things that are left out by other software qualities.

Maintaining a solid tech stack also helps your development team to be able to effect changes and patches swiftly.

It also means that your app remains relevant and is continuously running optimally.

This way, in its maintenance, you can quickly adapt to new features and technologies, that so necessary for a technical audience.

This agility not only reduces the time that a project takes to complete but also improves the value that a user gets to enjoy from a solution at different points in time.

That is the essence of today’s environment: keeping up the pace in the fast-paced market.

5. User Experience

Let’s forget about design and code for instance and focus on what the user will experience while using the app.

This is where the front-end technology you select comes into play massively.

You want a design that can be easily navigated by users of the website.

As suggested, when your app is appealing to the eye, and easy to navigate, approval is through the roof.

So, it makes a great deal of sense to integrate user feedback into the design.

Finally, chances are made to ensure a good user experience benefits the company by attracting customers to the platform.

6. Cost-effectiveness

You may find developing an app cost more than you expected, but it doesn’t have to.

The right choice in terms of the used technologies will require less time and be cost-effective.

When choosing the technologies for their goals, such as eWallet app development costs are kept to a minimum. A good mobile app tech stack can cut down the amount of time it takes to deploy an app.

Moreover, a neat application needs less power input for modifications and bug rectification.

Finally, every effective and strategic plan aims at offering solutions that will be cheap to implement yet outcome-oriented in terms of future growth.

7. Integration

It is necessary to underline that your eWallet app doesn’t stand apart from the context.

Consequently, it must be easily integrated into other services to flourish or be sustainable.

That is where you want to have a modern tech stack.

So, consider technologies that provide easy integration with other applications or services such as payment systems and analytical platforms.

The unmistakable incorporation ability also improves your app’s capabilities to address the needs of the audience.

That is why with the right integrations you get to offer more features and flexibility thus keeping your app in the market.

EwalletApp Tech Stack

Let’s break down the key components of a common tech stack for eWallet apps. Below is a table that outlines various elements and their purposes.

1. Front End Technologies

React Native and Flutter: The most popular front-end technology of the tech stack used for digital wallet apps and which runs equally well on both iOS and Android with the option for a smooth, & responsive experience.

2. Back-end Technologies

Node.js is quite renowned for dealing with several simultaneous connections in high performance. And, because of the wide libraries, Python is highly famous for the tech stack used for digital wallet app development doing the task of data processing and applications in machine learning.

3. Databases

MongoDB is a NoSQL database that supports unstructured data. PostgreSQL is a relational database and is popular due to its reliability and extended features.

4. Payment Gateway

Stripe and PayPal are popular because of easy integration and strong security elements. Seamless payment processing makes them great for eWallet applications.

5. Authentication

OAuth and JWT are the technologies to ensure access is safe and protected, with security over the user account holding sensitive financial information.

6. Cloud Hosting

Services such as AWS and GCP provide scalable cloud infrastructure, meaning your app will grow as you grow with your user base.

7. APIs

RESTful APIs help achieve smooth front-end-backend interaction and enable the exchange of data and functionality.

eWallet Apps and their Famous Tech Stack

There are many famous eWallet apps present in the market.

One thing is for sure, they all use solid technology and frameworks, and knowing their eWallet app tech stack will help you to make better decisions.

Let’s get to know them below:

1. PayPal

PayPal is one of the biggest e-commerce companies around the world that allows a consumer to send money online. Millions of merchants are accepting this platform. It also features invoice generation, subscription services, and international money transfers. To create an app like PayPal , you should consider below given tech stack..

TechStack:

• Front-end: React, JavaScript

• Back-end: Java, Node.js

• Database: MySQL, MongoDB

• Payment Gateway: PayPal API

• Cloud Provider: AWS

2. Venmo

Venmo is a mobile payment service that is owned by PayPal, basically used among youths for social payments. Venmo's success doesn’t only attract users but investors too to create an app like Venmo. The service makes it easy to send money to friends with a message that also serves as a social message, making it a social networking app for payments.

