Your point of contact for quick, actionable insights into technology and business.
4.8.2020
7
min read
Through the automated system of appointments scheduling a doctor is excluded from this unnecessary process and only deals with the patients’ visits and their treatment. He just receives reminders of the upcoming appointments and notifications about the slots booked or canceled. Besides, the possibilities of telemedicine allow holding distant consultations, saving time for both patients and doctors.
Through the development of apps for doctor appointments, medical centers can free some administrative staff for more important tasks as well as reduce manual work and human error factor. Besides, the canceled slots can be quickly filled in with the patients who require urgent visits.
When the appointment scheduling becomes automated, less administrative staff is required, and consequently expenses decrease. A hospital can then make the cost of services for the patients more affordable. With the online scheduling software, better consultations' management is possible: canceled visits can also be quickly filled in with urgent patients, it means that less doctor’s effective time is lost. It is cost-effective since the no-show rates go down tremendously.
As a rule, an iOS or Android app for doctor appointments is combined with doctors’ profiles listing, so when a patient faces some specific problem, he can filter, search and choose a specialist with particular expertise.
Mobile apps integrated with telemedicine platforms allow extended medical experience for doctors, not only allowing more offline patients but also providing the opportunity to consult online.
Medical video conferencing allows more benefits for the patients with limited health capacities, even immobile individuals can, for instance, have a consultation with their doctor remotely at any convenient time.
Payment systems integration right into the app means more convenience for the clients and higher ROI for hospitals and medical entities.
Getting regular insights into medical center performance allows its profound analysis, bottlenecks identification, and efficiency enhancement through optimization, better productivity, and processes streamlining.
Users prefer simple registration, but medicine is the sphere where everyone should create his or her account in person filling in the necessary details. On part of the doctors, the proof of their medical degree, specialty, location and experience details are required. Feedback and ratings from registered users are desirable to make your app more trustworthy and attractive for the patients, who like real reviews.
When developing a doctor visit app, take care that the search is convenient and interactive. The users should be able to filter and sort the results according to location, specialty, price, availability, and other parameters, which may help them find the very specialists they need at a certain moment. Besides, the profiles of doctors should be easily previewed and checked for competence and reviews.
A doctor booking app should allow both online and offline booking options with a fully functioning interactive calendar, push notification, and/or phone or app reminders. With intuitive design in mind, make reservations possible to start with just a tap and a flawless realization after that.
Make the process simple: the selection of a doctor—appointment request - additional information provision (symptoms, for instance) and appointment setting after the doctor’s confirmation.
As soon as the patient has chosen the date, he or she should proceed to the specialists available. So, doctors’ profiles should be available right in the app. Take care that the doctor module is available for creation and revision for the purpose. The necessary details should include the specialist’s bio and photo, specialty, location, patients’ reviews, and price per visit/service.
For your patients more convenience, provide them with the opportunity to pay the due fees or deposits right in the app. Not to lose users at this point you should consider integrations with the most popular payment systems and make the payment process easy, fast, and secure.
Consider chat or messenger module for simple and quick doctor-patient communication in order to specify details, ask questions, discuss additional issues, and alike.
Besides the major features mentioned above, you can improve your telemedicine app for doctors with the 3 more quite handy features:
Integration with the tools for video conferences, like Zoom, Skype, or alike will relieve many patients, who want to consult with a doctor, but don’t have the need to pay a personal visit, of the necessity to physically go to the medical center or hospital. In the context of the COVID-19 pandemic, this is especially valuable to avoid being diseased coming into contact with the other patient.
A patient should be able to get an e-prescription from the doctor right away, which the specified list of medicines, dosages, and time to take. Then a user will simply order the necessary medications from their local pharmacy without any necessity to go anywhere.
Every smartphone has Google Maps, but the interaction of such a feature right into the application will help a user find the closest doctor, a nearby walk-in clinic, or an emergency room.
So take care that your android or iPhone medical apps for doctors’ appointments can guide a patient to the place of visit without any trouble. It provides the users with the advantage of not switching between the applications, but locate the necessary medical entity at a single place.
