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Product Management Improvement Question: Enhancing LinkAja e-wallet features for increased daily transactions
Image of author vinay

Vinay

Updated Dec 2, 2024

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What features could we add to LinkAja's e-wallet to make it more appealing for daily transactions?

Product Improvement Medium Member-only
Feature Prioritization User Segmentation Pain Point Analysis Fintech Digital Payments Mobile Banking
User Engagement Feature Development Product Improvement Fintech E-Wallet

Introduction

To make LinkAja's e-wallet more appealing for daily transactions, we need to focus on enhancing its core functionality while addressing user pain points and market trends. I'll approach this by analyzing our user segments, identifying key pain points, generating innovative solutions, and prioritizing them based on impact and feasibility.

Step 1

Clarifying Questions

  • Looking at the e-wallet landscape, I'm thinking LinkAja might be facing stiff competition. Could you share our current market position and who our main competitors are?

Why it matters: Helps tailor our features to differentiate from competitors Expected answer: We're in the top 5, competing with GoPay and OVO Impact on approach: Would focus on unique features to stand out

  • Considering user behavior, I'm curious about our current daily active users (DAU) and average transaction frequency. Can you provide these metrics?

Why it matters: Indicates whether we need to focus on acquisition or engagement Expected answer: 5 million DAU, average 3 transactions per week Impact on approach: Would prioritize increasing transaction frequency

  • Given the evolving fintech landscape, I'm wondering about our target demographic. Who are we primarily serving, and has this changed recently?

Why it matters: Ensures our features align with user needs and expectations Expected answer: Initially urban millennials, now expanding to broader age groups and semi-urban areas Impact on approach: Would consider features appealing to a wider demographic

  • Thinking about product lifecycle, where is LinkAja currently? Are we in growth, maturity, or looking to expand into new verticals?

Why it matters: Determines if we focus on core features or explore new territories Expected answer: Mature in urban areas, growing in tier 2-3 cities, exploring new verticals Impact on approach: Would balance optimizing core features with cautious expansion

Tip

Let's take a quick moment to organize our thoughts before moving on to user segmentation.

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