Paytm Success Story

Paytm is one of the highly successful e-commerce websites in India. Founded in 2010 as a prepaid recharge website, Paytm no longer offer recharge services only, it is enlarged as an online payment platform including utility bill payment, wallet payment. Through Paytm, You can also have a direct access from wallet to bank transfer, e-commerce sites like Bookmyshow, Makemytrip, Zomato, Faasos, Swiggy, PVR Cinemas, FoodPanda, IRCTC and many more.

Nowadays, Paytm is the major transaction place today. Compared to Jabong, Cleartrip, Yatra, MMT, Flipkart, Paytm is growing rapidly, their app has been downloaded by over 7 millions of people on the various platforms, and 20 millions of people have registered in Paytm. Their website and mobile app have been modified into a colorful as well as easy to use e-commerce store with offers like mobile phones, sports & health products, books, and products from other categories like electronics, home & kitchen, baby & toys and many more categories. 

Paytm started offering the attractive offers as well as coupons and cash back offers, which is greatly attractive to the customers as well as interesting. People can buy the product as well as sell the products at Paytm. That’s why Paytm has over 15 million orders per month.

Success Story

Vijay Shekhar Sharma has started his own Business Xs Corporation with his friend Harinder Takhar that provides web guide services to clients. After receiving the fund from one of the Angel investors, Vijay Shekhar and their two friends continued establishing the company well till 1999, after that they sold the company to the living media.

After selling the firm, Vijay Shekhar worked for a company for some time, but soon he quit the job. That time he had only 2 lacks in his hand and it was fair enough to establish a company. Along with his colleague Rajiv Shukla, Vijay Shekhar  founded mobile value-added services firm One97 Communications Ltd. But in 9/11 tragedy, their business was broken down. Then his partner left him. Then his pocket is empty and he started to use public transport. His family asked him to take a new job and the family members were trying to find a girl to Vijay Shekhar but nobody was not ready to get him married as he was jobless. Finally, he got a job, beside that he continued innovating something new, when the smart Phones started becoming popular. In December 2010, he launched Paytm, a mobile wallet.

In February 2014, Vijay launched Paytm’s mobile based marketplace. Paytm also has contracted with IRCTC (Indian Railway Catering and Tourism Corporation) to allow passengers to book a ticket through paytm wallet. Paytm has 60 million wallet users who can use their wallet to shop over the app and they can pay using Paytm wallet across 21,000 merchants instead of using plastic cards like credit card, debit card and other cards.

Paytm claims to earn revenues of over $500 million, but Vijay Shekhar says this will cross more than $2 billion by December 2015. In addition to that, Vijay Shekhar said that we don’t think more about profitability, we are focusing to get more users.

Have a Plan to Develop Paytm like App?

If yes, we are here to help you. FuGenX is an emerging mobile application development companies in UK and India. We help clients to achieve success in the mobile app world with dedicated effort and world-class service. We have a big team with a strong background and we develop top quality apps for all sorts of businesses. We are rated as one of the most trusted iPhone application development companies in UK. Also, our expertise in Android app development has made us as an emerging Android application development companies in UK.

If you need any help to execute the mobile app development project for your business, Feel Free to e-mail us at info@fugenx.com or visit fugenx.co.uk. We are here to help you.

How to Implement App-driven Business Idea?

In this world, everyone is having a bundle of idea. When travelling, while working in the office, when brushing the teeth, every person gets one or more idea.  However, it does not mean that all can be changed into million-dollar businesses.

Although everyone is having dozens of ideas, only some will turn-on the light to go to the brighter zone, but most of them turn-off the light even before it gets heated.

The idea is in our activities, when we are working for something we can get an idea, when we go somewhere we can get an idea, but we need a proper implementation, care and maintenance of it.

Here are the some of the ways that help first-timers build a successful app:

I have many app ideas. With which one I should go?

Successful business persons have built their business with multiple ideas, so don't fix yourself to a single app idea.

Apps are like newly releasing songs, you never know which song will become hit. So give four to six months gap for each app, analyze its performance, if it seems not working, then go for the next idea. There always idea comes and goes.

I have an app idea, but how to start?

As said above, we all have dozens of ideas, so note down your idea as a note in the paper as simple possible. Look for prototyping tool and create the clear screen by screen wireframe of your app. Once you are clear about your idea, look for the trusted mobile app development companies in UK that can fulfill your dreams.

How can I market my application?

There are lots of ways to market your app, the first thing you need to do is giving top priority to required app platform and the second thing is don’t hesitate to spend money on marketing your app. ex: advertise your app on Facebook, twitter, Instagram and many other social sites. Same in mobile, try to give advertisements in famous apps.

How much does it cost to build an app?

The complete answer is depending upon app and also it depends how your app interface looks like. An app can cost between $3,000 to $100,000 or more depending on the complexity and technical features involved.

What if my application does not get success?

Most of the apps have got failed in reaching customers, but not every app. As said above, before developing an app, be prepared to both failure and success, it’s in all type sof business, if it is not working, move to the next idea to develop an app with a better strategy.

We are FuGenX Technologies, an award winning mobile apps development companies in London, UK. We own an world-class iPhone and Android app development team with proven experience. We develop high quality iPhone and Android apps with a superior user interface. That’s why we are recognized as a premiere Android and iPhone app development companies in London. If you need help to implement mobile app development idea for your business, send your query to us at info@fugenx.com or visit fugenx.co.uk. We are here to help you.