We have touched upon the key features of a hospital app development, and some of those, which will enhance your users’ experience. However, to craft a state-of-the-art medical software solution, make sure that nothing is missed out and that the product relieves your target audience’s pains. Our company can help you all along the process–from planning, through the development, and to QA. Let’s discuss your project together and leave the technical realization to the professionals of the Axisbits team. Contact us to schedule a consultation.
Lets take closer how to make your doctor visit app effective.
28.7.2020
7
min read
In turn, CRM software for travel industry is a universal solution for automating and synchronizing workflows that allows even compact agencies with a small amount of staff managing relationships with hundreds of customers. Such software products allow you to keep track of customers, implement flexible systems for calculating employee bonuses, conduct marketing campaigns via SMS and email, track sales dynamics, redirect customer requests from one department to another, attach documents, etc., all in a unified interface. Thanks to such systems, the efficiency of travel agents increases, maximum customer satisfaction is ensured, and optimal conditions for sales growth are created.
In this article, we will tell you about customized CRMs for tourism.
Unfortunately, the existing CRM solutions, which there are many, often are far from taking into account all the needs of a particular business. Developers, as a rule, try to create a kind of “universal” software that would contain the maximum capabilities. For this reason, in such CRMs, part of the functionality is redundant, which may spoil the UX and force company owners to spend notable amounts regularly. Sometimes, the opposite happens, when the required functionality is missing (usually this is about the lack of integration with third-party software products).
Since the tourism business is a rather specific industry and far from the IT sector, turnkey solutions are often difficult to master. Agency employees (especially beginners) may suffer from a lack of understanding of the functionality. As a result, the chosen CRM, instead of facilitating the daily tasks, complicates the workflow, forcing you to return to your usual Google spreadsheets and other “years-old” applications.
The biggest problems with ready-made travel CRM open source solutions arise when companies need to scale existing processes (for example, when a small travel agency becomes a touring operator). Such premade products rarely provide for the possible expansion of a business and company owners have to start searching for a suitable solution from the very beginning.
Given all these nuances, in the vast majority of cases, it makes sense to focus on creating your own specialized CRM. Even though the initial investment will be an order of magnitude larger than in the case of buying a license for a finished software product, over time these investments will fully payout. Moreover, now some development companies offer low-cost modular solutions. This allows reducing the number of man-hours spent on the creation of the project in times, and, thereby, significantly reduce the budget.
Here is a sample list of features found in the average travel CRM software:
Naturally, the above list can be supplemented with features that are necessary to achieve the goals of your business.
Perfectly streamlined online travel CRM will provide your travel agency with several advantages, including:
As you can see, the creation of a customized travel agency CRM allows taking into account all the specific nuances of a particular business and not overpay for excess functionality. If you are interested in building such software, contact us today and we will create for you the best CRM for travel industry with capabilities to configure and scale in the shortest possible time.
In this article, we will tell you about customized CRMs for tourism and the ways of your new business growth
14.7.2020
7
min read
Closing an office meant the death of business just some years ago, now it means development. The survey at the beginning of 2020 showed that around 85% of employees worldwide work remotely at least once a week and their amount grew daily. However, the global shutdown caused by COVID-19 forced the entire world to find their feet in a new reality.
It made millions of organizations adopt a distant working mode and cope with the challenge of managing a remote team with almost no lead-time. We have already written about the benefits and development peculiarities of project management tools for overseas teams. However, the challenge was complicated with the necessity to get remote employees onboarded and trained, on the one hand, and engage the existing specialists into the activities to enhance their professional skills and expertize, on the other.
In most cases, people working from home demonstrated little motivation to learn something new, devoting their time to things more prosaic. That’s why our article today is about distant teams training.
Due to the situation in the world business owners started to look for effective ways of coaching remote teams more actively. Even the common remote team tools failed under COVID-19 new reality, since all the usual processes were being completely restructured. It opened prospects to a fresh business stream—e-learning services.
So, let’s take a closer look at this direction.
Needless to say, that direct interaction in the office is quite motivating and for distant employees, the necessity of training is not always obvious. Moreover, there are a number of challenges related to that.
The main of them are multiple distractions, which prevent the trainee from 100% focusing on studies and lack of human interaction, which can be solved through group training. When properly arranged, remote learning can motivate for active engagement and collaboration.
