As an aspiring entrepreneur, if you wish to succeed in your business, without second thoughts, go for Paytm clone app development. Let’s narrow down your thinking processes for a quicker stride forward by analyzing the types of apps first.

Retail application: An app like Amazon is considered the retail app because it has a mobile wallet in it.

Dedicated app: The app allows P2P money transactions by storing a variety of cards.

PoS payments: The PoS payment wallet apps are found at the stores. It is exclusively used by users to make contactless payments without having to stand in a long queue.