Just one more thing I dont understand is how will the developers gain profit on this. Will there be any ads built in-app?
The developer doesn't gain profits from the user who use the social app.
The income stream for KahnChat comes from multiple channels.
i) Mobile Payment Transaction
According to "The Statistics Portal" source, the total value of card transactions in the United Kingdom, Germany, France, Italy and The Netherlands for the year 2016 is 1787.8b .
These do not include the other 23 EU member states and other countries across the globe.
KahnChats mobile payment target is 1% of the market share, which adds up to approx. 17b worth of transactions each year.
With the KahnChat mobile payment transaction charge to a merchant being 0.6% per transaction, the potential income for KahnChat from the mobile payment feature alone sums up to 107m per year.
2) Others
- Discount voucher system fees to merchant
- Mini-Apps to for merchant
- Other corporate programs fees to organisation, merchant or seller
- Mobile Gaming games credits sales
- Live streaming gifts sales
- bill payment agency fees
- Exchange fees
- etc