The other difficulties worth mentioning are lack of access to information and technical issues. That brings us to the understanding that for proper remote team engagement e-learning technology content and services should be well-organized, properly designed, easily accessible, and have a good technical infrastructure.
It presupposes a convenient platform, stable connections, appropriate software, intuitive interface, and simple yet effective functionality.
To engage employees in learning is not enough, it’s important to make it efficient. The most effective way to train your staff remotely is to provide an interactive digital solution for the purpose.
There are several aspects to keep in mind when e-learning software development services are considered.
The modern market of training solutions offers multifaceted technologies and tools, which facilitate and enhance the remote learning experience. Let’s take a look at some of them.
Corporate training needs specific solutions, Linkedin Learning Solutions and Business Learning Solutions may become excellent examples of such products. Let’s see into the matter in more detail.
A learning management system is what you need for the purpose in the first turn. Such an integrated system allows to build a training course to match your educational needs and track learners’ attendance and progress.
At the same time, software solutions of such kind offer wide possibilities for content creation. You can choose any form you need - text, presentation, video, simulation, games, etc. Nowadays it’s essential to guarantee mobile compatibility and integrations with third-party services, for video-conferencing, for instance.
Tools for video conferences provide you with the opportunity to have training sessions in real time and bring your remote team together. Such solutions come in handy when face-to-face interaction is important. Zoom, Skype, Google Hangouts, GoToMeeting - the choice is variable and up to you or e-learning services company you choose.
In case you use some project-management and collaboration tools in your working routine, you can use them for training as well, especially if the learning materials are texts or videos. Google, Slack, Dropbox, Google Drive, can be quite beneficial for the purpose.
When choosing an off-the-shelf solution you are always restricted with its inbuilt options and modules. It’s at times difficult to adjust the out-of-the-box tool to your specific e-learning technology content and services. That’s why we advise custom e-learning software development.
With many years of software engineering behind and distant employees in our own staff, we realize the pains and challenges of coaching and managing a remote team first hand. That’s why the Axisbits team is ready to give a helping hand to any client who needs training software for remote employees.
We always carefully consider the requirements and tasks our clients set forth. However, there are some common features, which make for exceptional user experience in software products. We think any solution should be:
To cut a long story short, our experts are ready to create an innovative e-learning solution for coaching a remote team with all your needs and requirements in mind supplemented with the existing best practices and our own experience. You can contact us at any time and get an expert consultation concerning your project.
Under the present shift to distant cooperation, the companies should focus their effort on how to engage a remote team and train the workforce to remain competitive in the modern world. To help your employees reveal their fullest potential, we advise you to equip yourself with an effective corporate software solution for continuous learning.
Now you know the challenges, principal features, and important aspects to keep in mind, and can define what exactly you need and want to implement.
Axisbits is eager to translate your educational needs into training practices through software development and enhance your business to a new level together. Let’s discuss it and create something amazing.
Let’s take a closer look at e-learning services and see how you can use them during the COVID in 2020.
21.7.2020
7
min read
A pandemic is for sure not something we would have chosen to live through this spring and summer. Borders are closed, people stay at home to isolate themselves and follow quarantine restrictions. The global economic fallout of the pandemic has had a great effect on businesses all over the world. Here are the industries that have suffered the most and may take months to recover from the crisis caused by COVID-19:
Giant companies find it hard to adapt to changes as quickly as small businesses can. Their stocks have dropped and are being bought up at a frantic pace. Stock exchanges themselves are buying them up, sometimes preventing investors from doing this. This means the market is going to change fundamentally.
Many other companies are forced to reduce turnovers, minimize expenses, and take other measures to stay afloat until they find a way to adapt to doing business in the new conditions. Digital Startup Ecosystem Overview The lack of survival experience in this situation requires first of all rethinking future prospects. This is where digital transformation startups, innovation and creativity come to our aid. Investors are looking for startups that can quickly produce a variety of artificial respiration devices, COVID-19 diagnostics tests, masks, and PPE. In high demand are the companies that can test existing medicines for efficacy, find new vaccine approaches, and new therapeutic agents that large pharmaceutical companies are unlikely to develop fast enough. People still need to eat. Food delivery businesses are experiencing a significant increase in the number of orders. To minimize the risk of infection during food package transfer, some delivery applications now provide contactless delivery.
