#1. E-commerce mobile app development
Mobile technology has seen some considerable growth within a short period. This has further boosted sales of Mobile apps in the market. The evolution of internet facilities is making the entire world go ‘mobile’ and the New York City doesn’t seem to be any different. According to the reports, a good chunk of the total mobile users uses their e-commerce apps for shopping. People no longer prefer to travel all the way to malls or shops, beating all that city traffic, when the same purchase can be done in just a few clicks. Mobile applications allow the individuals to buy virtually anything. Even offline businesses have shifted their focus to strengthening their mobile app versions.
Source: business2community
#2. Virtual Reality becomes a reality
The New York City people are turning crazy about exploring the outer space, the deepest oceans and the highest mountains right from the comforts of their home. From watching films to gaming and exploring distant places, the VR applications offer diverse simulated experiences to the users. One can even access the beauty of real exotic locations through VR gadgets. Besides witnessing the real-world environment, VR technology has so much to offer to its users which are the reason for it gaining immense popularity in the market.
#3. Payments through wallets get easier and more e-money getting into the market
The introduction of electronic purses and web-based services like Skrill, Google Wallet, PayPal, Kenya’s M-PESA and Indonesia’s Codapay allow people to make online global payments in an easy and secure manner. You simply need to have enough amount of e-money in your wallet balance to initiate all kinds of payment. The monetary value of the electronic alternative to cash can be held on devices, cards and even on a server. E-money has made things much easier and safer for people while safeguarding their interest in respect to money value.
#4. Popularity of Fintech - Financial technology takes the industry by storm
Fintech is breaking the blockades of traditional banking. It has rather changed the whole game of financial sector. The Financial Technology entrepreneurs in New York are meeting the banking needs of customers with their financial services and products. The companies are striving hard to provide fast and flexible solutions in order to eliminate the limitations of a traditional banking system. Popular Fintech service providers include Venmo for peer-to-peer payment, Paypal for e-wallet among many others.
#5. Tech wearables getting good response
How about wearing your smartphone? Tech wearables are turning out to be the latest game changers. From touching hearts to moving the markets, the wearable tech gadgets like Apple Watch, Feel Wristband, WellBe, Spire, and other kid’s wearable toys are bringing about a new evolution while serving multiple needs of people innovatively. Over the last year, wearable gadgets have seen a great rise in demand in the New York City.
Since its inception, these new technologies are pushing their own borders and coming up with novelties and innovative improvements that make our life much easier and fun to live!
