Personal Finance App Development- Related statistics and exclusive features
Personal Finance is not just a platform for getting financial assistance. They include several perks: managing expenses, getting advice from experts, keeping track of expenditure, and many more. Younger generations prefer quick solutions for their expense management. This has led to an increase in the number of cash advance app developments worldwide.
Statistics of Personal Finance applications
The report says, around 2 out of 3 Americans have financial apps installed in their smartphones.
According to Statista, the total transaction value in the personal finance sector is expected to reach US$1.02 billion by the end of this year.
Features of Dave clone app
Automatic Repayment: The borrowed cash is automatically debited from the linked bank account. Users need not keep track of their debts as the Dave clone takes care of it.
Automated Budgeting: After the Coronavirus outbreak, people are having a tough time managing their finances. Automated budgeting uses advanced algorithms and comes up with an efficient plan to manage income.
Alerts: Users have given prompt notifications whenever there is a change in the account balance. They also have the option to set reminders in the Dave app clone for payments.
Future planning: Users can easily manage their expenses through financial aid services. Artificial Intelligence and Machine Learning algorithms are used to access the areas of improvement based on the users’ expenditure.
Freeze/Unfreeze cards: When the cards are lost or misplaced, users can freeze the cards. They can use the same card services if they find the card by unfreezing it.
Entrepreneurs can get advanced Dave clone app from Appdupe and initiate their online business venture successfully.