People get used to working from home. Quarantine has changed WFH from a growing trend to necessity. Manufacturers of software and services for organizing work processes are doing their best to satisfy the extreme demand for tools for corporate communication, virtual meetings, and online training sessions. What should be expected in the near future? IT technologies will create all the conditions for a rising startup and the implementation of business ideas in the online environment. At least 1 billion new users are expected to move online for:
All of these businesses have unlimited growth prospects, and the rapid development in AI, VR, and AR contributes to this. A Crisis Means It’s Time to Act! Startups will provide all of us with completely new opportunities in the very near future, such as:
Where does this lead? What is the future of startups? The new reality can be considered the beginning of switching to an economy of isolation, changing the behavior of consumers. If one leaves the house mainly for short walks but travels through virtual space, then why do they need an expensive car? Instead of boasting elite watches and jewelry, one can boast a cool tank or an airplane in a multiplayer game. Devices for self-diagnosis or smart home appliances will be popular as well. How to Grow My Startup in These Conditions? We all need to switch from the problems caused by COVID-19 to seeing the new opportunities and prospects. The crisis is creating the best conditions for economics startups and opens new niches for your business. Stress caused by a crisis pushes you to develop. The Axisbits team will help you work on the most daring and innovative startups in any field related to IT-technologies. We can provide the best solution that will ensure the effective start of your project. Just reach out to us, and let’s create a highly demanded service together.
The future of startups in times of COVID-19. What kinds of startups will be relevant in the near future?
8.7.2020
7
min read
The food delivery app industry is evaluated at $32 billion as of 2020. Mobile applications made the online ordering process comfortable and accounted for 43 percent of all standing orders. The ease of online ordering capability makes people order more.
Uber Eats is the best among other young apps, and it is an undoubted success. 100 million active customers per month have generated $536 million in revenue. The Uber X model is promising for aspiring entrepreneurs.
But you need to find out how this startup turned into an industry giant. And, if you want to make an app like Uber Eats, this guide will be useful for you.
Food delivery apps like Uber Eats bring together the restaurant, the courier, and the client with their platform. The Uber Eats app is both an aggregator and a delivery envoy. The app has two functions:
Uber's commerce framework is completely market dependent. Apps like Uber Eats make money from restaurant partners, clients, and ad revenue. Uber Eats has a fixed shipping fee, although it can be changed during rush hours.
Uber Eats charges a commission for each order. In some countries with fierce competition, the percentage may vary, but it’s never less than 20%. Extra income comes from the organizations that spend money to be the first in the search list.
Uber Eats is a well-liked food delivery platform founded by Uber in 2014. Orders can be made on the Uber Eats website or using the smartphone app. It determines the user’s location and displays a list of the closest places that are currently working. The client chooses from an extensive catalog of offers and menus. After the order, Uber Eats collects the purchase from the supplier and delivers it to the client.
Before you build an app like Uber Eats, you need to understand your goals. More precisely, from the perspective of commerce and the functionality of a smartphone application. Here are some questions to ask yourself:
The capacity of the real-time food-ordering concept makes Uber Eats business development a promising investment. But, if you want to stand out from the crowd, you need to follow all the latest trends. You can choose the template «Order & Delivery» or «Order Only». To make the application multifunctional, think about adding integration with social networks.
An equally important element is the admin panel, which is also used as a CRM and a dashboard for managing and controlling the processing of orders. The application allows catering assistants to manage their prices, menus, and offer discounts to clients.
The initial phase is the first stage and includes such elements as:
With the MVP app, you can generate ideas for your target users and add supplemental specs in the second step of Uber Eats app development.
If you have decided on the functionality of the application, you will need a skilled Uber Eats app developer. Our experts will provide you with the most powerful set of technologies so that you can start your business fast.
With modern online food delivery applications, businesses can quickly adapt to growing opportunities and consumer expectations. If you need help to develop an Uber Eats clone, Axisbits is happy to help you with your future app.
Remember: a spoon is dear when lunchtime is near, so use your chance to create a successful food delivery business while quarantine is still in force, and this service is in high demand.
For the record: Uber Eats’ road to fame took 10 years, but you don’t have to wait this long!
