Investor-Ready Wallet MVP: What It Must Include (And What You Can Skip)

Proposal Overview: What Does Qulix Have to Offer (and to Whom?)

According to the source, in 2024, 4.3 billion people worldwide — or 53% of the population — used eWallets. By 2029, that number is expected to rise, turning two-thirds (68%) of the global population into digital wallet users. Given the rapid growth of this niche within the finance world, joining the ranks of solution providers is a high-potential move.

But like any other IT product, eWallets require a strategic, reasonable mindset — and a match with the right tech vendor. Let us briefly walk you through how we work and who we work with to make sure our vision for the perfect collaboration aligns, and you’re satisfied with the basics before diving into the details.

Why Choose Qulix as Your EWallet Provider?

At Qulix, we come forward with a proposition that encompasses the following:

• No building from scratch — we offer a fully assembled and tested eWallet solution. All that’s left is customization to reflect your brand’s identity.
• 3–4 months to launch — that’s all it takes for us to get your MVP to market. A fast, low-risk, hassle-free, and clearly outlined journey to deliver your solution straight to your audience.
• 80% of our projects are fintech — we’re well-versed in security standards, compliance requirements, and know how to meet them.
• A powerful, ready-to-go feature set — our eWallet includes all the basic functionality for a seamless user experience in the realm of finance. If there’s a feature you don’t see listed below, we’re always open to conversation and custom tweaks.
• API and full documentation — the Qulix eWallet comes with both for seamless integration with your existing systems.
• Product expansion and maintenance — available upon request.

Will Our Solution Be a Good Fit for You?

A Must-Have EWallet Feature Set: the MVP Edition

MVPs are as vital for eWallets as for any other IT solution. In the fintech environment that is fast-paced and ever-changing, with each code alteration costing thousands of dollars, the ability to show that you know how to make it is everything — because this ability is what gets you your investments.

In an MVP, investors need to see a clear problem–solution fit and potential for growth. They’re looking for scalability, evidence of customer demand, and proof that you can gather user feedback quickly and iterate accordingly. As the source writes, “Investors aren’t just investing in ideas; they’re investing in founders who understand their customers, can take action, and deliver results.” And that is exactly what we are committed to here at Qulix.

By analyzing the businesses of dozens of our fintech clients around the globe, we’ve built an ultimate wallet solution that effectively addresses user needs and scores high on the investor expectation scale. Our minimum viable product focuses on core wallet features that showcase viability, security, and user experience — all while avoiding unnecessary complexity early on.

1. Secure User Onboarding & Access

• Effortless sign-up with KYC verification (mandatory for standalone wallets). Our solution fosters secure operations, ensures compliance, and verifies user authenticity.
• Advanced login system with two-factor authentication (2FA) to protect accounts and sensitive data.

2. Core Wallet Transactions

• Seamless top up options — users can add balance to their accounts via credit cards, debit cards, or bank transfers.
• Bottleneck-free withdrawal feature — move funds from wallets to any card or a bank account.
• Rapid transfers — and we mean it: our eWallet supports wallet-to-bank, bank-to-bank, and P2P money movements, and that is true for both domestic and international operations.

3. Transparency & User Trust

The Qulix eWallet comes with a detailed overview of the transaction history and the ability to generate receipts to help users stay on top of their finances at all times.

4. Operational Support

An intuitive and fast administrative portal that allows to establish control over user data, track performance, monitor security, and more.

5. Functional UI/UX Design Concept

A simple, but intuitive and responsive design that provides users with clear access to functionality. This might not be the final say, but it demonstrates usability and a user-centric approach to building your wallet.

The EWallet Features You Can Save for Later

The MVP is here to prove your core concept. Anything that doesn’t add immediate value can be safely postponed to later stages of development. That includes full-fledged custom design, complex backend systems, elements of gamification, reward programs, extra third-party integrations, and more.

As part of our comprehensive eWallet solution, we’ve developed powerful functionality that meets the needs of various fintech companies. Among these features, there are several that can be omitted at the MVP stage. While these features can majorly contribute to a well-rounded experience with your financial product in the long run, they’re not essential early on and will only require extra time and budget without being of interest to investors.

Take a look at the features of the Qulix eWallet that we recommend saving for future phases of development:

1. Advanced UI/UX design. A finalized concept of what the user can expect once they launch your application. This includes the detailed user interface, onboarding flow, loyalty program, and more.
2. Verification. All business customers are prompted to confirm their identity by submitting the required documents. This feature (which requires manual admin approval) helps prevent fraud and reduce the risk of security threats. 
3. Linking bank accounts. We’ve made it possible to connect existing accounts to an eWallet for effortless account management.
4. Multiple currency accounts. This capability allows users to open transactional accounts in various currencies, e.g., both in the national currency and several foreign ones. Our list of supported currencies includes 50+ options, with USD, EUR, GBP, CNY, and others among them.
5. Card issuing. With our eWallet, users can obtain a virtual card. Qulix supports UnionPay, MasterCard, Visa, and other payment systems, so your target audience can choose what works best for them.
6. Payments. Utility bills, purchases, QR code payments — in later phases of development, we can enable these operations to ensure a smooth, positive UX for your target audience.
7. Contracting. Our eWallet solution is integrated with an e-sign service DocuSign to verify a number of operations. This added layer helps ensure high platform security and minimizes fraud.

Your Next Steps

EWallets are on the rise, and if you’re planning to join this race, you have to act fast. The best way to get your product to market ASAP is to start with a pre-built MVP solution and tailor it to your needs.

Choosing a tech vendor isn’t easy, as your partner must be not only well-versed in terms of development and testing, but also skilled at delivering secure and compliant products. This is where Qulix steps in: we’ve been crafting quality financial solutions for 20+ years. With us, it will take only 3–4 months to launch your eWallet MVP. So… shall we?

If you’re ready to introduce your eWallet to the market, let’s talk. Contact us, and we’ll schedule a free consultation to discuss your project.