Tech Stack:

• Frontend: React Native

• Backend: Node.js, Go

• Database: PostgreSQL

• Payment Gateway: Braintree (owned by PayPal)

• Cloud Provider: AWS

3. Google Pay

Pay using Google Pay online, in apps, and in-store with Android devices. It also follows Google services for a more integrated experience across different applications, making it a great model if you want to create an app like Google Pay .

Tech Stack:

• Front-end: Angular, JavaScript

• Back-end: Java

• Database: Bigtable

• Payment Gateway: Google's proprietary payment processing services

• Cloud Provider: GCP

4. Apple Pay

Apple Pay makes the mobile device a relatively safe in-store and online means to pay using the same Apple devices.

It incorporates NFC technology for contactless payments, thereby merging well with the rich Apple ecosystem.

Tech Stack:

• Frontend: Swift (for iOS)

• Backend: Java

• Database: Oracle Database

• Payment Gateway: API owned by Apple

• Cloud Provider: AWS

5. Cash App

Square created the Cash App to make it convenient for users to send and receive money. Users can use a cash card for purchases, stock trades, and, interestingly, Bitcoin transactions.

If you want to create an app like Cash , focus on offering diverse features like money transfers, a cash card, and cryptocurrency support.

Tech Stack:

• Frontend: React Native

• Backend: Ruby on Rails

• Database: PostgreSQL

• Payment Gateway: Square API

• Cloud Provider: AWS

6. Zelle

Zelle is a digital payment network that allows sending money directly from one bank account to another in the U.S. It's deeply integrated with most banking apps, so there's no need for an app download to transfer money.

Many look to create an app like Zelle, aiming to provide seamless, & direct bank-to-bank transfers.

Tech Stack:

• Front-end: React, JavaScript

• Back-end: Java

• Database: Oracle

• Payment Gateway: Zelle API

• Cloud Provider: AWS

7. Skrill

Skrill is an online payment service that allows a user to send and receive money, accept online payments, or exchange currencies. Known for international transfers, Skrill also allows a prepaid card option.

In case, you want to develop an app like Skrill , you should need to focus on secure payment systems

Tech Stack:

• Front-end: Angular, JavaScript

• Back-end: Java, Node.js

• Database: MySQL

• Payment Gateway: Skrill API

• Cloud Provider: AWS

8. WeChat Pay

WeChat Pay is also an embedded service within the WeChat messaging app.

Sending money, bill payments, and others are carried out within the app itself. It has a wide usage base in China and it also has advanced eWallet app features such as QR code payments, group transfers, etc.

Tech Stack:

• Frontend: JavaScript, Vue.js

• Backend: Java, Python

• Database: MySQL

• Payment Gateway: WeChat Pay API

• Cloud Provider: Tencent Cloud

9. Alipay

Alipay is a mobile payment service created by Ant Financial, Alibaba Group's financial affiliate. The online services it offers are highly diversified online payments, money transfers, and bill payments, mainly in China.

Tech Stack:

• Front-end: React, JavaScript

• Back-end: Java, Go

• Database: Oracle Database

• Payment Gateway: Alipay API

• Cloud Provider: Alibaba Cloud

10. Samsung Pay

Samsung Pay is a mobile payment service that works on any Samsung device, and it accepts both NFC and magnetic stripe transactions, which gives versatility to in-store payments.

Tech Stack:

• Frontend: Swift (iOS), Kotlin (Android)

• Backend: Java

• Database: MySQL

• Payment Gateway: Samsung's proprietary payment API

• Cloud Provider: AWS

Best Practices in Selecting the Right Digital Wallet App Tech Stack

When selecting a tech stack for an eWallet app, it’s crucial to consider various factors to ensure performance, security, and scalability. Here are some best practices to guide your decision:

1) Identify Core Requirements

When you start developing your eWallet application, first identify what you really need. Think about payment processing, authentication of the user, and transaction history.