Check out the tips of how to make money from an online food delivery app.
1.7.2020
7
min read
Flutter … You can now come across this term on the internet more and more often, but is it really as good as it’s promoted?
This Google framework is claimed to be a new milestone in cross-platform solutions creation because mobile app development with Flutter makes them very fast, compatible, fine-looking, and quality maintainable.
With the newest stable release, this framework can already be deployed not only to mobile but to web and desktop, that’s why we will have a deeper insight into this promising toolkit today.
At present Flutter is among the most dynamically developed programming solutions, launched in May 2017 it was stable and fit for production at the end of 2018. In 2019, it was the 3rd in the number of contributors. 13 000 contributors, it tells volumes that the community is eager to take part in its development, and more and more Flutter mobile app development companies enter the market.
Axisbits will also come into the line. We will delve into Flutter mobile app development because our experts believe that this technology allows us to create business apps, which are easy-to-modify, scale, and maintain. In fact, Flutter is rather an SDK for touch screen solutions developments. It was initially aimed at iOS and Android devices but can now run on other platforms as well.
Flutter allows to develop mobile solutions for iOS and Android at a time because the code base is the same. This also results in less testing, because automatic tests are written only once and though quality assurance should be performed on both platforms, there is just one app to test.
So you can save time and get wider opportunities for your business through a simultaneous launch on Google and Apple platforms. At the same time, in case you need or wish you can differentiate your applications.
Flutter has the exquisite feature of hot reload happening in milliseconds. It permits seeing the code updates and the alterations to the widget tree right away and makes the process of development more dynamic. It’s unnecessary to restart the app. So, the experiments go faster and the bugs, which appear, are also spotted immediately and dealt with right away. Besides, it makes cooperation between the developers and designers much faster and more comfortable. To craft a state-of-art UI design, developers can simply combine widgets in the way they need, they can choose shapes, animation, and text they like or build complex components from the simpler widgets.
All these factors combined speed up code writing dramatically.
There are 2 reasons for Flutter exceptional performance—its usage of Dart and having its own widgets. While this language of programming easily compiles into native codes, it does not require OEM. In such a way, a mobile app using Flutter requires less communication with the platform and demonstrates quick startup times along with fewer performance-related problems during its operation.
Since all the widgets and their renderers are part of the application, no additional libraries needed to provide compatibility with the devices on which it operates. It’s essential to mention that Flutter now operates on Android above 4.4 and iOS 64-bit devices. With the releases of new versions of the operating systems, Flutter widgets will need updates. However, it’s not a big problem since anyone can do that. The widgets are customizable and the new ones can be used on old OS versions.
Flutter has a big and active community, being an open-source technology. It makes the prospects for the tool’s development almost boundless and the customizing possibilities enormous. The community contributes to the framework’s documentation, actively produces helpful resources, and provides support.
We have revealed Flutter’s key advantages above, but is it really better than other present-day cross-platform technologies?
When deciding on a framework for your future mobile solution should you consider to build native mobile apps with Flutter or, for instance, with React Native?
Below we compare these two technologies a bit.
Being a product of Google, Flutter has received clear and accurate documentation. Besides, it is supplemented and expanded by the community we mentioned above. More than that Dart, Flutters programming language has many features common to those of Kotlin, C#, Java, JavaScript, and Swift. So the learning curve for developers is gradual and not complicated.
Though React Native is also open-source, its documentation is poorly structured.
As we can see above Flutter does not require any bridge for the interaction with iOS or Android elements, while React Native needs a JavaScript bridge to work with the native components. The key function of the bridge is to convert JS variables into the native ones.
Dart programming language combined with high-speed C++ in its core compiles code much faster than the JS V8’s engine. So the animations on Flutter run faster and the app behaves like a native solution in real-time.
The major feature which makes Flutter out-stand is its own UI components, they are customizable, compatible with native screens and features, and extremely flexible. It makes the mobile apps built on Flutter not only look but also operate naturally on both iOS and Android.
RN uses native components, which are updated simultaneously with the UI of the operating system. However, to make the React Native product look the same on both platforms, developers should turn to third-party libraries.
Now as we realize that Flutter is one of the technologies that is going to top the market in the nearest couple of years, it’s natural to find out how to create a mobile app using Flutter and how much it may cost.