How to make money from a free app?

You have an idea to create a mobile app which can help you to stand in a leading position of the business world. So, you choose a mobile apps development companies in London or in your preferred city.

As all we know we have fear in competing in the business world, there could also be a good next to the fear. Once we enter to start a business either as an entrepreneur or an experienced pro, we have to face it. That would be great if you face it deliberately and gain the expected result from it. 

When comes to mobile app development, free apps have been downloaded in a large number. You may also be thinking to offer your app free. What happens next? After the dedicated effort, big hope and money spent, you are giving free app to world!

There are lots of apps that are offered free, mainly, Temple run, WhatsApp, Candy Crush, Pinterest. All these are the millions worth app. You can get a question that a huge amount was invested on these apps, without taking a single rupee or dollar from people for downloads, then how they achieved ROI (Return of Investment). And more importantly, you can ask yourself that how we can do the same?

Below are some of the ways to monetize your mobile app:

Freemium Upsell:

Freemium is one the best ways to get more download for your app. Freemium is more successful now a days. It encourages people to download it and use an app for an extended time. If they want to use further, they need to pay the amount according to the rules and regulations on the app.

Advertisement:

Allowing Advertise on your app is the easiest way to make money from free app. Also, you can easily get more demand for your app from advertisers. Advertisers have to spend a certain amount to advertise their product or service. Now a day’s mobile ads are more demanding than desktop ads. And also the cost for publishing the ads depend upon the type of ad and space like an app or website. Allowing advertisers to display their ads on your app, you can monetize your app tremendously.

Sponsorship:

The sponsorship deal depends upon which category or type of app your’s. Ex: If your app is dedicated to give regular motivational content for readers, then an institution that conducts personality development programs can sponsor your app.

Sponsorship is a tricky process. If you are planning or you have a specific app that magnetizes a group of people, it is possible that a large company would like to sponsor for your app to spread their message across your users.

In-app purchases:

To encourage users for in-app purchase, your app must be attractive to people. So that people could go ahead and up-grade the features that available in the app.

Encouraging users for in-app purchases to generate revenue means offering additional features in the app such as levels, characters, and coins. To get these features, users need to pay some amount for users.

App upgrade:

Upgrading the app is the technique that helps to increase your revenue. In addition to In-App Purchase, Sponsorship and Advertisement, it is also a fruitful way to expand your pocket. Upgrading the app refers Premium version of the app. To make users go to upgrade, your app should be attractive with nice features. After a half quarter/one quarter or according to app policy, users need to pay mentioned amount. The premium can also be chosen by users in the beginning days as well.

Want to Develop Money Making Free Mobile App?

We are FuGenX Technologies. We develop revenue generating mobile applications for iOS platform. That’s why we are recognized as the best iPhone and iPad application development in London. We are also a premiere Android application development company in London. For more info on our world-class mobile app development services in London, visit fugenx.co.uk or send your query at info@fugenx.com

The Future of Mobile Applications

As the Smartphone users’ number is increasing day by day all around the world, mobile apps are largely used. People use mobile apps to book a cab, order a food, for shopping and also there area lot of things to do with the app. When people have Smartphone, they have answers for A to Z things at their fingertips.

Mobile app development industry, especially mobile apps development companies in London, UK, New York, USA and Bangalore, India are growing at a rocket speed. As the number of smart phones is increasing, businesses have started serving their customers with mobile apps with innovative features.

Future Benefits of Mobile Applications

The Smartphone will become the center of a personal-area network comprising of wearable gadgets such as on smart watches, sun glasses, jewelry, body cosmetics. The mobile app is playing a vital role in transferring information given by a wearable device to person.

Most mobile phones have location tracker, which helps you to know the traffic in different locations. Also, if you meet with any accident, just can just open the app and shake the phone immediately, then ambulance can pick you up.

Mobile application development is very important for all sorts of businesses now a days to enhance business performance. You can keep your customers engaged in your product or service if your customers have your mobile app in their hand.

Now a days, cross platform mobile app is the best way to reach a large number of customers. Nobody can imagine that the technology how far it has gone. If you develop a cross platform app, it can be downloaded by Apple, Android or any platform user. Here, you no need to develop a separate app for Android, iPhone, iPad and Windows users.

Mobile App To Build Brand Value and Generate Revenue

The gap between the customers and business get reduced, and sales increases when you develop mobile applications. As mobile apps are helpful in both revenue-generation and branding, it won’t be bad if you invest even more in mobile app development.

The overall design and experience the mobile app offer should attract the users. Example, If you are going to develop an app for e-commerce business, it should contain eye-catching interface, should be easy to navigate, easy to choose products and should be filled with fun elements, if you are going to develop an enterprise app, it should contain simple interface and be professional.

If you are going to develop an app for the first time, think first what customers are expecting from you. Once you have decided, look for trusted mobile app developers who can help you to turn your app idea into a successful app. Also, check their portfolio to check their ability. Mobile technology is rapidly growing and we cannot ignore that, because today’s generation is fond of mobile, and businesses are greatly benefiting from mobile technology.

Want To Develop A Successful Mobile App?

FuGenX is a trusted mobile application development company in London, UK, USA, India. We are recognized as one of the premiere Android app development companies in London and also iOS application development companies in London, UK. For more info on our reliable mobile app development services, visit FuGenX.co.uk or send your query to info@fugenx.com