How to improve mobile banking experience with in-app messages?

May 6, 2020 | 0 comments

How to improve mobile banking experience with in-app messages?

May 6, 2020 | 0 comments

When thinking about mobile notifications, most often push messages come to people’s mind. These are the messages that show up on the home screen of your smartphone. While push messages offer great ways to engage your customers, there is another form of mobile notifications which should not be ignored, namely in-app messages.

Great advantage of in app messages is that they do not require opt-in from the user compared to push notifications or web push. You can immediately reach your whole user base. However, you do want to be cautious, because un-personalized, general notifications do frustrate users and can lead to the deletion of the mobile app. Personalizing your communication has additional benefits for your users, then simply reaching them with a general offer, which make it more engaging and more likely to get responses to.

Let’s see a few examples for in-app messages that provide added value, without being just another notification, which they will ignore.

Increase customer retention and usefulness of the mobile app

One of the greatest struggles of mobile app offerings is to keep the customers using the app after they have been downloaded from the store. Many people stop using the app after the first time and delete it eventually.

Since 27% of millennials are completely reliant on a mobile app for their banking, it’s imperative to offer a great onboarding experience and encourage the user to make the best out of the mobile offering.

A great way to make sure that the user keeps using the app is to help her understand how it works and what great things she can do via your mobile app.

In-app messages provide a great opportunity here. With these type of notifications companies can explain their users how to use the app in a timely and relevant fashion.

For example, when the user first launches the app, an on-boarding can explain the most important features and how do they work. Later, when the user starts using specific parts of the app, for example transferring money to a savings account in a banking application, with the help of in app messages, the features and possibilities of the savings account can be explained in detail.

The user will feel more empowered and encouraged to keep using the application.

Notify customers regarding the unavailability of the service

People want to make sure they can handle their financial transaction in a timely and orderly manner. Unfortunately, it can happen that transactions cannot be completed at a given moment, due to internal issues or external events.

Using in-app messages is a great way to notify customers about upcoming maintenance activities or send reminder about public holidays, in advance.

Not only will customers be less frustrated and thankful to get notified on time to be able to adjust their transactions, it will also reduce the bank’s customer service costs. Instead of customers having to call with the bank to get information about the unavailability of the service, the mobile app can be used to communicate in advance.

Educate customers and create up-and cross-sell opportunities

A mobile application is not finalized the moment it launches in the app store. It’s a continuous work, it has to be improved with feedback, updated with new features responding to market needs and maintained due to technological changes, such as mobile OS updates.

Due to automatic update feature on mobile phones, often an update can go unnoticed by the user. A great way to keep the user informed about new feature added to the app and increasing engagement is to educate the user with in-app messages about these updates and show them how they work.

Next to educating, in app messages can also be used to offer relevant offers to users based on the information available about them. Due to smart mobile technologies like location tracking or in app behavior tracking, user can get personalized offers based on their needs.

Frequent travels can get travel insurance offers while someone who’s account balance has decreased below a certain threshold can get an overdraft loan, to weather temporary decrease in their funds.

These offers are great, because they cater to the user personal situation, instead of offering a general service, which she doesn’t need.

Conclusion

Next to mobile notifications, in-app messages offer an additional layer of communication with the customers, without the need for opt-in on their part. By using this communication in a smart way, banks can offer a more personalized experience to their users while also helping them in mastering the use of the mobile offering.

Benefits of this personalized communication reach far beyond just good user experience but also provide other benefits, such as possible decreased costs on the bank’s side and increased engagement on the user’s side.

When thinking about mobile notifications, most often push messages come to people’s mind. These are the messages that show up on the home screen of your smartphone. While push messages offer great ways to engage your customers, there is another form of mobile notifications which should not be ignored, namely in-app messages.

Great advantage of in app messages is that they do not require opt-in from the user compared to push notifications or web push. You can immediately reach your whole user base. However, you do want to be cautious, because un-personalized, general notifications do frustrate users and can lead to the deletion of the mobile app. Personalizing your communication has additional benefits for your users, then simply reaching them with a general offer, which make it more engaging and more likely to get responses to.

Let’s see a few examples for in-app messages that provide added value, without being just another notification, which they will ignore.

Increase customer retention and usefulness of the mobile app

One of the greatest struggles of mobile app offerings is to keep the customers using the app after they have been downloaded from the store. Many people stop using the app after the first time and delete it eventually.

Since 27% of millennials are completely reliant on a mobile app for their banking, it’s imperative to offer a great onboarding experience and encourage the user to make the best out of the mobile offering.

A great way to make sure that the user keeps using the app is to help her understand how it works and what great things she can do via your mobile app.

In-app messages provide a great opportunity here. With these type of notifications companies can explain their users how to use the app in a timely and relevant fashion.

For example, when the user first launches the app, an on-boarding can explain the most important features and how do they work. Later, when the user starts using specific parts of the app, for example transferring money to a savings account in a banking application, with the help of in app messages, the features and possibilities of the savings account can be explained in detail.

The user will feel more empowered and encouraged to keep using the application.

Notify customers regarding the unavailability of the service

People want to make sure they can handle their financial transaction in a timely and orderly manner. Unfortunately, it can happen that transactions cannot be completed at a given moment, due to internal issues or external events.

Using in-app messages is a great way to notify customers about upcoming maintenance activities or send reminder about public holidays, in advance.

Not only will customers be less frustrated and thankful to get notified on time to be able to adjust their transactions, it will also reduce the bank’s customer service costs. Instead of customers having to call with the bank to get information about the unavailability of the service, the mobile app can be used to communicate in advance.

Educate customers and create up-and cross-sell opportunities

A mobile application is not finalized the moment it launches in the app store. It’s a continuous work, it has to be improved with feedback, updated with new features responding to market needs and maintained due to technological changes, such as mobile OS updates.

Due to automatic update feature on mobile phones, often an update can go unnoticed by the user. A great way to keep the user informed about new feature added to the app and increasing engagement is to educate the user with in-app messages about these updates and show them how they work.

Next to educating, in app messages can also be used to offer relevant offers to users based on the information available about them. Due to smart mobile technologies like location tracking or in app behavior tracking, user can get personalized offers based on their needs.

Frequent travels can get travel insurance offers while someone who’s account balance has decreased below a certain threshold can get an overdraft loan, to weather temporary decrease in their funds.

These offers are great, because they cater to the user personal situation, instead of offering a general service, which she doesn’t need.

Conclusion

Next to mobile notifications, in-app messages offer an additional layer of communication with the customers, without the need for opt-in on their part. By using this communication in a smart way, banks can offer a more personalized experience to their users while also helping them in mastering the use of the mobile offering.

Benefits of this personalized communication reach far beyond just good user experience but also provide other benefits, such as possible decreased costs on the bank’s side and increased engagement on the user’s side.

Are you ready to offer an enhanced experience to your users? Let’s brainstorm together to see how your customers can benefit from in-app messages.

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