However, there is no plain answer to the question. While we have found out that Flutter is rather a flexible and expandable technology with compatible components, the cost of development will depend on its complexity, features, size, and the Flutter mobile app development company or specialist you will choose. The expenditures may vary between 5000 and 50000 USD. To get a professional consultation and detailed price estimation of your project, you can contact Axisbits expert. Just fill in the form on our site.
Anyway, the technology being fresh yet innovative, is affordable even for startup projects. They can also skip license fees because the platform and its toolkit are open-source.
Since our company is interested in development and innovation, Axisbits sees great prospects in Flutter. It not only accelerates development, benefits to the quick MVP creation, decreases costs and time Flutter mobile app to the web, but allows crafting fine-looking cross-platform solutions with fast and smooth animations.
Flutter can interest tech-related companies, eCommerce businesses, and startups that want their mobile software solution to be fast, efficient, and stable on both platforms.
Though they claim the technology is young, the main teething problems have already been overcome and the giants like Alibaba and Tencent are good proof that Flutter can even be used for complex projects.
Flutter can already be deployed to web and desktop. Let's take a look deper into the new features of this toolkit today.
3.6.2020
7
min read
If you want to become a truly sought-after provider of enterprise-level web solutions that doesn’t stretch the development process for many months - Laravel is what you need. The popular PHP framework makes wonders when it comes to rapid web software engineering. Let’s dive into the Laravel development specifics to help you best add it to your software tools armory.
Laravel is a free, open-source PHP framework based on Symfony that is used to develop web applications and sites. Its initial version was released back in 2011. Today, Laravel has record 58.7 thousand GitHub stars, which explicitly indicates its enormous popularity among PHP developers.
Thanks to the well-thought-out MVC structure, excellent documentation, a dedicated website with lots of manuals, and laconic syntax, this framework can rightly be considered one of the best tools for web development out there.
In addition, it includes a powerful Blade template engine, as well as a set of easy-to-use tools to help developers quickly generate authentication forms, process cache, and perform RESTful routing.
Moreover, every other focused on Laravel development company gets to use:
It goes without saying that such a package of default capacities is a pretty good reason why Laravel has been a leading PHP framework since 2014.
Let’s see in more detail why Laravel development services are in such high demand.
In widespread practice, developers face two fundamental security problems every other piece of code is prone to get - SQL injections and XSS attacks.
Thus, when a hacker wants to conduct an SQL injection, he/she sends malicious SQL code through the parameters of the HTTP request. In the case when the application does not check the parameters incoming from the user, this request is processed automatically. Laravel, however, uses ORM, which literally “cleans” all incoming requests and removes from them what could hack the system.
As for XSS, with this type of attack, the JS code is embedded in the site’s page selected by the hacker. Then, he/she grabs user-side cookies and fakes them, thereby gaining access to the data of this user. Laravel, in turn, allows you to screen invalid Html tags - that is, display them as strings without executing the code.
If we talk about security on the user side, the framework offers an advanced system of user authentication - both through forms and through APIs, for example, OAuth.
Laravel is also preferred for high performance provided by built-in caching tools. So file caching works in this framework straight away, by default.
However, you can also use REDIS, Memcache, and APC to consume the RAM of the computing equipment where the system is installed and, thus, provide even faster loading - both for pages and their individual blocks.
Any fully functional framework has thousands of files and declarations to load. For the most part, they are all handled by the Composer autoload, but for the most frequently used files, Artisan can create a compiled.php file that loads on every request and combines all the classes used in your application.
In addition, the most commonly used files and classes are compiled into a single compiled.php file, which is optimized by the PHP runtime, thus avoiding performance degradation when loading a large number of files into a working environment.
Blade is a built-in lightweight template engine solution that standardizes templates and allows to reuse them. Working with it, developers can use different templating approaches native to the PHP language.
The community of Laravel developers is constantly replenishing the related codebase with more and more new libraries, making it easy for every new Laravel web development company to write new applications and sites. The time required for the implementation of the project is also being reduced by the day.
Laravel is based on the three-tier MVC architecture where the tiers are independent of each other. This grants stable code performance and reduces the number of possible errors. Moreover, multiple teams get to work on the same project, which is a straight way to reducing the development time.