Clear thinking will determine what's the ideal mobile app tech stack. By focusing on your core requirements, you can develop an app that caters to the needs of the end-users and makes your app more engaging and effective.

It's all about laying a solid foundation for your project!

2) Security First

Security has to come first as the biggest challenge of eWallet apps .

You cannot sacrifice security because you're handling sensitive financial data.

So, choose the common Tech Stack for the eWallet App that can support advanced-level encryption and security features.

You may even consider using blockchain technology for it would add new levels of security and transparency to your app.

And, by ensuring security, you're basically safeguarding your users and imparting that trust into them-which most probably will be using your application regularly.

3) Proper Front-end Technology

Your front end is going to be the very first thing that people interact with; you'd want it to be intuitive and engaging. To have a smooth experience on all devices, consider having frameworks such as React Native or Flutter.

They make it more convenient to create a custom tech stack for eWallet app development, which is great-looking and functional.

A user-friendly interface is sure to bring in the users, and that's what you want, right?

4) Choose Scalable Back-end Solutions

When your eWallet app grows, you'll want your back end to grow along with it.

Choosing scalable solutions will be important for dealing with increased user traffic and transactions.

Cloud services such as AWS or Google Cloud are perfect solutions to ensure that your technology stack for the eWallet app has headroom to adapt to future demand.

Then you focus more on building features users want rather than server limitations.

It's all about planning for success!

5) Payment Gateways Integration

Any eWallet application must provide a seamless payment experience.Let your tech stack easily integrate with a myriad of payment gateways.

This will be the extent to which it enables fast and frictionless transactions.

You have that effortless user experience working on the biggest tech stack used by eWallet apps.

Happy customers become repeat customers that is what you want!

6) Focus on Speed and Performance

Who, after all, loves an app that takes forever to open?

Performance and speed: above all is important because happy users keep coming back.

Choose the best eWallet app tech stack that shows critical performance for fast and good database management.

If your application uses lightweight frameworks, it can make a huge difference in which tasks are performed well in your application.

The faster the users navigate your application, the higher the chance of them staying there to use your application more!

7) Staying Up-to-Speed with Trends

Technology does not stand still, and neither should your application.

Well, staying up-to-date with the modern eWallet tech stack keeps your app competitive.

Updates can be beneficial for performance, and new features that your users would love to see and use within the app.

Subsequently, keeping yourself updated with eWallet app trends will help you to see that your app remains relevant and interesting for them.

As after all, a fresh experience will keep bringing users back for more!

By following these best practices, you can effectively select a robust tech stack for the eWallet app that meets your business needs while ensuring a secure and user-friendly experience.

But, doing all that alone is not possible, expert assistance is needed. Our next section is just about that.

Techanic Infotech- Your Partner to Build an eWallet App with The Best Tech Stack

It is quite challenging to go through the complexities of eWallet app development, So, you need an expert for it.

At Techanic Infotech, which is a seasoned eWallet app development company , we extend our support from choosing the right mobile wallet tech stack to optimization in performance, security, and compliance.

Our skilled professionals and experts will guide you every step of the way to deliver innovative solutions that drive business success and exceed expectations.

So, if you look forward to taking your idea forward, we are here to turn it into a solution.

Conclusion

Developing an eWallet app is a big challenge, which involves careful planning and execution.

The chosen tech stack of an eWallet app determines how well this will function, its security level, and the experience of the user.

This could be deciding on the appropriate frontend and backend technologies or ensuring robust security measures.

It all counts: from choosing the right frontend and backend technologies to ensuring robust security measures.

Knowing your competition and the challenges you might face will all guide you in making the necessary right choices that would make your digital wallet app a success.

Remember, the right technologies, nothing more than the proper selection of a tech stack for an eWallet application, can be what sets you apart from the crowd.