Explore the lucrativeness of a WhatsApp clone app
When returns are more than costs, the result is profits. WhatsApp is the perfect example of that. It has the right mix of freemium and premium features. Menlo Park in California witnessed the rise of this instant messaging app in 2009. With more than 14 million downloads as per Sensor Tower in September 2021, the real-time communication platform is spellbinding users across the market. Entrepreneurs can start their path to glory by establishing a WhatsApp clone app. What are the revenue streams offered by an app like WhatsApp? Instant processing of transactions - For instance, WhatsApp Pay is the latest phenomenon in the Fintech industry. Users can send, as well as receive money from their contacts. They can mention the required amount and process peer-to-peer (P2P) transactions in a jiffy. Besides that, netizens can link their bank accounts, credit and debit cards, and digital wallets. They can also access features like instant notifications after processing payments, SMS-...