Best Laravel developers from all over the world that support and develop Laravel packages are always open to cooperation. You can easily take part in the creation of any package and your edits will be accepted shortly.
Interested in the web development practice that would save your time, money, and nerves? Stop wasting your time with the “Laravel developer Upwork” requests. Contact us - we guarantee the quality of service with a firm background, experience, and expertise.
We have in-house experts working with Laravel and numerous other tools and technologies to provide the best level of customization and quality at affordable rates. Hit us up if you’re looking for the best Laravel development company without going too far.
If you want to become a truly sought-after provider of enterprise-level web solutions that doesn’t stretch the development process for many months - Laravel is what you need. Let’s dive into the Laravel development specifics to help you best add it to your software tools armory.
24.6.2020
7
min read
Due to the freedom and flexibility the gig economy provides, it is at the pinnacle of success today. The representatives of this area can work whenever they want and do whatever tasks they want to do. The gig economy benefits include the prevalence of freelance opportunities, the capability to pursue multiple careers, to maintain a passion project part-time, and combine work with traveling. All these make the gig economy very attractive and lucrative for freelancers.
As the gig economy develops, the demand for real time international payments also grows. Unfortunately, the recent pandemic of COVID-19, influenced every sphere of our life, and the gig economy is not an exception. The biggest concern is the payment question. According to a survey, 73% of gig economy workers are ready to leave this market because of frequent payment issues. Unfortunately, gig freelancers can’t be paid instantly. Sometimes, it takes weeks until they are paid for their work. And this is where US real time payments may be a game-changer.
The Clearing House, a well-known banking association, released its real time payment network in 2017. Today, it covers more than 50% of transactions in the USA. However, in making real time payments in US more accessible, a lot depends on partnerships. For example, PayFi and The Clearing House have recently announced a partnership to introduce this technology to the community banks.
It goes without saying that the development of the gig economy depends on real-time payments. Gig workers are going to be more productive if they get payments faster. It is expected that in a few years, freelancers will make up the majority of the US market, but the question of timely payments still remains an issue.
To solve the issue related to web development payment processing, the US Federal Reserve announced a year ago that they were planning to develop “FedNow” - a real-time payment service. The initial plan was to release this tool in 2024, but we are all hoping that the pandemic might make them change their schedule and try to launch this tool as quickly as possible.
Google demonstrated a successful example of a UPI, or Unified Payment Interface - a powerful and multi-featured system that allows users to have several bank accounts in one single mobile application. Simply put, it unites a few banking options and merchant payments in one tool.
Let’s review the key characteristic features of UPIs:
It goes without saying that all these qualities can definitely change the gig economy for the better.
So, how do real time payments work? They combine a variety of features: fund availability, instant confirmation of payments, settlement finality, etc. And the payment is made just in a few seconds. The main goal of Real Time Payments is to bring speed, data, and communication together. As a result, fast payment options will encourage more freelancers to participate in the gig economy.
But what are the main benefits for entrepreneurs? Indeed, they also benefit from using RTP. When employers hire short-term specialists, they can save on costs. Simply put, there’s no need to pay for healthcare, extra labor costs, etc. When using the right payment options, they can forge better relationships with their remote employees.
Moreover, fast digital payments increase the profits of employers by making financial transactions with clients cheaper, faster, and more convenient.
Small business owners win the most from such payment options. Currently, they have to wait for a few days until a paycheck is deposited. FedNow is working on developing new opportunities for small FinTech companies. In the near future, they will be allowed to create their own versions of PSP apps. As a result, small FinTech companies will be able to utilize infrastructure to comply with the demands of their clients. In other words, they will be able to develop fast, user-friendly, and safe solutions that can meet the needs of their clients and compete with the solutions of larger banks.
Overall, we should agree that the gig economy effects influence a number of areas. Even in a post-pandemic world, real time payments allow lots of small companies to stay afloat. Freelancers are paid faster, and entrepreneurs can save on costs by hiring short-term workers. It goes without saying that faster access to funds boosts both productivity and morale.
The COVID-19 pandemic influenced every sphere of our life, and the gig economy is not an exception. Real-time international payments are a solution.