This feature is most often used by neobanks. This is pure psychology if consumers see that they can profit and save their money it will be a definite advantage for them and the chance that they will use the app will increase. Cashback increases user interest and retention rates for your banking and finance app. MoneyLion offers customers a lucrative rewards program.
Users of the app receive cashback for purchases of groceries daily necessities prescriptions and so on. When users make a purchase in the rewards tab of the mobile app using their MoneyLion mobile app development service debit card they earn points which are then redeemed for cashback into an investment account. Chatbots Chatbot is a great feature with which you can improve the user experience of your app.
AI-driven chatbots provide / instant support to consumers answering thousands of questions at a time. The best fintech apps have embedded chatbots into their apps to assist users with personal finance and other issues. For example Robinhood has implemented a chatbot in its trading investing app that helps automate many processes and improves the user experience.
